advice dubai investments pension funds commission money investment holborn savings
Unfortunately, as with all these anonymous reviews, the person cannot be held accountable nor be proven to be a reliable source.
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Review
#662437 Review #662437 is a subjective opinion of poster.
Tags
  • Misleading Facts
Holborn Assets's reply to:

Unable to provide basic information to questions listed below | Holborn Assets review from Oudtshoorn, Western Cape

When in doubt, we urge all clients to contact our customer service department who are always available to answer any queries or concerns you may have. All contact details are on our website.
Review
#613383 Review #613383 is a subjective opinion of poster.
Reason of review
Poor customer service

How, when and from what source or sources did you acquire my details? including my contact details?

What? regulatory body or bodies are Holborn affiliated with, or subscribe too.

What? overall jurisdiction governs the activities of Holborn as it relates to the pensions side of the business.

If and when a UK pension is transferred offshore, what element of control does the client have? If ? the client wished to have it transferred back to the UK, is this possible? and is it subject to penalties?

Finally, It would be much appreciated if you can email me copies of papers I signed at our meeting.

Holborn Assets's reply to:

Holborn Assets - Investment Review from London, London

We deliver investments from some of the world’s largest investment houses which often deliver bank beating returns to our clients. Should you have any queries or concerns, please contact our customer service department who are always on hand to help.
Review
#604389 Review #604389 is a subjective opinion of poster.
Reason of review
Not as described/ advertised
Tags
  • Misleading Facts
  • IFA dubai
  • misleading business practices
  • Cold Calling
  • Financial Planning Dubai

I received an unsolicited email from a business development manager and within the space of a few minutes a couple of follow-up calls. This person was trying to book me an appointment with a so-called UK qualified financial expert who apparently provides independent advice. This expert is apparently licensed to advise on investment and insurance products.

1. Very few if any Holborn Advisors would be qualified to advise on investments in the UK, this is a complete fallacy. Most only have the minimum level Certificate in International Wealth Management, a single module course from the CISI that anyone with half a brain, a few days study time and a calculator could pass. Many don't even have this.

2. Holborn Assets are not independent, they sell one white-label saving plan which they market under the name Holborn Assets Retirement Plan (HARP), and one lump sum investment product, which investors only get a choice of investing into 3 core holdings - their own broker funds. These products are both supplied by Royal London. Holborn receive volume override commissions on these products (they get paid more than all the other brokers) because they are tied into exclusive agreements. And they also receive a healthy commission on their own Old Broad Street broker funds of course - regardless of their appalling performance!

3. They advertise on the radio that they do not cold call. Cold calling for the solicitation of financial products is illegal in the UAE as they surely know this and yet still conduct telemarketing within the UAE and across the Global. I would like to know how they managed to obtain my private email address, my phone number and then contact me unsolicited?

4. If their financial salesperson is indeed a UK qualified expert, and intentionally making the claims above then he/she is actually deliberately mis-selling the public and also guilty of misrepresentation.

5. Holborn Assets like to slate all the competition saying they are the most professional, qualified, etc, etc, etc. They even contact clients of other brokers with misleading scare tactics, trying to disturb people to switch to them - this is hardly exemplary of the kind of "strong Christian ethic" they claim is at the foundation of their principles.

6. On the message from the CEO on their website, it clearly states that they are regulated in all the countries they do business in. This is again a total fallacy - they do not even have a license in the UAE where their head office is!

Far better than the rest | Holborn Assets review

My account was previously managed by another financial adviser from another company and, with all due respect, I didn’t cross the line of 3% interest, max. Since Holborn took charge of my investments, I have seen the number climb sometimes to more than 8% and I’m not complaining about it :) Obviously, it’s a long term investment and it’s funds investment, which means there’s risks. However, for the time you managed my account you proved to me I can trust your decisions. And God knows I don’t trust easily when it’s about money and the future of my family. When I come to your office, I don’t feel I’m sitting in front of an advisor who puts in priority his commissions and forgets the well being of my investments. I feel I’m having a chat with a good friend who cares about me and my money.
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Testimonial

Holborn Assets is a paying client of Opinion Corp and utilizes its services to proactively identify and correct customer service issues.

Review
#724162 Review #724162 is a subjective opinion of poster.
Reason of review
Good customer service
Holborn Assets's reply to:

Holborn assets scammers won't leave me alone

We work purely on referrals, so our consultants will only contact you if a friend or family member (who has become a client of ours) has recommended that we get in touch.
Review
#602019 Review #602019 is a subjective opinion of poster.
Reason of review
Bad quality
Tags
  • IFA dubai

I spend all day listening to radio adverts which say that Holborn arent like anyone else in dubai and don't cold call but keep getting pestered by some *** on the phone to transfer my pension into a qrop. This is EXACTLY what the advert is against!!!!

It was funny the first time but I now see they are more full of *** than deVere and a complete bunch of lying, two faced, untrustworthy salesman desperate to do exactly what they preach against.

Colleagues have already warned me that their investments have been consumed by terrible performance when the markets are at an all time high.

LEAVE US ALONE!

Holborn Assets's reply to:

Holborn Assets Dubai - cold calling

We do our best to ensure that people who request to be placed on our DNC list are not contacted. However, with an organisation as large as ours, some people still managed to get called. We apologise for any inconvenience.
Review
#596773 Review #596773 is a subjective opinion of poster.
Reason of review
I do not like being cold called or for my data to be collected or viewed for inappropriate purposes
Preferred solution
stop cold calling or I will petition to make it illegal
Tags
  • Cold Calling

I am currently seeking new employment and have utilised a well known UAE job seekers website to enter my details onto. I found out today that Holborn Assets in Dubai viewed my details and CV on the 15th February 2015, and then used the data to cold call me yesterday, 16th February 2015.

The company will be brought to task as I have raised a complaint with a number of UAE institutions.

Best to avoid any company that cold calls you, especially if they use this form of inappropriate behaviour. It is also wise to ensure that they are licensed to operate with the Dubai FSA or other centralised authorities.

Holborn Assets's reply to:

Holborn Assets Very Bad Financial Advice

We strive to provide a high level of service to our clients. We recommend the best way for clients to increase and protect their wealth, however, there will always be a certain level of risk when investing which sometimes doesn’t turn out the way you want it to. Our fully qualified advisers strive to deliver solutions that will garner the greatest returns for our clients wherever they choose to live in the world.
Review
#588552 Review #588552 is a subjective opinion of poster.
Cons
  • Bad financial advice
Reason of review
Poor customer service

My experience with Holborn Assets in Dubai is very negative. They advised me to invest in a fund scheme and a pension with very high fees, both of which involved a locking money in for years and big penalties for withdrawing the funds.

The only reason they push these products is for large commissions. Due to the high fee rates being charged (up to 3%), they have to invest in more high risk funds to make a reasonable return. People who think that are getting a good service, don't understand how much more money they are losing from the heavy fees and commission!

There are lots of websites that have bed reviews for Holborn Assets - search for yourself. I blame myself for not doing a thorough check of their credentials.

To sum it up they are a talentless set of thieves.

Fake complaints? excellent service by Holborn | Holborn Assets review

It amazes me that if read correctly, all the complaints on this site for Holborn are technically by financial services employed people, as their grasp of the investment process is beyond the average layman. Holborn Assets have looked after my pension 4 years running now, & from day one I only ever received professional and caring advise. I am constantly kept abreast of market conditions affecting my pension along with active management of the investment itself. I am very happy Holborn approached me to give me the opportunity of having sound financial advise and successful investment of my life savings!
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Testimonial

Holborn Assets is a paying client of Opinion Corp and utilizes its services to proactively identify and correct customer service issues.

Review
#556480 Review #556480 is a subjective opinion of poster.
Pros
  • Personalised proffessional service
Reason of review
Good customer service
Holborn Assets's reply to:

Commissions Driven Business | Holborn Assets review from Naas, Kildare

Before our advisers can deliver the trusted, independent financial advice we have become known for, they have to successfully complete our in-house training programme. Our training programme ensures that all our advisers are fully qualified with industry standard qualifications.
Review
#554970 Review #554970 is a subjective opinion of poster.
Reason of review
Problem with delivery

I have recently returned to the UK from Dubai and can say this about ALL financial services companies in Dubai including Holborn Assets where I worked. They all want to sell you something that firstly benefits them.

The longer they sell you a savings plan for the more they earn..the penalties for leaving before you complete the term are huge.

They also try sell you more risky funds which again pay them a huge commission and when the *** hits the fan you are on your own. So glad to be back in England and making an honest living again...Steer clear and send your savings home and avoid all the sales *** you hear....

Holborn Assets's reply to:

Cold Calling | Holborn Assets review from Dubai, Dubai

We do our best to ensure that people who request to be placed on our DNC list are not contacted. However, with an organisation as large as ours, some people still managed to get called. We apologise for any inconvenience and are working to rectify the situation.
Review
#520531 Review #520531 is a subjective opinion of poster.

Holborn Assets claims to never cold call its prospective clients. However, having seen first hand how they operate I would like to expose this as false.

Instead of being honest like the Devere's of Dubai and just straight out cold calling, Holborn has set up a bank of telephones, rigged to appear to call through a London landline number. They'll then pretend to be calling from a third party company that would like to recommend you to one of their partners in Dubai. This will always be Holborn.

This would be fine if it wasn't an integral part of their marketing position to not participate in such tactics.