Need a little help..
Discussion
Hi all, I have been working as a self employed travel agent for the last 18 months but as it's not really worked out, I recently placed my cv on line via an agency.
On Tuesday I was contacted (via email) by the deVere Group with the possibility of becoming a financial advisor in one of their 69 offices abroad. Having responded to it, I have confirmed that I'll attend a group presentation with them in a few days.
Do any of you kind folk have experience of this company? If so, please pass on any relevant advice or tips.
Many thanks.
On Tuesday I was contacted (via email) by the deVere Group with the possibility of becoming a financial advisor in one of their 69 offices abroad. Having responded to it, I have confirmed that I'll attend a group presentation with them in a few days.
Do any of you kind folk have experience of this company? If so, please pass on any relevant advice or tips.
Many thanks.
I've had experience of this company here in Dubai. Obviously I don't want to say anything bad about a company on here in case I get arrested or something, but if I met one of the 4 or so people that phoned me 3 times a day for about a month, who were both rude and aggressive on the phone, I would happily slap each one of them till they cried.
Have met a few people who have worked there.
As I understand from people who work there it's essentially a sink or swim hardcore sales role with no or very low basic salary, halfway around the world, where you'll be selling financial products of dubious benefit to people who don't really understand them.
They are legal, as opposed to various boiler room operations run on similar lines, but they are not a company I would want to be involved with.
As I understand from people who work there it's essentially a sink or swim hardcore sales role with no or very low basic salary, halfway around the world, where you'll be selling financial products of dubious benefit to people who don't really understand them.
They are legal, as opposed to various boiler room operations run on similar lines, but they are not a company I would want to be involved with.
Thank you all for the responses, very much appreciated.
When I posted this last night, I kinda guessed what the reaction would be and you've confirmed it. They pointed out that it would definitely entail a move to somewhere like Dubai (as mentioned) which would mean I'd have to rent out my home, put loads of stuff in storage and sell the TVR etc. Things that I'm not really keen on just now.
I suppose I was flattered to be approached and I may still attend the presentation- perhaps just to discover the renumiration package.
Many thanks again.
When I posted this last night, I kinda guessed what the reaction would be and you've confirmed it. They pointed out that it would definitely entail a move to somewhere like Dubai (as mentioned) which would mean I'd have to rent out my home, put loads of stuff in storage and sell the TVR etc. Things that I'm not really keen on just now.
I suppose I was flattered to be approached and I may still attend the presentation- perhaps just to discover the renumiration package.
Many thanks again.
Quick update as I found this webpage: http://devere-group.pissedconsumer.com/devere-grou...
and it clearly reflects what contributers have mentioned.
I have since emailed my contact at the company to state that I shall not be attending the presentation. It somehow reminds me of those Timeshare scams in the 1980's.
I guess I've been a bit naive. Still, giving good advice is what this website's good at so thanks again.
and it clearly reflects what contributers have mentioned.
I have since emailed my contact at the company to state that I shall not be attending the presentation. It somehow reminds me of those Timeshare scams in the 1980's.
I guess I've been a bit naive. Still, giving good advice is what this website's good at so thanks again.
Hi Eric, yes they do but during my telephone interview with the company, they stressed that to understand the selling of financial products here in the UK could lead to having to consult a 50+ sheet dossier. Meanwhile in somewhere like Dubai, the rules would only run to 6 or 7 pages and 'sellers' can virtually do what they like.
There's a blatent lack of regulation in places like that and my (new) understanding is that there are certain institutions who are keenly exploiting this..
There's a blatent lack of regulation in places like that and my (new) understanding is that there are certain institutions who are keenly exploiting this..
kenny Chim 4 said:
There's a blatent lack of regulation in places like that and my (new) understanding is that there are certain institutions who are keenly exploiting this..
Assume therefore that you think regulation makes things better? Those watching the banking crisis (which was regulated), hospital crises (eg mid-Staffs) (which was reulated, as was most of their staff) and the general lack of competitiveness from of operating in the UK that many attribute to over-regulation may beg to differ.On the other hand, having non-qualified, non financially literate salesmen selling products that are not appropriate for their targeted customers is not a great idea - we have seen the consequences of that unfold in this country over the past few years. Having a poorly regulated free for all system is also a recipe for disaster - a disaster we are actually living through at the moment and which affects millions of people.
So no regulation is not good and over-regulation is also not good; seems though that the middle ground (just the right amount of regulation), eludes us time after time.
I note the requirement for IFAs to now be qualified; will our investments perform better as a result we may wonder? Were things really that bad prior to regulation and the need to do exams? Will this eliminate wrong-doing from now on?
Nothing personal here to anyone; it's just a fascinating subject I find.
I note the requirement for IFAs to now be qualified; will our investments perform better as a result we may wonder? Were things really that bad prior to regulation and the need to do exams? Will this eliminate wrong-doing from now on?
Nothing personal here to anyone; it's just a fascinating subject I find.
It's hard to say. What we do know for sure was that POOR reggulation and ineffective regulation and no regulation definitely was not good.
Time will tell if better trained personnel and vetted personnel will do a better job than the more or less free for all that existed beforehand.
Regulation, monitoring of standards, santure against wrongdoing does, more or less, work in most professions.
Time will tell if better trained personnel and vetted personnel will do a better job than the more or less free for all that existed beforehand.
Regulation, monitoring of standards, santure against wrongdoing does, more or less, work in most professions.
Eric Mc said:
Regulation, monitoring of standards, santure against wrongdoing does, more or less, work in most professions.
Less these recent failures (amongst others):1. Banking.
Bankers have made an astonishing mess of the financial system. However, this was a failure not only within individual banks but also of the supervisory system designed to protect the public from systemic risk.
Banking Crisis: dealing with the failure of the UK banks. Published on 1 May 2009 by authority of the House of Commons London: The Stationery Office Limited
Available from:
http://www.publications.parliament.uk/pa/cm200809/...
2. Healthcare professionals.
The (Mid Staffordshire) Inquiry raised questions over the role of external organisations. Recommendation 16 of the report recommends a further Independent Inquiry of the commissioning, supervisory and regulatory bodies.
The Mid Staffordshire NHS Foundation Trust Inquiry. Independent Inquiry into care provided by Mid Staffordshire NHS Foundation Trust. January 2005 – March 2009 Volume I Chaired by Robert Francis QC. Published 24 February 2010 HC375-I Session 2009/10 ISBN: 9780102964394
Available from:
http://www.dh.gov.uk/prod_consum_dh/groups/dh_digi...
3. Health & Safety Executive.
The Health and Safety Executive – in charge of the integrity of fracked wells – neglected to perform independent analysis of US frackers Cuadrilla, who have designs on Lancashire, Sussex, Kent and Surrey. Instead they relied on the company’s own reports.
BBC Newsnight: fracking regulators inadequate
Available from:
http://gasdrillinginbalcombe.wordpress.com/2012/03...
4. OFGEM.
Watchdog Ofgem blamed for failing to introduce code of practice for energy suppliers.
Regulator Ofgem’s failure to introduce or endorse a code of practice for energy suppliers and brokers is causing confusion, say experts. Some firms are being trapped in long and costly contracts Business groups have long called for a code of practice to regulate how suppliers and brokers deal with businesses. It comes amid ongoing concern that some firms are being trapped in long and costly contracts due to dubious tactics.
Available from:
http://www.thisismoney.co.uk/money/bills/article-2...
5. The Tenant Services Authority.
Regulator failed to act on fire register pledge. The Tenant Services Authority missed all three of its self-imposed deadlines to compile a fire safety register it promised to set up but later abandoned. Internal documents from July last year obtained by Inside Housing under the Freedom of Information Act also show that the regulator admitted it risked embarrassing itself in front of tenants, the housing sector and its new political masters by reneging on its promise.
Available from:
http://www.insidehousing.co.uk/news/safe-as-houses...
Nothing is ever perfect. But I know from my profession that individuals are punished on a weekly basis by the governing bodies. It doesn't stop every incidence of bad behaviour, but it should be deterrent enough for most of us.
Just because something isn't 100% perfect does not mean it is not worth doing.
Just because something isn't 100% perfect does not mean it is not worth doing.
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