02072454429

Evening Old Bloke. What do you know of De Vere Monaco?
https://whocallsme.com/Phone-Number.aspx/08700040044
Thank you

De Vere Monaco doesn't look as if it's related to Devere and Partners. It's clearly named after the owner. Type his name into Google and you find this: http://www.deverepublishing.com/

"Devere" sounds distinguished. Adding "and Partners" or "Group" adds an impression of solidity. It's all about creating the right impression.

Glad it was of use. Here's more: http://www.dfi.wa.gov/sd/scamsbrochure.htm
See these points in particular:
• Don't trust a stranger that calls and asks for your money. … Con artists make their living by being friendly and sounding honest.
• Is the person you are dealing with trying to make you feel guilty? … Are they trying to make you feel silly or stupid? "… Or how about greed? Remember that it is your money. Don't let anyone pressure you into investing in something before you have time to check it out.
• Beware of promises of high rates of return and/or quick profits with little or no risk.
• Anyone using high-pressure tactics … is almost always selling a scam or fraud. He or she doesn't want you to think about it or check it out.
• … Don't sign anything or make any commitments until you understand what you are purchasing. [i.e. understand it based on your own research, not based on what you're told]
• Do a thorough background check. Bear in mind, however, that even printed material can be forged, or falsified.
• Don't feel indebted to someone who gives you "unsolicited" financial advice. Free financial advice is probably worth what you paid for it, and may cost you a great deal. It could cost you your life savings, retirement fund, or your house.

Above all, don't think you're too clever to be conned.

Here is Devere guiding its clients towards funds from one of the companies in which Devere's owner is a partner (see above):

"The Valais Diversified Fund, provided by Swiss-based Valais Investment Management SarL, is one such fund, which exploits particular characteristics of price behaviour to capture market trends. Comprising of the QIM fund, the Tulip fund and the IQS fund, it has shown up to 32% return in a year and delivered consistent gains in the last seven years."
(From Devere's 2010 Investor Insight brochure)
http://www.devere-group-investorinsight.com/pdf/investor_insight_q1_2010.pdf

I went for an interview with this company ages ago. I now work overseas but not for devere.

Reasons to be suspicious:

1) They dont pay for your airfare.
2) you have to pay your caller?!!!
3) You have to pay for your accomodation
4) You get no basic salary.

any job that is based on this format is dodgy. They have no downside or risk which suggests YOU are Expendable and replaceable.

ps. Do not fall for the dream they are selling you. And the people who are pedalling the idea that you just have to work hard to earn shedloads are just as guilty as the advisors ripping people off. It's scandalous that people give up their jobs and then get into debt because the dream is in fact a nightmare. The old adage rings true, if it seems too good to be true, it probably is...

If in doubt ask to speak to someone who has worked in that office for 6 months! If the company is legit it shouldnt be a problem. However, unlikely an individual would lie through their teeth if they end up meeting you when you come out to work there!!!

Just received a call from an Irish recruitment representative for DeVere Group. The Irish number for them is 01 234 2688, as they left a message before reaching me. It appears to be legitimate, I guess. In terms of the accomodation overseas, the representative said DeVere'd pay up to 300 EUR per month.

Cold-calling can be an offence in Ireland:
"If the call or message came from within Ireland, you can ask the Data Protection Commissioner to investigate it."
http://www.consumerconnect.ie/eng/Hot_Topics/ ... -junk-mail.html

Hi Old Bloke,

I've read with interest your well-balanced comments. Thanks for your time!

I've been offered a Consultant role with deVere in Marbella and have agreed to attend the 4.5 day course in Malta. No further commitment on my part so far.

I bought the ticket but would not hesitate to cancel the trip if I thought that it is likely to be a waste of my time. My idea was to attend, to ask questions, learn something new about the FS sector and the products, and to benefit from the "very effective" sales techniques on display that deVere has promised. I thought that after the course I'd have a much better idea about whether this is the right thing for me or not. I'm about the same age as you, have over 20 years senior level experience and lots of qualifications. I entered in to this as a sceptic and remain so.

I have two questions that I'd be grateful if you could answer:

1) is the course a total waste of time, as some ex employees of deVere seem to be suggesting?

2) I have had senior B2B business development and marketing roles, selling my clients what they needed to add value to their businesses. However, I have never/would never want to get into any misrepresentation, mis-selling or pressure selling ways of making a living. Given that I have zero FS experience, and reading between the lines, is that what I would need to do in order to make ends meet in deVere?

I look forward to your reply. Regards

Can anyone of who's attended please let me know what the course is like? Is it any good &/or useful? I've seen some posts referring to the "lecturer" as illiterate, clueless etc.. True?
Thx

Anyone worked as a co-ordinator with them NOT as a IFA?

Been offered an interview with them for that at a meeting in Birmingham in 17th June, however some of the horror stories on here are horrid! :-/

potentialIFA

The course teaches you a selling two close script and not much else on the techinical side.

Ethics are a personal thing so nobody is forced to lie but you will not have the techincal knowledge to back it up and there lies the rub, so best intentions is no real excuse here in my book as you are playing with peoples money. Look at it this way, do you understand investment funds in detail? If no then how can you advise anybody truthfully. That does not mean you can't sell or couldn't make a success of the venture. I hope you see what I mean.

Me

I hope the last post to "potentialIFA" helps. It is a pitch only about finding facts and then getting to closure for the second call. Think of it as an actor learning their lines and if you fluff your words they do not like it. It is to make a "non expert" in the subject into a forceful bully.

I was and still am shocked about the training it was total crap, a lot of the lectures you have to record, I still have mine on the dictation machine. The phrase was used about "stuffing it a clients jumper", make of that what you will!

Leon A

You will be the meat in the sandwich my friend. I knew of one really good and high earning co-ordinator but she left after 12 months as could not stand it, she made about £30K in truth. For the Irish forum members, DVP love the Irish, gift of the gab and because work is scarce but same comments apply, but I think that an Irish co-ordinator works well in terms of making appointments.

Old Bloke
Many thanks.

Thanks OldBloke, I'll think i'll give this 'company' a miss then.

£30K in 12 months?! Not bad. Guess she didn't get to keep all of it, then. Seems to make sense to take what you learn and set up your own business. But guess not many can make a go of that.

I wonder who owns this company in Switzerland
http://www.uam-sarl.com - any ideas....???? it couldnt be

I would agree, it is not a Swiss derived fund as it relates to bond structures and platforms. That being said it does not mean it is not a good fund to be fair.

BobR

I would agree and there was no problem in payment but I guess the role was no longer enjoyable and this is very much the exception from what I saw.

Setting up on your own yes an option but only when you are established and know your trade and as attached article shows can lead to problems

http://www.international-adviser.com/article/ ... s-over-aes-move

I know nothing about the case and the merits but shows a hardening of attitude or a specfic case that should not be taken lightly unless you have deep pockets.