Devere-group

theorphan

Hi,
a friend of mine has been approached by the devere group to go for an interview. he has aleready had the informal chat and has been promised £150,000 a year tax free for selling investment policies to expats in moscow. he has no financial background. everything is commissioned based (no basic pay) and you have to front up your own money for accommodation and flights. has anyone heard of this outfit. it sounds dodgy to me but i was wondering if anyone else had any dealing with them.

Mrs OBumble

I've never heard of 'em. But in general, if it sounds too good to be true, then it usually is.

theorphan

thanks, your right, i done a bit of digging around myself and by all accounts they are as dodgy as they come. they are recruiting over here at the moment. all is not as they promise and you could find yourself high and dry abroad with empty pockets.

Delancey

It really does sound dodgy - a bit like a ' boiler room ' operation.

endabob1

Devere are a massive organisation but like a lot of financial services, selling policies tends to be a commission only basis so unless you know what you're doing and/or have a lot of confidence in your ability to sell I would be wary, nothing wrong with the company per-se though

bank01

I used to work for them. We started as a group. They paid your hotel and free lunching etc. We all passed the exams that were provided at the end of the training courses in Malta.

All of us split to the different region offices across Europe. No support from manager, the investment solutions that you tried to sell to the potential clients almost 'impossible' stuff to sell. No one is really wanted to buy it. You had spent a tons of cash to support you to pay for the living cost - accomodation - food / drinks to survive. Even though, tea & coffee at work or even drink water or even printer toner - you must paid!! these are not FREE!!! you ended up BROKE!! WITH NO INCOME COMING IN because you were trying to sell something that impossible to sell!!! with COLD CALLING 'BRUTAL AND AGGRESIVE' techniques which wasn't mentioned in the training course.

Then I sold 3 products in my 8 months within De Vere Group - with commission rate ariound €4000 after tax AND after with the company 1 AND 3 MONTHS later...I STILL DID NOT RECEIVE MY COMMISSION!! they always delaying or making excuses that the payments went to different office hq etc etc etc

I decided to leave with my personal debt running high and BROKE!! UNBELIEVABLE COMPANY!! SCAM!! SCAM!! SCAM!!

NOT JUST ME!! NO ONE OF THE PEOPLE THAT I KNOW IN THE TRAINING COURSES THAT STILL LEFT BEHIND WORKING WITH DE VERE GROUP. ALL OF THEM ARE GONE!!

Irish_Elect_Eng

https://www.devere-group.com/career/advisor.aspx

Company is genuine, I know of one individual with a successful career with de Vere, however he does NOT work as a front line financial advisor, so I cannot comment on that role..

murra

Sorry to bring back up the thread but I got a phone call from deVere yesterday to go for an interview in London at the end of the month.

Does anybody have any info on their graduate programme, surely that cant be commission based?. The lad I was talking to from deVere was saying how good of a programme it is and how much money i will be earning etc etc, I'm yet to find any feedback on the grad programme so I dunno what to do.

Any info would be much appreciated as I dunno whether to go to the interview or not.

Cheers

theorphan

Hi,
it was my brother that was looking into working for them. he asked around and looked into the company and the promises they were making him were nowhere near the truth. the commissions were not as good as first told and they are made by cold calling lists of numbers that are passed around. he stayed well away as he was also told that he could be left high and dry in a foreign country with no money if things didn't work out.

i would proceed with caution.

Jim2007

murra wrote: »

Sorry to bring back up the thread but I got a phone call from deVere yesterday to go for an interview in London at the end of the month.

Does anybody have any info on their graduate programme, surely that cant be commission based?. The lad I was talking to from deVere was saying how good of a programme it is and how much money i will be earning etc etc, I'm yet to find any feedback on the grad programme so I dunno what to do.

Any info would be much appreciated as I dunno whether to go to the interview or not.

Cheers

This is a company that is well known in financial circles for trying to sell financial products to expats in countries where they are not authorised to operate. They do most of their business out of hotel lobbies, pubs and out of the way places...

Having them on your CV is a definite no-no, if you want to be taken seriously by other employers going forward.

Jim2007

So are the chickens starting to come home to roost -

Up to $50m of deVere client money trapped in suspended UAM fund

So the Group were advising clients to invest in a fund on which the investment advisors were in fact owned by founder and chief executive Nigel Green of the severe Group!!!

Like I said probably not something you'd want to have on your CV!