
Devere And Partners
Devere And Partners Overview
The aggregated data is based on reviews and questionnaires provided by PissedConsumer.com users.
Devere And Partners has 1.1 star rating based on 2 customer reviews. Consumers are mostly dissatisfied.
- Rating Distribution
Consumers are not pleased with Billing Practices and Customer service. The price level of this organization is high according to consumer reviews.
Illegal sales in Mozambique
First, deVere's asviser convinced investors to sign up for monthly contributions that were not sustainable--and the investors did not understand that fees would be assessed on the plan based on the original amount contributed, so there would be inherent penalties if investors reduced contribution amounts. (Even deVere staff admit, in writing, to the poor advice provided by the adviser...) Second, deVere was never licensed to advise on or sell insurance products in Mozambique, and Generali Vision had also not registered its products to be legally sold within Mozambique, either.
I've brought this to deVere's attention, their so-called internal review process never finds in my favor (of course...!). I know that their practices were nefarious as well as illegal. Join me at www.dupedbydevere.com or email dupedbydevere@***.com or Tweet @Duped_Investor to get in touch and join forces, if you are also one of the duped.
I know that there are quite a few in mozambique and beyond... FYI Devere & Partners LDA is owned 99% by Devere GmbH.
- Being scammed
Full refund
Worst quality of service
Additional to what is required to invest by about 2 years. In my case, Devere sold me a product and forgot to take care about the service.
Yes, they will answer your calls, but that is all what you may get from them.
They are far from being top financial advisor they claim to be. You are a number NOT a client. They are not aligned to your financial needs. Unfortunately, my plan has had losses instead of profits in the last 5 years and now I cannot get my money back.
If you are planning to get a plan for them, I STRONGLY recommend you to go with another trusted and well respected financial institution.
- Poor communication with clients
- Poor quality of service
- Restricted support some countries
Full refund
Beware of deVere Kuala Lumpur regular savings scam
Country manager Terry Howes do not recommend any clients nor colleague advisers to place single premium lump-sum investments in to viable portfolio bonds. Instead the clients are fooled in to splitting the lump-sum single premium in to high monthly regular savings premiums with maximum length maturity periods (25years). As is the case in over 95% of these plans, the client circumstances change and either stop contributing or substantially lower the monthly contributions.
“Positive” Scenario: Client is advised to split a £400,000 lump-sum investment in to £15,000 monthly contributions over 25 years with Generali and told that the monthly contributions can be lowered after the 25.6 month initial period due to fictitious bonuses. The initial period determines the total cost of the plan ie total client cost is £384,000. After the client lowers the monthly contributions after 25.6months to £4,000 and continues paying until the 25 year maturity total contributions equal £1,481,600. The total cost of plan for client is 26% and the “adviser” received £86,400 in commission. [300mnths (25y X12mnths) X £15,000 = £4,500,000 X 1.92%]
Negative Scenario 1: Client stops contributing before 25.6months and receives £0.
Negative Scenario 2: Client contributes £15,000 for 25.6months and then stops contributing. The total cost = contributions are £384,000. Over 25 years this means an annual 4.9% deduction of capital growth ie the growth has to be minimum 4.9%pa to receive any return. When adding a 3% annual inflation over 25 years it most probable that the client receives £0
DeVere Group - Daily Mail Outs them!
'My husband and I were inexperienced investors in our 70s, looking for low-risk funds, but we believe we were put into unsuitable high-risk investments by our financial advisers at deVere in Spain.'
http://www.dailymail.co.uk/money/investing/article-232****/Pensioners-285-000-woeful-low-risk-funds.html
This is another example of this world famous offshore boiler room pretending to do one thing but doing the complete opposite. Will the FCA not open their eyes and go and have a look at what happens in their London Office? Unregulated investment advice unqualified salesmen and a global network of tax dodging advisers and companies - that is what they will find!
Illegal Immigrant worker, Unlicensed Advisor, Charlie Reeves
I have been based in the Asia pacific region for a quite a while now and I have sat down with quite a few independent financial advisors. The cherry on the cake came when I agreed to sit down with one of DeVere's financial advisors in Hong Kong.
The advisor in question Charlie Reeves clearly had no idea what he was talking about. When asking him about several fees and returns on products I later found out that the estimates given to me were nowhere close to reality. I called Generali to enquire about his "reputation" in Hong Kong and they had never even heard of him. I checked with the CIB (Confederation of Insurance Brokers) and it turns out he was not registered with them either yet he mentioned being regulated in HK.
He left me with some information on a structured note. I was appalled just by the fact that a company would send someone like that to pitch their products. Furthermore how does the Hong Kong government allow this to happen? Also beware of DeVere after considerate research it turns out they are known worldwide for their pushy sales tactics and high commission earnings.
They have been kicked out of Singapore and several other countries.
It is very important to ask them for their CIB registration number and HK ID card/number in order to avoid further confusion when dealing with this company.
Devere & Partners in Vietnam
I have worked across Asia Pacific for a long time and I am aware of this company, and others like it. Mostly because they constantly ring me week in week out looking for people to invest in their terrible financial plans that have been outlawed anywhere that is properly regulated.
I was however surprised to get phone calls in Vietnam from a lad called Richard. He had called most people in my office a few times now and is very rude when it comes to asking him about HIS details.
To anyone living and working in Vietnam, please do not entertain these people and before meeting them do some real homework online. They are in an industry that is very self serving and I am yet to meet a client of any company of a similar nature that has made any real profit for their investments.
Service = ***. Investment = disasterous
I inested with devere in August 2011. supposedly offering me investment that was exclusive to them and was 100% secure and they would come and see me every 3 months with a statement (still waiting for that).
I invested 112,000 euros. I could not get a statement or even manage to get the consultant to speak to me - he left the company apparently. I contacted the product provider direct. Investment now worth 88,500 mainly due to the charges taken which I was not told about - I thought just 4% was charged not 20%.
I do not know how to complain or get compensation. The peolpe in their Marbella office are not interested - please avoid these fraudsters!
DeVere DIRECTOR ON THE RUN FROM HK TAX AUTHORITIES
Simon Pratt, director, deVere & Partners who went to the good old USA to open offices for his great buddy & CEO Nigel Green of deVere $ Partners is now in hiding in Canada. Simon was caught in what can only be described as a compromising position with one of his staff by his wife. His wife proceeded to the Hong Kong Tax authorities with copious amounts of paperwork which implicated her good husband in Tax evasion. The HK authorities are hunting him down with the view of extraditing him back to HK. Simon Pratt skipped the boarder to Canada as they don't have any extradition treaty with HK.
Needless to say the American operation has ground to a halt.
deVere have consistently ruined people's lives, customers & work force alike, maybe it's karma coming back to haunt them.
Keep on running!!! Nigella has already skipped UK to Malta as The Financial Services Authority get one step closer.
Devere and partners QROPS
Do not think of ever giving your pension money to devere and partners. Devere and Partners id run by the likes of Nigel Green and Spencer Lodge tell you to move your pension to a QROPS.
Devere and Partners was responsible for one of the biggest scams in QROPS when they owned the scheme Beazley run out of Hong Kong. Customers that transfered their money into Beazley now sit with HMRC looking at charging them 55% of their pension for trusting Nigel green and Devere and Partners.
Their new scam is a company called Providence and is again owned by Green, the managing Director is Austin Blair a trusted foot soldier of Spencer Lodge.
Any client signing up to Deveres new QROPS in cohoots with Sovereign Trust Nigels buddies should expect to have no say over their money for the next 10 years. You have to ask Devere permission to do anything with it.
Do not trust Devere and Partners with your money they will rip your off and lie to you.
Spencer Lodge Devere PIC Scam
Spencer Lodge Regional manager for devere and partners pic is a nasty piece of work who bullies his staff, has no respect for women, has fed date rape drugs to his staff, and has zero respect for anyone other than himself.
He happily lets his staff rip off customers with not a care in the world for who gets hurt. He has his favorite staff who he develops to earn large sums of money and he then boasts around Dubai just how much money he has.
Devere and partners pic is just a hardcore sales organisation that rips of clients to buy 25 year savings plans, you will always get an FPI Premier as standard.
Devere and partners and spencer lodge attempt to destroy anyone that dares to leave them, with dirty tricks, lies and legal attacks, they believe they are above the law.
Nigel Green owner of Devere and Partners sits by knowing that his company rips people of, steals peoples money and offers 'advice' nothing short of criminal actions.
Both Spencer Lodge and Devere and Partners have been thrown out of numerous countries, fined by authorities in others, and Spencer is banned from entry in more than one country.
Authorities should run characters like Spencer Lodge and Nigel Green out of financial services.
DeVere International Partners Is A Scam!
I sat in on one of the Company Presentations.
I listened to Nigel Green introduce DeVere Partners much like Delboy would introduce Trotters Independent Traders.
Anyone with a Financial Career history... will have concerns.
Their Website is well founded to a high standard, but..it doesn't reflect the Company Services or true image & was evident in the CEO's response during Question time. Too many contradictions, mis-leading and obviously Fabricated.
DeVere is member of the Institute of Financial Services...this recognizes the company for Education Training..Only
And lastly..
Search Wikipedia...Only details Devere Hotel Group....
Be Cautious!
I recommend deVere
So far so good
Great advice
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Great that the Daily Mail has published this. Judging from the Devere Group Youtube channel, these complaints are hitting a nerve. The CEO has been posting video messages to promote the company, but also one on "the blogs".