deVere Group Reviews | Glassdoor.co.uk

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deVere Group Reviews

Updated 18 April 2018
336 reviews

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3.8
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deVere Group CEO Nigel Green
Nigel Green
245 Ratings

336 Employee Reviews

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Pros
Cons
  • The downsides are typical of those in the finance industry, long hours and high expectations (in 38 reviews)

  • Work-life balance is fairly non-existent (in 12 reviews)

More Pros and Cons

  1. "Malta Training Academy"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Development Manager
    Current Employee - Business Development Manager
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at deVere Group full-time (Less than a year)

    Pros

    Not only is it a great environment to be in, it’s extremely educational. Working with people just like yourself and wanting to achieve.

    Cons

    It’s extremely tough, deVere only want the best of the best. So they put your through you paces. A few people do drop out due to not being able to take the pressure, and I guess that’s where the bad reviews come in?

    Advice to Management

    Keep up the good work!


  2. Helpful (2)

    "Trainee Wealth Advisor (Grad Scheme)"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Wealth Manager
    Current Employee - Wealth Manager
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at deVere Group full-time (Less than a year)

    Pros

    - Learn a lot of knowledge and life skills on the job
    - Fast paced introduction into the financial sector
    - Can be very financially rewarding
    - Great team of management staff
    - Good positive office environment

    Cons

    - Hard work and Intense
    -Challenging

  3. Helpful (1)

    "Graduate Trainee Wealth Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at deVere Group full-time

    Pros

    Travel
    Commission rates
    Access to management.

    Cons

    Lack of training & support towards qualifications
    Retainer system

    Advice to Management

    Introduce a basic salary with support and training towards industry recognised qualifications


  4. "Graduate Wealth Advisor"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at deVere Group full-time

    Pros

    Great Training
    Learn a lot in a very short period
    Good Office Environment
    Good Preparation for a difficult commission based role

    Cons

    Hard Work
    Little Time to Yourself


  5. "Trainee Wealth Advisor (Graduate)"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at deVere Group full-time

    Pros

    Intense but productive training
    Beautiful location
    Helpful management & support staff
    Good sized training group
    Fast-Track style training course

    Cons

    The job isn't for everyone, deVere are very clear about this. You need to be truly driven, motivated and hard working. This isn't somewhere you can come and just 'blag it'.


  6. Helpful (12)

    "100% Not a Graduate Scheme"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Graduate
    Former Employee - Graduate
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at deVere Group full-time (More than a year)

    Pros

    Training in Malta is interesting but hard and long hours as expected. The guys over in Malta are full of energy and definitely committed to their roles.
    Relocate you to another country which makes this scheme appealing to graduates.
    When you have paid back your retainer each month you get the chance to earn decent commissions.

    Cons

    Firstly the good reviews are mostly written a few weeks into your graduate program to "help the reputation of the company". This is a pure cold calling role where you are expected to gather your own leads via LinkedIn / paying for long lists of contacts. Malta slowly gets you into the cold calling role, however, Malta claims you will be doing other tasks in the hope of becoming a wealth manager. The only other task is preparing a review for your advisor which takes 10 minutes at best. You spend 4 hours a day cold calling in a boiler room set up (although the views out of the windows are normally good!) and the advisors are a mixed bunch. Some are extremely educated and deserving of the title "Wealth Manager" while others (around 80%) don't have any financial qualifications at all apart from the basic CISI exam which anyone in the street could pass.

    Advice to Management

    Have real managers that want to succeed as a team.
    Make the coordinator role varied and interesting.
    Don't claim everything under the sun in the graduate recruitment stage and be open and honest.


  7. Helpful (7)

    "Devere group - 'Graduate' Wealth advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at deVere Group full-time

    Pros

    lol. go to malta and enjoy the weather

    Cons

    this is a cowboy firm, which helps you get qualifications which wouldnt allow you to give advice in the UK - i went out to location and saw that most advisors were averaging 20K and not the 100K they boast. TOTAL BS -

  8. Helpful (1)

    "Good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at deVere Group full-time

    Pros

    Lots of opportunities to expand

    Cons

    Long days and early mornings (not for lazy people)

    Advice to Management

    Nothing to say


  9. Helpful (16)

    "Financial Coordinator"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at deVere Group full-time

    Pros

    Malta training - you're pushed hard in the training period, long days with an early start. If you take the training seriously it can open your eyes to how much more can be achieved in a productive day.
    If you want a fast introduction to aggressive B2C sales, you will certainly get it here.
    CEO is savvy and has created more opportunities for employees to make revenue.

    Cons

    There will be no training provided once you are on location.
    95% of the consultants across all locations are under-qualified and subsequently giving shady advice often on customers life savings.
    Double standards between coordinators and consultants - consultant job significantly easier than coordinator, yet the commission is much higher. Consultants rely on coordinators to create business but offer little in the way of support.
    Sexist and Chauvinistic working environment.
    On location retainer/salaries are extremely low and promises on pay e.g. half of your accommodation paid for, are held over your head like an incentive, they aren't guaranteed.
    The company requests Malta graduates write glassdoor reviews on site creating a false sense of security to potential employees.
    This is a telesales job - 100+ calls a day, don't be conned into thinking you will be a finance professional within 18 months. The financial knowledge around the offices is fairly abysmal outside of a handful of senior figures who are based in Malta.
    A pyramid scheme.

    Advice to Management

    Be more transparent and offer greater support across the whole board.


  10. Helpful (5)

    "BDA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at deVere Group full-time

    Pros

    - Great people and culture

    Cons

    - There is a certain level of deceit

    Advice to Management

    Take advice from those around you on all levels


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