Reply by Devere Group

deVere Group are proud to have a truly global presence. We have offices in New York, Paris, Frankfurt, Tokyo, Beijing, Kuala Lumpur and London to name but a few. Our London office is in Holborn with the address and contact details available on our website www.deVere-group.com. deVere Group offers driven individuals the chance to develop a successful career in international financial advice. The more you help people achieve their financial goals, the more successful you will become. We offer all recruits full comprehensive training gaining them a CISI qualification in wealth management.
Author's
Koeln,North Rhine-Westphalia
4.3K views
46 comments

The following link was easily found with a simple search of a financial governing body (FSA) showing that this firm has been kicked out of the UK - hence why they are working from Malta!

http://www.fsa.gov.uk/pages/Doing/Regula youve been ''SOLD'' the dream job over the phone from some uneducated *** based in Malta, I'd think twice before going to a group meeting for Nigel Green to further sell the job to you.

The person who I rang me up to try and ''Sell'' the job was called Stephanie Vidler (or so she said in her copy and paste standard follow-up email!) I remember my phone ringing whilst shopping and all I could hear was 100k a year job, tax free, everything was 'FANTASTIC'...telling me I would be earning ''OBSCENE AMOUNTS OF MONEY'' and, what really got me was she used the line ''The Whole Enchilada!"

At this point in the call I decided to play along with her. She was telling me id be on a minimum of 3500 pounds tax free per month, that with my strong sales experience in selling furniture then selling complex finanical packages would come 2nd nature! At this point in the call I was nearly in tears with laughter whilst walking passed the bread isle...I actually fell sorry for them guys cooked up in that office reading the same script ovvver and ovvvverr again to make a living.

DONT DO IT GUYS - THE COMPANY IS A SHAM, THE RECRUITMENT PROCESS IS A SHAM!

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Anonymous
Worcester, England, United Kingdom #643966

I have received an email from Daniel and also a call from a numnber that I did not recognise. The first telephone number was not recognised and then a telephone call from I gather a Malta number.

After reading this I will certainly not answer the call.

Thanks for the honesty on here guys. :grin

Noneeded
#607588

Suggestion: buy list of emails in the net, there are reasonably cheap and may help you to reach an incredible number of people in one hit.

Noneeded
#607581

To want to expose bad practice: send the link of this site and threads to everyone you know and ask them to keep sending forward...and just ask people to read and think twice before taking advise from anyone company listed in this site.

Anonymous
#593134

For fast read the UK FSA, and for few read view. Sorry for the typos :upset

Anonymous
London, England, United Kingdom #593133

The comment from bollox is exactly that. The recruitment operation to which you refer now operates under forefront recruitment, while devere in the uk is properly registered with the fast under no 464494. If there is any doubt check the register yourself.

I am no fan of the company and they have a few that this site only contains comments from disgruntled ex-employes, mischievous competitors and the like. I know it doesn't but total rubbish like the comments shown below doesn't exactly destroy their argument does it.

Anonymous
#593124

Mate, anyone can open an office in central and have an FSA reg number without having to declare what they do specifically. The UK office doesnt really have any perpose apart from to interview people and deal with one or two investors.

If they brought their Dubai operations to the UK do u think they'd still be FSA approved?!?! *** NO! Nigel Green was on watch dog too for robbing people.

Youtube it. Enough said.

Anonymous
Essex, Iowa, United States #591076

I was ment to be going to a meeting at heathrow on friday....NO CHANCE!!!

Anonymous
Kent, England, United Kingdom #589587

Not all financial advice requires the purchase of a product or investment. A lot of advice is based around the effective use of trusts and pensions' law, and tax.

Next time you meet an IFA, ask him/her about their hourly charge out rate for advice ( not commission from investing ) and make sure that he/she has professionally recognised qualifications in these respective fields and then check this with the institute concerned.

Avoid anyone who says that they are "internationally qualified", it usually means a low level exam paper. Avoid anyone that offers free advice or says that the customer does not need to worry about the commission as this is paid by the investment firm. Do not be fooled, this comes straight out of the money you invest and has a detrimental effect on your returns.

I am afraid banks are unlikely to have the calibre of adviser that most sophisticated investors need.

Anonymous
to IFA London, England, United Kingdom #603867

Agree with 95% of your post.. However as a chartered financial adviser who has worked for a large ifa with one of the largest banks in the world ( although in fairness now no longer ifa due to rdr) to say that banks are unlikely to have the calibre of adviser is a bit of a sweeping statement.

Will a lot of firms truly be independent in the next 12/18 months?

Doubtful...8/10 of the uk's largest independent financial advisers have gone down the "restricted" route.. With smaller firms likely to follow suit because of the increased regulatory charges.

There are a lot of advisers out there who aren't up to the job but as long as you are dealing with someone with either an advanced diploma or is chartered you should generally be ok as you would expect at least 5 years qualified experience in advising competently to achieve these qualifications

Anonymous
to Hmmm Paris, Ile-De-France, France #604122

With the greatest of respect to IFA and Hmm, you guys are living in a parallel universe. It seems to me that the majority of issues that are being discussed on forums like this relate to the quality of advice OUTSIDE the UK.

I accept your point that the completion of the Advanced Diploma is one of the accepted professional level advice qualifications. However, where do you think these guys tend to operate? I will tell you where, the UK !!!! So saying "...as long as you are dealing with someone with either an advanced diploma or is chartered you should generally be ok ... ", is just telling people to look out for something that they cannot have and is not really that helpful.

I have gone into a search engine and typed in a few key words ( Advanced Diploma holders use APFS or FPFS as titles) and , in nearly every case, I end up looking at UK advisers. I found a couple of exceptions in Dubai and Singapore, but that is of no use to most of us.

Noneeded
Slough, England, United Kingdom #589366

Get a life people. There is not much point in carrying on talking about IFAs.

The real point is, what kind of people want an unqualified and an unregulated service which will be dealing with your MONEY, very likely will provide you with an advise that even a monkey could reach too? Only *** people! The same goes for those who work for this kind of company. Nobody needs a IFA.

If you want to invest your money? Do your homework and find a top bank or financial institution and they will help you.

Bear this in mind - these organization will have QUALIFIED advisers. So if you put your money through a IFA and get a bad service and poor return - don´t complaint because you are the only one to blame!!

Anonymous
#584529

That linkedin thread has been cancelled.

So much for the freedom of speech on social media and shame on linkedin.

Anonymous
#582741

Interesting discussion on linked-in under British Expatriate Networking Group regarding deVere.

Anonymous
#582652

deVere are thieves, liers, cheats, scumbags who would stab their own mothers in the back if they thought there was financial gain.

SEARCH GOOGLE "WHO STOLE MY PENSION DEVERE" ALL ABOUT THE OFFSHORE THIEF NIGEL GREEN AND HIS BAND OF MERRY *** ARTISTS.

TWO OF THEIR MANAGERS IN ASIA HAVE BEEN LOCKED UP ABROAD FOR SELLING INVESTMENTS THAT DIDN'T EXIST (I THINK THEY CALL THIS BOILER ROOM).

Anonymous
#582481

there are so many inaccuracies in this thread it is laughable. but if devere have been kicked out of the UK then why are they shown on the FSA register under ref no 469151.

Anonymous
to bogbrush Cheltenham, Victoria County, Trinidad And Tobago #584226

This feed is so full of in exploring the FSA web site there has been no action AT ALL against Devere and they are still registered as of five minutes ago with the number being 469151, just search fro them under this number

They have a passport registration which means they ate a foreign company and the reason they are in Malta is because they offer "offshore" products that are registered in all the primary offshore countries or territories

I know guys that work at devere and they are hard working honest professional people

How can iy be a scam when they dont sell any of their own products and don't hold money, they sell the same or similar products as your would get from any Private Bank that offers legal tax benefited investements

Anonymous
to bogbrush Cheltenham, Victoria County, Trinidad And Tobago #584238

finally somebody here that is not a ***,

Anonymous
to bogbrush London, England, United Kingdom #591155

If they have been kicked out of the uk, why are they still running offices at 21 Knightsbridge? Go along and look.

Anonymous
#581760

Fantastic post, I hope your honesty backed with primary evidence is enough for deVere to change their work ethic and practices....who am I kidding...it wont stop until they bring captial punishment back in!

Anonymous
#580592

Yes that is my real name not hiding a thing here as I do not need to. Took the offer up as I'm interested in moving into the investment side of things as I have very wealthy high end clients I could do business with so need a company to educate me in this field. looked at all the comments floating around but you do think these are just angry fools who did not make the cut. So open mind fly to Malta to meet with the trainers and stay on their account. Well I lasted one full day !! and now sitting in another hotel still in Malta waiting to catch a flight home !!! here is a copy of the e-mail sent to the team.

To whom it may concern,

I’m sorry to inform you that I have made a decision not to continue with the training course with the DeVere group company. The reasons for my early departure are as follows:-

• I personally think the script used by the sales team is not correct in its composition or correct within its content.

• Personality clash between myself and Christine Watson, I do not appreciate the way she conducts herself which is in my opinion is a very unprofessional childish manner. At least if you are in the positions to convey a message speak the Queens English and do not make unrelated comments which could offend other members of the possible work force. We are not interested in your unrelated work thoughts or stories as we have given up our time and money to get the job done. Andy gets the message across in a professional manner and gains the respect of his audience.

• My concerns of the DeVere group it’s self is that a phrase comes to mind which is “A house of straw” nothing seems permanent. I qualify the quote by the quality of the rented, shabby head office to which could easily vanish over night and not what I would expect from a company which “manages/administrates” * billion in funds.

• The offices that have not worked in various counties for as I have been told “thrown out for non compliancy regulations” This there again high lights the companies lack of knowledge or expertise within their own field.

I have not in my opinion within this message misquoted any facts within this statement.

The message is only the opinion of Mr. K. Pearce whom was attending the training course from the 11th Dec 2012.

They are just a bunch of sharks but still party in London for Christmas along with Cheryl Cole this year so I was told and a few others.

Wonder who is paying ?

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