How is deVere Group’s rated by clients?
deVere Group’s earns a 1.9-star rating from 22 reviews, showing that the majority of clients are dissatisfied with financial advisory services.
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Scam
So, you’ve been recruited by a so-called independent offshore recruiter and he promised you a world of fame and riches. You can’t resist and you are on your way to a presentation in Knightsbridge for one of the biggest Offshore Financial Advisers in the World. It’s a dream come true.
Now, it wouldn’t be fair to tell you everything at the presentation. You might be told enough to get your juices flowing. Most of the fine details arrive when you get to your destination.
But behold. I can help. Here is a guide based on information recorded during the ‘Offshore Adventure’:
Self employed-of course
Commission Only-naturally
You will need to find and pay for all your travel and accommodation
You will receive roughly 50% of the commission, but of course, this doesn’t include any over-ride, so in reality, you will be lucky to get 40%.
You normally pay your co-ordinator 20% of the commission (whether you have one or not!)
You pay for 50% of your coordinators accommodation-although this might be shared by a couple of advisers so 25% each
You pay an additional 5% of you commission away in the first few months until you bank 60K to repay your training costs
You pay a further fee from your commission to pay for the office costs such as telephones and paper etc
You will be expected to find data, i.e. names of people to call and then cold call them if you don’t have a coordinator
You will have to bring your own laptop
Your destiny is in your hands-of course
This is based on information obtained in 2009 and therefore, may be subject to change without notice and is a guide only.
The commission structures vary considerably amoung firms but one thing to consider, you will almost always be commission only and self employed and rarely do you get a cut of the full commission the firms recieves, no matter what they tell you….
This review was chosen algorithmically as the most valued customer feedback.
Warning
If you have ever purchased a product through this company then I STRONGLY advise you to check the advise you were given with the product provider. In particular check the fee structure is as advised and the terms and conditions. If you havent purchased through them then my advise is don't. Avoid them like the plague. I purchased an international plan and...
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Overview of deVere Group complaint handling
deVere Group reviews first appeared on Complaints Board on Apr 29, 2010.
The latest review RL360 was posted on Jun 27, 2023.
The latest complaint Unethical business was resolved on Jun 28, 2012. deVere Group has an average consumer rating of 2 stars from 22 reviews.
deVere Group has resolved 5 complaints.
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deVere Group emailssydney@devere-australia.com.au100%Confidence score: 100%Supportgeorge.prior@devere-group.com93%Confidence score: 93%
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deVere Group address281, Seefeldstrasse, Zurich, New South Wales, 8008, Switzerland
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deVere Group social media
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Checked and verified by Andrew This contact information is personally checked and verified by the ComplaintsBoard representative. Learn moreJun 30, 2024 - View all deVere Group contacts
deVere Group Category
deVere Group is ranked 84 among 736 companies in the
Investment, Insurance and Financial category
Recent comments about deVere Group company
Evidenced mis-selling, refusing to accept the complaint3
This is a familiar story. In the portfolio of my fasmily ws also a...
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Join us on Facebook 'Financial Ruin'
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Join us on Facebook - 'Financial Ruin' and submit your evidence as we have done.
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I second this as an ex employee.
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Absolutely true. I dealt with a Senior Partner in Frankfurt - he ha...
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Alledgedly Devere have the highest turn over in staff ever known to a leading uk HR company, never judge a book by its cover
And don't think that you shall be trained in 'financial consultancy'. In fact, don't think that you shall be trained or developed in any shape or form at all. There is of course a five day 'script learning' course