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  #161  
Old 19.02.2019, 13:31
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Re: DeVere group cold calling again.

deVere Group has apparently lost its licence in Germany.

https://www.toytowngermany.com/forum...ce-in-germany/
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  #162  
Old 19.02.2019, 13:54
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Re: DeVere group cold calling again.

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deVere Group has apparently lost its licence in Germany.

https://www.toytowngermany.com/forum...ce-in-germany/
Oh, I'm sure a little thing like that will not set them back.
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  #163  
Old 11.03.2019, 14:51
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Re: DeVere group cold calling again.

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Friendly advice - I know the industry well. DeVere and all the others (Guardian, Belgravia, Swiss Global, Alpha Wealth) are as bad each other

Trails, upfront Commission on bond, Toxic structured notes (masked to look simple and great - they pay Commission!)
I can (unfortunately) confirm this from personal experience. They talked me into signing up to a 10-year Generali Vision plan; although I cut most of my losses by sticking with it until the bitter end, I still lost money of course.
Guardian fed off that plan by charging it with fees that I never managed to figure out well, nor were these fees ever explained or outlined by them.
Lots of "advisors" (salesmen disguised as financial advisors, in fact) changed over the years and the quality of their so-called services nosedived with time. In the early years at least they tried to sound professional, but towards the end it reduced to banging on "This is what you need!", "You don't have enough for retirement!", "You want to have this plan!".
By then I knew much better than a decade earlier tough.
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  #164  
Old 08.04.2019, 14:11
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Re: DeVere group cold calling again.

A recent message online:

Quote:
"Nigel Green has bought out swissglobal group from bankrupt owners Paul Kavanagh and Stuart Hamon.

Nigel green met with the owners last week in an effort to revive the failing business. CEO Mike Coady has been dismissed with immediate effect due to past history of disputes with Nigel.

Nigel commented that he wishes Mike coady the best and is confident that he will remain a valuable ex employee.

Nigel green has a new strategy for swissglobal. Brand new brand and marketing DeSwiss Global Group."

https://swiss-global-group.pissedcon...271501001.html
Reviews: https://swiss-global-group.pissedcon...om/review.html

Website: https://www.swissglobalgroup.com/

They seem to have a presence in Switzerland: https://www.facebook.com/swissglobalgroupch/

Or had: https://swiss-global-group.pissedcon...231454972.html

This says their Swiss licence was revoked:
https://swiss-global-group.pissedcon...261500685.html
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  #165  
Old 29.06.2019, 10:56
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Re: DeVere group cold calling again.

I read this thread and got very concerned.
I am in talks with them about a 3a savings product (it's with Swiss Life).
Should I avoid dealing with Devere completely, even if the product looks interesting?


Thanks
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  #166  
Old 29.06.2019, 11:11
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Re: DeVere group cold calling again.

Why wonít you go directly to Swiss Life instead and cut the middle man?

https://www.swisslife.ch/en/individuals.html
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  #167  
Old 01.07.2019, 11:22
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Re: DeVere group cold calling again.

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Should I avoid dealing with Devere completely, even if the product looks interesting?
Yes. Unless you like not having your money anymore.
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  #168  
Old 02.07.2019, 11:07
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Re: DeVere group cold calling again.

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I read this thread and got very concerned.
I am in talks with them about a 3a savings product (it's with Swiss Life).
Should I avoid dealing with Devere completely, even if the product looks interesting?


Thanks
Whether you do it directly with an insurance company or through some kind of broker, do make sure you know what you're getting into. There's plenty of info on this board on the problems a pillar 3a insurance policy brings, including a thread titled something like "how do I cancel my 3a insurance policy without losing everything".

Typically, you want to use a 3a bank account instead of a 3a insurance policy. Assuming that's what you want/need in the first place - unless you own your home and use 3a to amortize the mortgage indirectly, the younger you are the less attractive pillar 3a is.
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  #169  
Old 02.07.2019, 12:00
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Re: DeVere group cold calling again.

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I read this thread and got very concerned.
I am in talks with them about a 3a savings product (it's with Swiss Life).
Should I avoid dealing with Devere completely, even if the product looks interesting?


Thanks

Why would you take out an insurance policy when you want to save or invest? Insurance always comes with a tie in.

As pointed out by Urs Max, you want a standard 3a savings account to get the tax advantage, if that's the way you want to go. See your own bank.

Any potential 'uplift' or 'tax efficiency' will be wiped out by the charges on a policy.

Policies come with higher commission for the seller, that's why it's being offered to you, no other reason.
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  #170  
Old 04.07.2019, 16:08
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Re: DeVere group cold calling again.

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Should I avoid dealing with Devere completely, even if the product looks interesting?
Depends on how much of your money you want to give them and who the product is most interesting for - you or them and/or the product provider.

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  #171  
Old 20.08.2019, 23:31
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Re: DeVere group cold calling again.

A recent complaint from a Mr Krantz, seemingly advised by deVere Switzerland, who has apparently lost EUR 10,000 through the Strategic Growth Fund and Generali Vision, which he says is now called Utmost Vision. It seems that Generali Worldwide has been acquired by the Utmost Group.

Generali Worldwide is now Utmost Worldwide as acquisition is completed

Important information: Generali Worldwide has changed to Utmost Worldwide

Quote:
You may already be aware from the media or your insurance intermediary, that the Utmost Group of Companies previously agreed to acquire Generali Worldwide Insurance Company Limited.

The change in ownership is now complete and the new name of Generali Worldwide Insurance Company Limited is Utmost Worldwide Limited.

Please note: Utmost Worldwide will be trading under two new distinct brands: Utmost Wealth Solutions (wealth management) and Utmost Corporate Solutions (employee benefits) and existing planholders will soon be receiving a letter providing them with more detail on the acquisition and our new brand.
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  #172  
Old 21.08.2019, 08:01
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Re: DeVere group cold calling again.

I'm lucky I have no money so I have nothing to discuss with these yahoo's!
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  #173  
Old 21.08.2019, 12:02
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Re: DeVere group cold calling again.

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I'm lucky I have no money so I have nothing to discuss with these yahoo's!
in other words, you are an ex-customer?
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  #174  
Old 04.09.2019, 14:01
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Re: DeVere group cold calling again.

Here's a recent article about a company called Continental Wealth Management with familiar sounding methods (even Generali gets a mention):

Plunder in paradise: The 'adviser' behind a Costa scam that has cost expat pensioners £25MILLION - and led one to attempt suicide

Though the company isn't called deVere, it does appear to have a deVere connection. The article refers to a Darren Kirby being the "chief architect" behind Continental. It looks as if he, or someone sharing his name, worked for deVere prior to setting up Continental (in 2008) and, if an online comment is correct, found a home with them again soon after it folded (in September 2017).

"Mexico City, Mexico (PRWEB) February 9, 2007 ... "Our Mexico operation is thriving," said Darren Kirby, who was recently appointed as Regional Manager for deVere's Latin American region. "We have great career opportunities there for seasoned professionals and new graduates alike.""
https://www.prweb.com/releases/2007/02/prweb503088.htm

"November 2017 ... Take care! This group now employing Darren Kirby in the Jakarta office. He recently fled Spain after Continental Wealth Management closed leaving hundreds of pension holders out of pocket by millions."
https://repdigger.com/reviews/de-vere-group

Is the BBC article below from 2005 about the same guy, just younger, or is it a different person? (Compare the two photos below: larger photo from the 2019 Daily Mail article on Continental Wealth Management and smaller photo from the 2005 BBC article on the 32 year-old drugs courier.) It looks to me as if it could be the same person, but he couldn't have been setting up Continental Wealth Management if he was serving a 13-year jail sentence. The drugs courier is described here as a "low-level runner" for an organised crime gang.

£3m ecstasy van haul sentence cut

"A Nottingham drugs courier caught carrying £3m of ecstasy tablets has won a cut in his 15-year jail term. Darren Kirby, 32, of Ryber Crescent, Basford, pleaded guilty to possessing a class A drug with intent to supply at Nottingham Crown Court last September. "
Attached Images
  

Last edited by Reb77Br; 04.09.2019 at 14:26.
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  #175  
Old 09.09.2019, 15:11
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Re: DeVere group cold calling again.

It seems that a deVere Group trainee with an African name brought a race discrimination claim against deVere Group earlier this year, thrown out as the London employment tribunal didn't have jurisdiction to deal with it. Part of the training had apparently involved making cold calls to "persuade as many people as possible to download the deVere Group Limitedís CryptoCurrency App".

CEO Nigel Green has been signing the praises of cryptocurrency: New survey: Wealthy look to increase cryptocurrency exposure

Financial Conduct Authority lists cryptocurrency investment scams among the most commonly reported in 2018; urges extra vigilance to investors
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  #176  
Old 26.09.2019, 16:44
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Re: DeVere group cold calling again.

This story* about the collapse of a fund management firm is a few years old and from Australia, but involves a string of financial advisory firms, including deVere Group Limited GmbH, deVere Group China, deVere Group Japan, Inter-Alliance International and Inter-Alliance Worldnet (the latter two of which have deVere Group CEO Nigel Green as a director (source)) and another apparently international financial consultancy run by someone who used to work as a deVere adviser in Switzerland but is now seemingly based in the UK unauthorised and unregulated by the Financial Conduct Authority.

* Angry investors line up to sue financial planners over LMIM collapse

List of financial advisory firms that recommended this firm's products to their clients (p. 4 onwards) [anyone reading this thread might want to check this list to see if it features anyone/any company they have taken advice or are considering taking advice from]

Petition: Give us back our life savings

"The promotional material for the LM Managed Performance Fund withheld critical information, quoted negligent, misleading audit report content, and contained inflated asset valuations. It was, in fact, a heavily fraudulent, elaborate, quasi-Ponzi scheme. ...

Many investors were ensnared by unscrupulous financial advisers operating in the international/expat market, who we now understand had been receiving large commissions from investors’ monies from Peter Drake and his company."
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  #177  
Old 02.10.2019, 14:57
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Re: DeVere group cold calling again.

From January 2019: Unsuitable Qrops advice lands deVere UK with compensation bill

A search for "deVere" on the register of the UK financial regulator, the Financial Conduct Authority, produces some odd results:

deVere and Partners (UK) Limited = authorised
deVere Foreign Exchange Limited = no longer authorised
DeVere Group UK = unauthorised
DeVere & Partners UK Limited/DeVere Ltd = unauthorised
Devere and Partners Ltd = unauthorised
deVere Recruitment Ltd = no longer registered as an appointed representative
devere and partners (UK) limited = lapsed

Wonder if deVere clients in the UK know for sure that they're dealing with the authorised firm or, say, the same outfit but operating under a "same but different" unauthorised name in order to operate outside the regulator's oversight and wash their hands of any responsibility for misselling. They have in the past claimed to have been "cloned", with the regulator labelling De Vere Group/De Vere & Partners UK Ltd and Devere and Partners Ltd as such.
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  #178  
Old 25.10.2019, 15:21
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Re: DeVere group cold calling again.

Can add Black Tower to the list of cold calling financial services firms, passionately reaching out to help you manage your pension.

Standard cold-calling tactics apply..

Over familiar. Check.

Claims to have met or spoken with me before. Check.

Uses details scanned from my LI profile to pretend to know me and my retirement needs. Check.

Unregulated to sell financial products to Swiss residents. Checkity, check, check.

Smelly reputation? https://www.telegraph.co.uk/finance/...-millions.html

Last edited by HIAO; 25.10.2019 at 15:31.
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