deVere Group reviews

3.6

76% would recommend to a friend

(983 total reviews)
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Nigel Green

85% approve of CEO

81% positive business outlook

deVere Group has an employee rating of 3.6 out of 5 stars, based on 983 company reviews on Glassdoor which indicates that most employees have a good working experience there. The deVere Group employee rating is in line with the average (within 1 standard deviation) for employers within the Finanza industry (3.7 stars).

Reviews by job title

983 reviews
1.0
Jan 6, 2016

Horrendous

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

I have not one single good comment about this company. It is an absolutely awful, dishonest, delusional mess with no standards.

Cons

I worked in the middle east office for less than what you could afford to live on - wages didn't even cover rent. This is a company full of uneducated 'financial advisors' (sales people) who use the likes of Bloomberg app to educate themselves enough to blag their way through a pitch. Some complete the minimum basic exams, but for the most part they know nothing about finances other than which savings plan will earn them the most commission, with a wide spread attitude of your money is better in their pocket than yours. 'Management' are given the title based on how much money they've earned in the past, not their actual suitability to the job. So should you have an issue you wish to escalate, you will be passed to someone even more dishonest than the last. The customer service department are not there to deal with complaints or offer any kind of help, they are there specifically to catch missed sales of existing clients after the first advisor has pocketed their commission and all of a sudden can't be reached any more. Apart from the dishonesty and ruthlessness of the whole company, the most infuriating thing is that these people actually think they have some sort of entitlement to clients money. Before they've even met with a prospective client, they're counting their commission and planning how to spend it. The disregard these 'advisors' hold for people and their hard earned money is unbelievable. The way they treat their staff is incredible and I guarantee these 'managers' would NEVER be given a position in any respectable company. My advice to anyone looking to take up employment with this company is to be extremely careful, if you are the dishonest sales person looking to feel important and pocket a lot of cash at the expense of a family man handing over his savings in the hopes of a better future - this is for you, however, don't believe all the promises they make. Many of the 'financial advisors' wearing tailored suits and groomed to perfection are living in construction prefabs in the middle of the desert - really hit the big time! The months I spent here were honestly some of the worst, pathetic little people trying to strip your confidence and scaring you into accepting this kind of treatment. If you have any respect for yourself, or indeed respect for other people you should stay away from this absolute deluded world these little boys have created for themselves.

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deVere Group Response
10y
Thank you for your feedback, We are disappointed that your experience at deVere Group wasn't a success. Working in financial services isn’t for everyone, but for those who work hard and offer sound financial advice, it can be a very rewarding career. Good luck in your next adventure.
1.0
Aug 28, 2017

Graduate scheme with the deVere Group

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- You get to see nice cities - then again you are better going to these places as a holiday as it would save you more money than working for this company. - you really get to test your patience and tolerance working 12 hours on 3 hour sleep and then constantly getting told you are rubbish at what you are doing. - Its challenging workload and once you complete it you really feel like you have achieved something working in a hostile environment.

Cons

- The attractive salary you see of £25,000 is a complete lie. This job is commission based and you get a retainer of about £850 a month where you have to pay the company back after you get your commission and IF you get your commission. The retainer is illegal to do in the UK which is why deVere don't recruit in the UK. - Management are unprofessional and have their favourites from the start - wear short skirts and cake up on make-up they will love you. - Management swear at you, demotivate you to see if you break- if you do you are out. - If you have £5000 saved up and a family willing to support you working long hours without getting paid then go ahead with deVere otherwise you will have no money to pay rent or bills let alone feed yourself. - This company needs people who have no morality or any code of conduct to work for them. They are all corrupt. - If you like stalking people on social media to get their phone numbers and emails and cold calling them begging them to come to deVere then that is all you do. Cold call and stalk people which believe me is time consuming and draining when the client picks up the phone and tells you how much they hate deVere. - I went with this graduate scheme reading all the bad reviews about deVere and believed that everyone has their own individual unique experiences but EVERYTHING these reviews said proved to be true.

3.0
Sep 9, 2016

Graduate Programme 2016

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

1. Incredible work ethic instilled to employees throughout the 6 weeks programme makes you realise what you're capable of within the work related arena returning to the UK's 9-5 hours after Malta seems like you're working part time. 2.Opportunity to live and work within Malta all flights and accomodation and transfers to and from the office and airport and meals during the first week sorted for you all of which ran impeccably which was some achievement given the amount of graduates on the course. 3.Oppurtunity to work in anyone of 72 offices post Malta which generally all are open given you meet deVeres criteria at end of the 6 weeks. 4.Gain a professional qualification in the form of your level 1 in CISI 5.Truly meritocratic environment some of deVeres most succesful employees are in their 20s and have been promoted/gained clients purely through their own means. Promoting individuals who are good enough regardless of age or experience/qualifications(could also be a negative) 6.Very hands on CEO(again could be a negative somewhat of a marmite character and divided the grads) 7.Earning potential truly is colossal all the senior managers and consultants are very transparent with their earnings and we also were sent figures every week there are employees out in the field earning truly vast sums of money far more than anything advertised in the city.

Cons

1.THIS IS A COLD CALLING SALES ROLE!!! I was aware that the role was sales based as most IFAs are ultimately salesmen who go out to attract new clients. The majority thought that the role would be much more technical due to professional qualifications and being within financial services. 2.One or two individuals polluting the office culture which truly needs to be cleaned up casual sexism,racism and homophobia throughout the training period. 3.Respect graduates more making graduates do press ups and putting bags on their heads for asking 'stupid' questions,i thought i was joining the worlds largest financial consultancy, not the parachute regiment. 4.Very inconsistent ranking of graduates, being given poor ratings for having a rubbish suit or a poor selection of ties. 5.Setting unrealistic targets during training encouraging making yourself physically ill when mining for names through getting 2-3 hours sleep per night in order to gain more points and a higher ranking than whoever is sat next to you.(some may see this as a positive and it may spur them on but 99% would be put off by this) 6.Taking on too many graduates and not having enough data to complete certain rotations of the course being sat for a week cold calling the same numbers or random companies and pitching products to them. 7.Retainer payment far less than minimum wage 1100 pounds a month for 70 hour weeks works out at £3.90 an hour without including the hours of mining outside of office hours.

Viewing 31 - 33 of 983 Reviews

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