In 2010, my wife and I received a request from the DeVere representative handling the account to switch a significant part of the mutual funds we had to a group of new funds. This included allocating a quarter of the proceeds to the Strategic Growth Fund.
Three years later, came the debacle which over the last 4 years became a disaster, as it is now almost sure that we have no chance of money recovery. Therefore, under the advice of DeVere, we lost at least a quarter of our savings.
We have contacted DeVere officially, and their response has been simply shocking, denying first any involvement from DeVere, and when confronted with the facts, recommending to seek legal advice !!!
Product or Service Mentioned: Devere Group Financial Advisor.
Reason of review: Poor customer service.
Monetary Loss: $70000.
Preferred solution: Let the company propose a solution.
I didn't like: Losing quarter of funds to a scam compared to a ponzi scheme.