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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!

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.

Holborn Assets's reply to:

Holborn Assets in Naas, Kildare - Commissions Driven Business

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:

Holborn Assets in Dubai, 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 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.

Holborn Assets's reply to:

Holborn Assets in Bangkok, Krung Thep - Lost me 40k in a pension transfer and I work in finance!

We do our utmost to provide clients with the very best service and support. If for any reason you have a query or concern, we urge you to go direct to our customer service team who will help to rectify any issues quickly and efficiently. Visit our website for contact details.
Review
#520274 Review #520274 is a subjective opinion of poster.
Loss
$60000

Daylight robbery, don't go anywhere near them. They put me into commission driven products and funds that were high risk and high commission paying.

Bob the owner is Ex RAF and supposedly a devote christian, he should be ashamed of himself. They have never responded to complaint or even consider what they have done with my hard earned money. DONT NOT USE THEM or DEVERE they are as bad as each other.

I was put into the IQS 17,000gbp this promptly lost me 12k gbp and I had to pay exit charges based on the original which they wont pay back to me. I was put into a generali personal portfolio bond which is not a suitable pension investment account due to high transaction fees, high commissions paid to the *** bag IFA and they dont seem to care as well.

Truly a shocking company.

Holborn Assets's reply to:

Holborn Assets - Incentivised to get client investments in return for World Cup Tickets!

We pride ourselves on offering the very best training and support in the business. We promote from within meaning that dedicated people get the chance to reach the very top. Unfortunately in our business, you won’t progress very far if you just let it be, you may even have to work a hard day’s night, but the rewards and opportunities are endless. 
Review
#496835 Review #496835 is a subjective opinion of poster.
Tags
  • IFA dubai

Holborn Assets - Dubai based 'financial advisory' service is at best amateur, hiring 'independent financial advisors' with little or no experience in their fields and are incentivised to to sell investment products against ridiculously high targets.

Seemingly the 'Christian' run firm had been missing targets in 2014, hence setting its commission based staff super high targets - if met consultants were in for a chance of winning flights and tickets to the World Cup Finals in Brazil - all well and good if the IFAs don't brag and broadcast this information across social media channels and mention it to their clients. Surely financial advice should be about giving the best possible to support to your client - not flogging products to anyone that will buy them in the hope of a trip to Brazil!

Holborn Assets's reply to:

Holborn Assets Lost Me 52000 GBP in 24 months.

Our main focus is delivering the very best service to our clients. If for any reason you cannot get hold of your adviser, please contact our customer service department (contact details on our website).
Review
#485811 Review #485811 is a subjective opinion of poster.
Loss
$52000

Mr Alwyn Owens an "advisor" from Holborn Assets lost me 52000 GBP.

He advised I transfer my UK pension through Brooklands UK and he invested it in a hedge fund. I've lost it all in less than two years.

Holborn Assets couldn't care less and if the only good to come of this is that you steer clear of these bunch of weasels then take the heads up.

Not only was the advice I was given by Mr Owens disastrous but his complete lack of management of the situation in neglecting to try and mitigate my loss is the second reason I would not recommend anyone have anything to do with Holborn Assets.

The commissions charged and surrender penalties I would incur by surrendering the policy now would wipe out every penny of my hard earned pension.

I am reporting this case in the UK and Dubai to the regulatory authorities.

John Brennan

Holborn Assets's reply to:

Holborn Assets in Dubai, Dubai - Pension transfer

We are committed to providing our clients with the very finest financial advice possible. Should you have anything you wish to discuss please contact our customer service department.
Review
#479341 Review #479341 is a subjective opinion of poster.

I'm 26% down since 2011 whereas had I left my pension where it was in the UK I would be about 20% up. They have ruined my pension, through poor advice and obscene fees!

They do not act in the interest of the investor and believe me I'm in investments myself and can't believe how *** I have been. Who pays the commission only advisors to fill out forms, who do you think the end client yes us. So if you transfer 100k they get 8% commission! is that fair?

I don't think so.

Daylight robbery assisted by Generali, Zurich, Skandia, Friends Provident, Royal London and Brooklands trustees. Anyone who thinks they aren't being ripped off I would challenge that any day to confirm that you are and I know you are.