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  #181  
Old 12.11.2015, 14:55
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Re: deVere Switzerland

Many thanks! Never had this before in Switzerland :-)


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Plenty of threads about them and similar companies. Here's the biggest

Dealing with financial services "cold callers"
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  #182  
Old 11.12.2015, 11:46
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Re: Dealing with financial services "cold callers"

Hello All,

We are a couple in Geneva that is looking for people that have been unfortunate enough to have invested in the Generali Vision Plan through the company that (cannot be mentioned!?) rhymes with de Beers.

Similarly, if your "advisor" recommended that you invest in the GAM fund, or sometimes called the Strategic Growth fund then you get a gold star and we really have a solid case

We are building a case and looking for others in the region.
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  #183  
Old 11.12.2015, 11:56
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Re: Dealing with financial services "cold callers"

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Hello All,

We are a couple in Geneva that is looking for people that have been unfortunate enough to have invested in the Generali Vision Plan through the company that (cannot be mentioned!?) rhymes with de Beers.

Similarly, if your "advisor" recommended that you invest in the GAM fund, or sometimes called the Strategic Growth fund then you get a gold star and we really have a solid case

We are building a case and looking for others in the region.
Your one of thousands......
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  #184  
Old 11.02.2016, 01:00
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Re: Dealing with financial services "cold callers"

No clue who the pension advisers were but a cautionary tale for British expats.

Airline pilot facing £300,000 penalty over pension scam!

Details here.

Basically people withdrew their pensions from UK pension schemes to transfer to other countries; these withdrawals did not comply with the rules and now the UK tax people are applying punitive taxes.

I do not understand why the UK pensions funds have no shared liability if such withdrawals were clearly illegal?
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  #185  
Old 22.02.2016, 16:23
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Re: Dealing with financial services "cold callers"

Interesting. It's odd that they don't name the companies concerned.


"he agreed to transfer this pension to another scheme, which he had no idea was actually owned and operated by the company advising him to move the money"
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  #186  
Old 22.02.2016, 17:39
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Re: Dealing with financial services "cold callers"

I had a call today from De Vere, first I've ever had, very cocky Scottish guy. Calmly called him "human spam" as I was at work thus couldn't unleash my full opinions, and then put the phone down.

The people who do this cold calling really are scum in my eyes.
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  #187  
Old 22.02.2016, 18:15
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Re: Dealing with financial services "cold callers"

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I had a call today from De Vere, first I've ever had, very cocky Scottish guy. Calmly called him "human spam" as I was at work thus couldn't unleash my full opinions, and then put the phone down.

The people who do this cold calling really are scum in my eyes.
It's the guys who hire them with promises of good commission who are the scum. Some of the cold callers are just desperate for a job and don't know when they sign up for the job exactly how bad a product they are trying to sell.

A friend of mine accepted a job from them a couple of years ago. They gave her 2 weeks of training then gave her a list of telephone numbers. After a couple of weeks of getting abuse (rightly so she admitted) from potential hits she quit.

They sent her a bill for 5000.00 CHF for her training. She told them to stick it up their arse or sue her. They didn't sue her, not sure if they did the other though.
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  #188  
Old 14.03.2016, 11:49
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Re: Dealing with financial services "cold callers"

Got a call today from 'John' - I had switched jobs ~4 months ago but only recently updated my Linkedin profile [but I had not published my updates].

He said he worked for "veer group" (I wasn't sure if he said De Vere or Va ?) and they help with taxes etc. etc. for expats... wanted my email...

Said I wasn't interested - he asked why, I said I just don't need it right now.
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  #189  
Old 14.03.2016, 12:22
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Re: Dealing with financial services "cold callers"

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Got a call today from 'John' - I had switched jobs ~4 months ago but only recently updated my Linkedin profile [but I had not published my updates].

He said he worked for "veer group" (I wasn't sure if he said De Vere or Va ?) and they help with taxes etc. etc. for expats... wanted my email...

Said I wasn't interested - he asked why, I said I just don't need it right now.
You were too polite, they'll call back for sure!
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  #190  
Old 14.03.2016, 12:30
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Re: Dealing with financial services "cold callers"

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It's the guys who hire them with promises of good commission who are the scum. Some of the cold callers are just desperate for a job and don't know when they sign up for the job exactly how bad a product they are trying to sell.
I don't agree that it's only the guys who hire them... the guy I spoke to was incredibly arrogant and disdainful, he was brimming with confidence and very shark-like. They clearly know exactly what they are doing and do their best to get it. It's a conscious choice.
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  #191  
Old 14.03.2016, 12:59
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Re: Dealing with financial services "cold callers"

I was getting calls from a number I didn't recognise and being at work didn't pick-up. Then I get a letter from Credit Suisse saying in order to be able to contact you rapidly we require you to provide a telephone number. Home: ___________ Work: __________ Mobile: ______________



The banks here think nothing of using your personal information for marketing purposes.
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  #192  
Old 14.03.2016, 13:27
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Re: Dealing with financial services "cold callers"

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I don't agree that it's only the guys who hire them... the guy I spoke to was incredibly arrogant and disdainful, he was brimming with confidence and very shark-like. They clearly know exactly what they are doing and do their best to get it. It's a conscious choice.
Sure, there are clearly some who stay on and earn probably decent commission from being shark like, but I think many who sign up for these jobs (like my friend) have no idea what they are letting themselves into.

But I'm still rude to them anyway!
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  #193  
Old 17.03.2016, 00:06
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Re: Dealing with financial services "cold callers"

hi all,

I am pretty accustomed to 2 but today i got a call from
Monfort International.



Seems to belong to the same league - although HQ is in Zurich, not Dubai...


anybody has any experience with them?


best
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  #194  
Old 17.03.2016, 00:24
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Re: Dealing with financial services "cold callers"

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hi all,

I am pretty accustomed to 2 but today i got a call from
Monfort International.



Seems to belong to the same league - although HQ is in Zurich, not Dubai...


anybody has any experience with them?


best
Motus
No experience but I could not find them listed on the FINMA web site; FINMA is the Swiss Govt. body for registering financial services companies.
If they are not registered then you have no protection if your money gets lost.
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  #195  
Old 17.03.2016, 09:53
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Re: Dealing with financial services "cold callers"

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No experience but I could not find them listed on the FINMA web site; FINMA is the Swiss Govt. body for registering financial services companies.
If they are not registered then you have no protection if your money gets lost.
I'm guessing this is MonTfort International. Same deal though - anyone cold calling you about your financial affairs can safely be told where to go in words of one syllable.
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  #196  
Old 11.04.2016, 11:28
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Re: Dealing with financial services "cold callers"

Got one from someone working in the ICC, Geneva. Turns out they were a consultant for "Guardian Wealth Management"

They wanted to offer me lunch or a coffee to discuss more about what they do. Saying I could benefit from paying less taxes... to get a bank saving of 5-6% instead of the "0.1%" that must have right now.

I declined and he said he was surprised as "I'm the first person to decline tax reduction"
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  #197  
Old 11.04.2016, 12:07
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Re: Dealing with financial services "cold callers"

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Got one from someone working in the ICC, Geneva. Turns out they were a consultant for "Guardian Wealth Management"

They wanted to offer me lunch or a coffee to discuss more about what they do. Saying I could benefit from paying less taxes... to get a bank saving of 5-6% instead of the "0.1%" that must have right now.

I declined and he said he was surprised as "I'm the first person to decline tax reduction"
That would have been your most expensive coffee ever...
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  #198  
Old 23.04.2016, 20:14
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Re: Dealing with financial services "cold callers"

Interesting article in the FT about those firms who are not registered and regulated in the EU.

British expats, your financial adviser may well be a bandit
by Jason Butler
April 6, 2016 6:33 am

Jason Butler is an independent personal finance expert and former financial adviser; Twitter: @jbthewealthman

"... a significant number of advisers left the UK to avoid the new regulations and work among the high-earning British expatriate communities in low- and no-tax places such as Dubai, the United Arab Emirates and Hong Kong, or countries with large communities of retired British nationals such as Portugal and Spain.
While all of these expat destinations have some sort of financial regulator, the rules and standards for selling retail financial products to foreign residents are laughable compared to those in the UK. Eyewateringly expensive financial products, laced with enormous commission payments to financial salespeople, are the norm. Advisers have little, if any, requirement to gain professional qualifications. As for an obligation to give the client suitable advice, forget it. ..."


"... My advice, if you are intend to work overseas temporarily is to engage the services of a UK-regulated, fee-only, financial planning firm before you go. That way you will get a personalised financial plan, high quality advice, competitively costed financial products and regulatory protection. All for a transparent, fair and agreed fee..."

To read the full article (will require to register with ft.com): [URL removed]

Last edited by 3Wishes; 23.04.2016 at 20:56. Reason: URL shorteners not allowed, please repost full link
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  #199  
Old 13.06.2016, 10:43
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Re: Dealing with financial services "cold callers"

Good news from moneyhouse about our favorite financial adivesers

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Firma Neu: deVere Client Services SA in Liquidation.
Vinkulierung neu: [Die Beschränkung der Übertragbarkeit der Namenaktien ist im Sinne von Art. 685a Abs. 3 OR aufgehoben.]. Die Gesellschaft ist mit Beschluss der Generalversammlung vom 30.05.2016 aufgelöst. Liquidationsadresse: c/o Advise Treuhand AG , Seestrasse 409, 8706 Meilen.
Eingetragene Personen neu oder mutierend: Advise Treuhand AG (CHE-101.913.576), in Meilen, Liquidatorin.
However, the sneaky chief NG left the sinking boat beforehand
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  #200  
Old 13.06.2016, 11:39
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Re: Dealing with financial services "cold callers"

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Good news from moneyhouse about our favorite financial adivesers



However, the sneaky chief NG left the sinking boat beforehand
Probably its all part of the scam.

Sell expensive packages, cash in on up front fees and then conveniently go bankrupt so you can leave your victims in the lurch.

The sleazy advisors and their handlers will have secured their bonuses and are happy to let the ship sink.
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