Welcome to Holborn Assets Community
Holborn is a global wealth management company, with head offices in Dubai, UAE. Recognized as the favoured Financial Services Company in the UAE, Holborn has been known for employing a client-centric approach to ensuring future financial stability to customers and their beneficiaries. Engineered to deliver premium quality service and advice to clients, Holborn helps ensure that the client will have money put in the right place at the most appropriate time. Delivering flawless execution of various financial planning and management services, Holborn Dubai caters to the 80% UAE expat population. The company observes a firm set of business principles to provide its roster of services with complete integrity and respect for all. Without overstepping boundaries, Holborn advisors adhere to a strong business concept that helps them provide the highest standards of financial planning while adhering to established international standards.
Latest review first
Holborn Assets - Holborn 'Rip Off Merchants'
Through mis-management and additional, unauthorised fees taken via a bad practice known as 'Churning'. This is where funds are moved from one portfolio to another, purely to earn additional commission for the company. This company has reduced the value of my hard earned pension portfolio by around 40k sterling. To make matters worse they have chosen not to respond to four emails sent to complain - two of which we for the attention of their CEO Robert Parker. If you are a client - I urge you to review your portfolio status and charges. If you are considering being a client - my strong advice - don't do it. My next steps are to contact the relevant regulatory authorities as I am determined to either receive compensation for my loss or at least make as many people aware of their schemes as possible and hope that I can stome someone else becoming a victim of their shady practice.
HOLBORN asserts £56000 to zero in UK pension lost less than three years after following HOLBORN Assets advice
Hi John Apologies I thought I had come back to you on this, but checking my email I have not. I have been back to both IVCM your SIPP provider and Old Mutual the underlying platform provider. They have confirmed that the AMT futures fund manager charged a 5% penalty on the original investment amount resulting in a penalty for withdrawing from the fund of GBP2,436, this 5% penalty does not decrease over time (as would be normal for a mutual fund) and was for the whole term of the investment within the AMT fund. This 5% charge plus the penalty charges and already overdrawn position on the Old Mutual Bond resulted in a negative balance on the overall bond of minus GBP2437 which technically was owed to Old Mutual. Old Mutual have written of this ‘debt’ and therefore there is nothing left in the pension account to be paid to yourself (but also no debt to Old Mutual). I have seen the recent press about Holborn but do not know any more information than yourself at this point. The above is obviously not what you wish to hear but, let me know when you are next planning on being in Dubai and we can organise to meet and I can try and help you in anyway that I can. Kind Regards ( name withheld as case is sub judice ) Wealth Manager
Holborn Assets - Review in Financial Services category
Do not deal with Holborn assets I lost 80 k a big chunk of my savings it ripped my life apart and with no remorse the financial advisor got his commission.Don.t touch this company with barge pole.Holborn has a duty of care to its customers so do the right thing to stop people's lives being ruined and pay back my life
Holborn Assets in Jeddah, Makkah - No customer service ,untrustworthy business practice
before you sign with holborn assets they call you almost every day but when you sign you don't have to be worry any more that they call you and if like in our case we are losing big time money with them and you sending mail or call no one answer i send even to the top management mails and no one answer not Mr.Parker ,Mr Leahy both are managing directors when you call you can maximum reach Mr.Parkers PA the person who make the deal with us he never answer any mail or call he is going somewhere his phone is with allays with his PA the customer care Director Mr. Caleb he also not answer any mail we are very disappointed with Holborn Assets not only because losing a lot of money ,even more that no one care in this company its more dishonesty
Holborn Assets Pension Agreement Review from Bitem, Catalonia
Holburn Assets...please steer clear....moving my 4 UK pensions offshore they have lost me £10000 + already....and thats before they have even been invested ....and they dont care...and high level management fail to reply to my emails
I met with an advisor form Holborn assets. I already had an advisor but he said I should have an Audit done every few years, it seemed to make sense. When we met he was really nice but made me feel really scared over the charges and the fees my current advisor was taking, I signed some paperwork as he said it was just an audit and he had to look. The next day My other advisor phoned and said my account had been transferred. I was shocked my advisor came down and explained everything to me and that they had no way of *** an Audit, they were in direct competition to them and that they would turn round and add fee's on. After a week Holborn phoned and said that the previous advisor was charging 2% per annum and that they would only charge 1% per annum. And recommended a load of fund switches. I called the providers direct, the provider confirmed my initial advisor was not charging any annual fee, that this had already been paid in advance and that there was no 2% per annum. the provider said that this was a trick being used to take clients away from other firms and start charging them a fee. It turned out the funds they wanted to switch me in were all commission paying funds away from the low charging tracker funds I was in. This all seems a little underhand. Why cant advisors just be honest. Hence to say I have gone back with my original advisor as I trust him and not these people who pretend to be friends, cast doubt and then start to charge.
Holborn Assets Investments Review
Reason of review
Poor customer service
Holborn Assets - Message for UK Expats in UAE, Beware Paul Reynolds
This posting will deal with facts. All UK (and other) Expats in the UAE MUST read this - https://www.fca.org.uk/news/fca-bans-and-fines-paul-reynolds-for-misleading-and-unsuitable-advice Mr Reynolds has received a life ban from the UK regulator the Financial Conduct Authority and a personal fine of almost £300,000. Yet where is he now? Providing financial advice to foreign nationals in the UAE, working for HOLBORN ASSETS. So why has he been employed in the region. This from Bob Parker, the MD of Holborn Assets, when the story broke - http://www.international-adviser.com/news/1019981/holborn-adviser-uk-ban-unsuitable-ucis-recommendations. This is rubbish. The 'defence' from Mr Parker omits to mention the financial standing of the clients, the poor state of health of some, and the fact that Reynolds was involved in the (alleged / now proven by the FCA) falsification of documents. These serious investigations were underway when Reynolds moved to the region. The appeal lodged to the FCA was withdrawn when he (Reynolds) was employed by Holborn Assets. So why is he still working there. It can only be the case that some firms in the UAE do not look closely enough at new advisers they take on and are quite happy to turn a blind eye to past serious misconduct provided the new adviser (Reynolds in the case) can write large quantities of high commission earnings business. This is only my personal view but given that Mr Parker espouses Christian values what other answer can there be? One final point - Holborn Assets have a UK FCA authorised firm with two offices in the UK. Isnt it interesting that the Parker family resigned as directors shortly before the Reynolds appeal was withdrawn?? UK (and other) expats in the UAE you have been warned to be on your guard.
Holborn Assets - Investments Review from Dubai, Dubai
Holborn Assets seem to have a lot of complaints on here and I have been directed to this site by my adviser who works with them. I have used him and Holborn Assets for at least ten years now and I have to say that I am very, very satisfied with them. There was one incident where I thought that the fund advice I was given was dubious and I demanded a meeting to explain why my investment was suffering. I was met by not only my adviser but also a rep from the investment company and also one of the board members. I have to say it was explained and dealt with efficiently and professionally. I took their advice and rode the storm, only a year later the fund recovered and I was on my way. I have read a few reviews on here about Holborn Assets in Dubai and South Africa - where I am from - and I can tell you that there are some sad people out there that just want to destroy the competition in the most cowardly fashion possible. My experience with Holborn Assets has been excellent, and also my friends whom I recommended would say the same. My advice is meet with your adviser and ask him or her whatever is on your mind. Don't dismiss this company over a review on a site with a name like this. This is your livelihood you are dealing with.
Holborn Assets in Doha, Ad Dawhah - Endless cold calls to hawk their stock garbage
Great to see Holborn staff in here trying to paint over the damp. Today I've had four missed calls from Holborns 'London' number. I had three unsolicited calls from them last week. Each time I requested bluntly that they stop calling, but the calls don't stop. I was duped by this ilk when I first arrived in Dubai, and now have the pleasure of letting them lose me money for the next 18 years. Here's how they work. They look at your income and assess what the maximum monthly instalment is that you can sustain. Then they lock you into 18-36 months of making that high payment. In return you get 'preferential benefits' like being able to take a month off when you're destitute. I've got a friend that works for one of these companies, and he assures me the first 18 months you're paying straight into the reps pocket as commission. If you're incredibly lucky, the funds they sell you will break even, and you'll just lose the exorbitant fees they charge. Take the advice of someone that has lost over $15,000 with these jokers: you're better off investing in flea market pottery.
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