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  #241  
Old 31.10.2018, 18:06
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Re: Dealing with financial services "cold callers"

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I must be slipping. Just had my first ever call today, apparently from Liverpool. Told them to pi$$ of and blocked the number.

Would still like to know how they got hold of the number and attached it to a half Brit though however as it's a mobile and not listed anywhere. Including not in Linked In.
You can buy contacts. Its pretty cheap. If you ever used that number in some online booking tool for anything from a raffle to a restaurant booking is your profile probably for sale.


Companies go "I'd like 25k contacts of Brits living in CH". The more details you add, the more expensive it gets. I got loads of these calls when I was living in Singapore, because the companies apparently just specified "white guy", not "from a country with a pension system I could abuse as a financial advisor"...
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  #242  
Old 31.10.2018, 18:09
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Re: Dealing with financial services "cold callers"

There is a new one out there called Miscanthus.

There is actually a website of a company called Miscanthus but I don't think it's the same company (even though the guy on the phone claims it is).

Their sales pitch is that they invest your money in the agro business and use that as a collateral to borrow more money which they then invest in an absolutely fail safe system, the details of which are rather fuzzy but it's got something to do with carbon credits, and that provides a return of at least 20 percent per annum at absolutely no risk.

The whole thing sounds so ridiculous that I wonder if anybody falls for it.

I actually let him talk without being rude because the whole thing was so tragically comical.
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  #243  
Old 31.10.2018, 18:11
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Re: Dealing with financial services "cold callers"

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Companies go "I'd like 25k contacts of Brits living in CH". The more details you add, the more expensive it gets. I got loads of these calls when I was living in Singapore, because the companies apparently just specified "white guy", not "from a country with a pension system I could abuse as a financial advisor"...
How do they know you're a white guy?

It's not the sort of detail you typically provide when signing up for an online raffle.
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  #244  
Old 31.10.2018, 18:33
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Re: Dealing with financial services "cold callers"

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How do they know you're a white guy?

It's not the sort of detail you typically provide when signing up for an online raffle.
My name is pretty clearly male. It does sound rather European and not exactly Chinese, Malay or Indian... which would be your three local options in Singapore. Plus: The guys who sell you contacts for a few Rappen each don't care much about data quality.


If you do want quality data can you probably get it with some people in cheap countries checking names against linkedin profiles or what not... but I don't think this sort of people go that far. The ones in Switzerland might.


Stern Magazine in Germany once made the experiment and spend the maximum possible to get as detailed profiles as available... and then went to the people to check with them. They had everything right: Age, estimated salary range, interests (probably based on your browsing behavior). Its honestly scary. That's the actual reason why the EU introduced GDPR - if you sell your customers data on will you now get hit with a big stick.
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  #245  
Old 18.10.2019, 08:52
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Re: Dealing with financial services "cold callers"

From linkedin, I got a request from CN Goodall GmbH
I would like to arrange a convenient time to call you please.
We are currently providing free reviews to non-Swiss nationals on solutions to reduce tax liability, Tax-efficient saving and investment solutions and overseas pensions.
What number can I reach you on please?
Er... No.
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  #246  
Old 18.10.2019, 08:57
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Re: Dealing with financial services "cold callers"

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From linkedin, I got a request from CN Goodall GmbH
I would like to arrange a convenient time to call you please.
We are currently providing free reviews to non-Swiss nationals on solutions to reduce tax liability, Tax-efficient saving and investment solutions and overseas pensions.
What number can I reach you on please?
Er... No.

Had a similar request on LinkedIn from DeVere. Put it on ignore....
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  #247  
Old 18.10.2019, 09:59
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Re: Dealing with financial services "cold callers"

Registered in Zug, at the same address as over 100 other companies.
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  #248  
Old 04.10.2021, 10:46
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Re: Dealing with financial services "cold callers"

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From linkedin, I got a request from CN Goodall GmbH
I would like to arrange a convenient time to call you please.
We are currently providing free reviews to non-Swiss nationals on solutions to reduce tax liability, Tax-efficient saving and investment solutions and overseas pensions.
What number can I reach you on please?
Er... No.
Fast forward several years later, CN Goodall has gotten savvier with his "skills". I made a HUGE mistake of signing on with him. His dealings are marred with lies, commission and half-truths. Fortunately, there are means to spread the word and hopefully stop others from making the same mistake.
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  #249  
Old 04.10.2021, 10:50
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Re: Dealing with financial services "cold callers"

Yes, nothing short of criminal behavior.
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  #250  
Old 04.10.2021, 11:04
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Re: Dealing with financial services "cold callers"

I looked at the company registration data for CN Goodall. As a GmbH it operates with the legal minimum capital in Switzerland of just 20'000 CHF. That's what a person operating a food truck or a hairdresser does here as well. That alone is a reason not to send them just one CHF.
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  #251  
Old 04.10.2021, 16:29
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Re: Dealing with financial services "cold callers"

Ah. I made that mistake. I am now trying to consider where I can file official complaints that deal with this sort of thing. He sold me an Isle of Man product but as far as I am aware, he is NOT in the Isle of Man. Any ideas??
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  #252  
Old 04.10.2021, 17:11
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Re: Dealing with financial services "cold callers"

You could try this: Reporting an incident to FINMA or filing a complaint
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  #253  
Old 04.10.2021, 18:40
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Re: Dealing with financial services "cold callers"

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I looked at the company registration data for CN Goodall. As a GmbH it operates with the legal minimum capital in Switzerland of just 20'000 CHF. That's what a person operating a food truck or a hairdresser does here as well. That alone is a reason not to send them just one CHF.
With that kind of logic you can rule out a major section of the financial services industry. It's not a capital intensive industry and many of the firms only have a handful of employees, so it is not a big deal.

What would concern me is the lack of information on their website both in respect of financial advice and the people giving it. There are very few firms of substance that don't produce some kind a financial brochure at least once a year.... an income tax guide, comment on a budget etc.... they don't seem to have anything like that available and no real profile on the advisors.

You will find profiles on LinkedIn, I looked at 14 today. Most of them look like a cookie cutter style. I only found two that you'd say hmm perhaps you actually wrote it yourself. Then there seems to be a lack of knowledge and experience in the areas they are actually proposing to advise on.

Yes I 'd have concerns about seeking advice there, but definitely not based on your criteria.
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  #254  
Old 04.10.2021, 19:01
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Re: Dealing with financial services "cold callers"

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Fast forward several years later, CN Goodall has gotten savvier with his "skills". I made a HUGE mistake of signing on with him. His dealings are marred with lies, commission and half-truths. Fortunately, there are means to spread the word and hopefully stop others from making the same mistake.
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Ah. I made that mistake. I am now trying to consider where I can file official complaints that deal with this sort of thing. He sold me an Isle of Man product but as far as I am aware, he is NOT in the Isle of Man. Any ideas??
Whoever the 'he' is, he does not have to be in the Isle of Man to sell you a product based there.... There are many financial products on sale in Switzerland that are not based in Switzerland.... go to the CS or UBS site and you will find them selling products often based in Luxembourg or Dublin.

I'm actually surprised that the mods have not removed your comments by now as they are aimed at a specific named firm and despite what you may think you, it could have legal consequences for you. Especially if all you've got factually is that the policy was based in the Isle of Man.

Complaints to FINMA are taken very seriously and you will be required to provide factual evidence to support the claim. And false or unsubstantiated complaints could have consequences as well.

I would strongly advise you to seek proper legal advice before you post, say or doing anything else.
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  #255  
Old 04.10.2021, 20:18
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Re: Dealing with financial services "cold callers"

The logic is that a company with a small capital base is far more likely to go bankrupt. Who would want to get involved with such a business when there are hundreds with real, experienced staff in the Zurich and Zug area? Like many readers here, I got the same type of calls and emails and done very well by never responding.

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With that kind of logic you can rule out a major section of the financial services industry. It's not a capital intensive industry and many of the firms only have a handful of employees, so it is not a big deal.
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  #256  
Old 05.10.2021, 00:06
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Re: Dealing with financial services "cold callers"

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The logic is that a company with a small capital base is far more likely to go bankrupt. Who would want to get involved with such a business when there are hundreds with real, experienced staff in the Zurich and Zug area? Like many readers here, I got the same type of calls and emails and done very well by never responding.
Well since the capital can be paid from even an AG the day after it is registered and certain types of off balance sheet transactions are still legal, that is not much comfort! But these guys are selling financial products so the clients investments are held by third parties and beyond a bit of inconvenience it is not a big issue.

I worked on the liquidation of one such firm and supervised the dissolution of another. Of course people were upset about the wait, but I can’t recall clients loosing cash, with one exception and that related to a critical vote at an AGM where the guy did not have the certificates on time to pull of a take over of the board so no a real investment transaction.
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  #257  
Old 05.10.2021, 09:38
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Re: Dealing with financial services "cold callers"

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Whoever the 'he' is, he does not have to be in the Isle of Man to sell you a product based there.... There are many financial products on sale in Switzerland that are not based in Switzerland.... go to the CS or UBS site and you will find them selling products often based in Luxembourg or Dublin.

I'm actually surprised that the mods have not removed your comments by now as they are aimed at a specific named firm and despite what you may think you, it could have legal consequences for you. Especially if all you've got factually is that the policy was based in the Isle of Man.

Complaints to FINMA are taken very seriously and you will be required to provide factual evidence to support the claim. And false or unsubstantiated complaints could have consequences as well.

I would strongly advise you to seek proper legal advice before you post, say or doing anything else.
My concern has nothing to do with what I was sold and from where. My question was where one might file a complaint against a financial advisor. I was told by the supplier of a couple of organizations, but would like to ensure I cover most of the ones applicable. And yes, they are serious claims -- with tangible proofs, documents and emails to support my claim. This was MY experience. Naturally, others might have different experience with this person. But with my experience, I'm not about to let it slide.
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  #258  
Old 05.10.2021, 10:17
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Re: Dealing with financial services "cold callers"

I'd like to figure out a way to stop/block all these insurance cold callers. Fortunately with iPhone you can silence all callers you don't have in your contacts but that broadly makes it difficult to get any other calls easily. I have complained to Swisscom and pressed cold callers to not call again but this is chronically a problem for 2 years now
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  #259  
Old 05.10.2021, 10:32
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Re: Dealing with financial services "cold callers"

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My concern has nothing to do with what I was sold and from where. My question was where one might file a complaint against a financial advisor. I was told by the supplier of a couple of organizations, but would like to ensure I cover most of the ones applicable. And yes, they are serious claims -- with tangible proofs, documents and emails to support my claim. This was MY experience. Naturally, others might have different experience with this person. But with my experience, I'm not about to let it slide.
I'm not suggesting you let it slide, but I very strongly suggesting that you seek proper legal advice. Making comments on public forums, frivolous, unwarranted or unsustainable complaints to FINMA etc... can have consequences - when you go after someone's source of income you can expect they will defend themselves and will come after you.

Like I said, complaints to FINMA are taken very seriously on BOTH sides.
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  #260  
Old 05.10.2021, 11:27
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Re: Dealing with financial services "cold callers"

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I'm not suggesting you let it slide, but I very strongly suggesting that you seek proper legal advice. Making comments on public forums, frivolous, unwarranted or unsustainable complaints to FINMA etc... can have consequences - when you go after someone's source of income you can expect they will defend themselves and will come after you.

Like I said, complaints to FINMA are taken very seriously on BOTH sides.
Thank you. Point taken :-)
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