Holborn Assets Investments Review

LVP CASE ID 16-DHP0014 On September 8, 2016, Complainant submitted a complaint in accordance with the Legitimacy Verification Program (LVP). The LVP Complaint alleged that the post found at the following URL was defamatory in violation of Paragraph Two of the Terms of Use: Full URL of Post: http://www.holbornhub.com/holborn-asstes-lost-85-of-my-uk-pension-in-18-months-20150727672533.html/ The post’s author (“Poster”) was offered an opportunity to respond to the complaint, as provided in LVP Rule 9; however, the Poster failed to respond. Having considered the materials submitted in accordance with the LVP Rules, we hereby find as follows: The Post is more likely than not false, inaccurate, and in violation of Pissed Consumer’s Terms of Use. Accordingly, we recommend that the Post be removed in its entirety. We also recommend that the title of the Post be regenerated so that the title is removed in its entirety. Dated: October 10, 2016
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1 comment
Anonymous
#1211325

Please take notice that Complainant has initiated a complaint against this Post due to alleged violations of Pissed Consumer’s Terms of Use (http://www.pissedconsumer.com/tos.txt) pursuant to Pissed Consumer’s Legitimacy Verification Program. To receive a copy of this Complaint send an email that includes the review number of this Post to lvp@pissedconsumer.com requesting a copy.

You, the Poster, have a right to respond to the complaint to establish the truth of this Post’s statements. If you intend to respond, you have 20 days from the date this Notice was posted to answer the Complaint. The Answer Form (https://s3.amazonaws.com/pissedconsumer/legal/LVP+Answer+Form.pdf)

must be submitted to lvp@pissedconsumer.com within 20 days of this Notice was posted.

Failure to submit your answer within 20 days waives your right to participate in the Legitimacy Verification Program as to this particular Complaint.

All Legitimacy Verification Program disputes are decided by an independent attorney who is not employee of Pissed Consumer and whose firm has contracted with Pissed Consumer to provide attorneys who will serve as Third-Party Neutrals in conformity with the rules of the Legitimacy Verification Program. Pissed Consumer WILL NOT reveal your identity or email address to Complainant without your express consent or pursuant to a subpoena or court order.

For more information regarding the Legitimacy Verification Program, please refer to the program’s rules found at http://www.pissedconsumer.com/static/legitimacy-verification-program-rules-and-conditions.html

LVP ID: 16DHP0013

ID
#672533 Review #672533 is a subjective opinion of poster.
Location
Dubai, Dubai
Reason of review
Poor customer service
Holborn Assets's reply to:

Holborn Assets - Investments Review from Dubai, Dubai

We are proud to offer clients regular bank busting returns on their investments, however, it is common knowledge that investments sometimes go up and sometimes go down.
ID
#668316 Review #668316 is a subjective opinion of poster.
Pros
  • Personalised proffessional service
  • Professional service and honesty
Reason of review
Good customer service

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.

1 comment
Anonymous
#1012420

My "investment" with Holborn Assets is still 85% down after two years falling and the "advisor" I used I found out is a convicted felon in the UK. How can this lot employ a convicted felon? I rest my case....

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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ID
#662437 Review #662437 is a subjective opinion of poster.
Location
Dubai, Dubai
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.
ID
#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

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 - 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.
ID
#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.

4 comments
Anonymous
#924171

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Anonymous
#915234

Yes I have been cold called by Holborn only to have an appointment set up with a man all over the internet as a thief! Needless to say I cancelled...

Sounds like a a lot of two faced belony and lack of proper values.

Disappointing to say the least.

Anonymous
#888989

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Anonymous
#855335

I'd like to add this. Being acquainted with one of the 'Business Development Managers' of Holborn, I've been informed of this practice.

Holborn employs a bank of researchers who will spend their day searching Linkedin and any other source of contacts for prospects mostly with Western sounding names.

Any leads are then passed on to the Business Development Team. As said above they COLD CALL these people via landline routed through London. They'll apologise for calling you out of the blue and make clear they're calling from the UK (a lie) and they are agents that work on behalf of reputable IFAs in all over the world. Based on your requirements they'll recommend you to on of their qualified IFAs.

They might refer you to their website. This is bogus. It's set up, run and owned by Holborn under a different guise. Once your interested on the promise of a tax free windfall they'll pass your details along.

Not long after you'll receive a call from someone from, who'd have guessed, Holborn.

A meeting will be arranged, you'll discuss pensions and then probably be probed on your current savings/insurance needs.

They only reason I feel compelled to expose this is the outright lies peddled by Holborn.

Karen Bobker mentioned in another post will tell you that it's unprofessional for an IFA to cold call and good one doesn't in her blog (http://financialuae.me/2011/03/23/the-beginning-of-the-end-for-cold-calling/) their radio adverts reiterate this, but it's all rubbish.

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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. 
ID
#496835 Review #496835 is a subjective opinion of poster.

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!

Keren Bobker: Holborn Assets.

I have already received some financial advice in Dubai from another firm but with the bad reputation of advisors in the city I was keen to get a 2nd opinion and cross reference the advice. A friend of mine already had a savings plan from Holborn Assets and seemed to be fairly happy with it. I met Keren Bobker and told her about some of the investments I had with the other firm. Almost immediately she began to slag off the advice I had been given and the savings plan I had (which by the way was the exact same plan my friend had already been given by Holborn!). Regardless of her feedback my first reaction was that badmouthing the competition was extremely unprofessional but I allowed her to continue. She then proceeded to tell me that she would never have given advice like this and I should stop paying into my current plan and start another with her. Clearly Ms Bobker thought I had been born yesterday since it was obvious to me that this was just a ploy to get me to earn her some more juicy commission. I frankly found this to be as nauseating as her hideous work attire. Her next pearl of wisdom was to tell me to invest my lump sum into one of her fancy 'tax wrappers' which would apparently shower me with a world of magical tax breaks when I went back to the UK. She also pointed out that i had to invest at least 75,000 quid and that if I wanted to put any more money in, it must be done in tranches of at least 25,000 quid. You can imagine my surprise when she gave me a brochure which completed contradicted what she had just told me! {{{Redacted}}}. Needless to say i wont be visiting her again. {{{Redacted}}}. LVP CASE ID 16-V0017 DECISION SUMMARY On October 17, 2016, Complainant submitted a complaint in accordance with the Legitimacy Verification Program (“LVP”). The complaint alleged, in part, that posts 363273 and 493259 (the “Posts”) contained statements in violation of Pissed Consumer’s Terms of Use. The Posts’ authors (“Posters”) were offered an opportunity to respond to the complaint, as provided in LVP Rule 9, but each failed to do so. Thus, the Posts and the supplemental information provided by Complainant constitute the LVP Record. Having considered the LVP Record, the Third Party Neutral finds that Post 363273 should be removed in its entirety and the review title should be regenerated to remove reference to Holborn Assets; further, Post 49259’s title should be redacted to read “Keren Bobker: Holborn Assets,” the last paragraph redacted in its entirety, and the first sentence of the second-to-last paragraph redacted in its entirety. Dated: December 10, 2016
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6 comments
Anonymous
#1238927

*NOTICE OF COMPLAINT*

Please take notice that Complainant has initiated a Complaint against this Post due to alleged

violations of Pissed Consumer’s Terms of Use pursuant to Pissed Consumer’s Legitimacy

Verification Program. To receive a copy of the Complaint send an email that includes the review

number for this Post to lvp@pissedconsumer.com requesting a copy.

You, the Poster, have a right

to respond to the Complaint to establish the truth of the Post’s statements. If you intend to respond, you have 20 days from the date when this Notice was posted to answer the Complaint. The Answer Form https://www.pissedconsumer.com/lvp-answer-form.html?form=f6fd84f6f232 c5a23edc658412c5bd11 must be submitted to lvp@pissedconsumer.com within 20 days of this Notice was posted. Failure to submit an Answer within 20 days waives your right to participate in the Legitimacy Verification Program as to this particular Complaint.

All Legitimacy Verification Program disputes are decided by an independent attorney who is not an employee of Pissed Consumer and whose firm has contracted with Pissed Consumer to provide attorneys who will serve as Third-Party Neutrals in conformity with the rules of the Legitimacy Verification Program. Pissed Consumer WILL NOT reveal your identify or email address to Complainant without your express consent or pursuant to a subpoena or court order.

For more information regarding the Legitimacy Verification Program, please refer to the program’s rules found at http://www.pissedconsumer.com/static/legitimacy-verification-program- rules-and-conditions.html. LVP ID: 16-v0017

Anonymous
#891146

I've worked in the UK for 6 years and i am in SA now, have signed my LOA but have been told that there are no funds due to me, i have been given the run around for the last 3 months, could they have stolen my pension as the woman is so evasive when i asked her for proof that there is no funds available.

Please advise what I should and can do next to find out the truth.

Anonymous
#872117

Interesting article..... I have just received an unsolicited email from a James Parker from Holborn Assets.

Deleted it immediately, but don't think they'd be interested in me if they saw my babnk balance! Lol

Anonymous
#857733

Well, this doesn't ring true. We've had fantastic advice from Keren Bobker.

Her advise was 100% independent.

In fact, the majority of my savings are in investments, advised by her, that do NOT provide her with any commission.

Yes, we have a fund too, but part of a balanced investment strategy, which we discussed, and she fully endorsed.

It's doing well.

Very well.

Anonymous
#879336
@PissedConsumer857733

Karen is that you? 1st it says you are in Dubai and not Tunbridge Wells and second you are talking rubbish. You should really tell the truth more.........

Anonymous
#830181

Agree

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ID
#493259 Review #493259 is a subjective opinion of poster.
Location
Dubai, Dubai
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).
ID
#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 - 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.
ID
#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.

2 comments
Anonymous
#891144

I've worked in the UK for 6 years and i am in SA now, have signed my LOA but have been told that there are no funds due to me, i have been given the run around for the last 3 months, could they have stolen my pension as the woman is so evasive when i asked her for proof that there is no funds available.

Please advise what I should and can do next to find out the truth.

Anonymous
#818557

i HAVE NOT "JUMPED IN YET!

the LOA that i have to fill out also requires , my address in Thailand, My UK Address, a copy of my Passport AND my National Insurance number, that amounts to me handing over a complete new identity for someone, Mine !! I just cant do it, no matter how good the good news is !!

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Holborn Assets's reply to:

BEWARE OF HOLBORN ASSETS

All our advisers are fully qualified financial advisers with industry standard qualifications. We ensure that all our advisers are qualified and knowledgeable in order to deliver the very best solutions to our clients.
ID
#479134 Review #479134 is a subjective opinion of poster.

I was conned into transferring my British Pension worth 52000 GBP by Mr Alwyn Owens of Holborn Assets.

He subsequently "invested" my hard earned funds into what turned out to be a hedge fund motivated by the high comissions he received.

My fund has lost 80 percent in 18 months.

I have tried to arrange a meeting with Robert Parker CEO of HOLBORN ASSETS and despite several requests for a meeting he is ignoring my communication.

I am therefore launching an investigation through Dubai CID and the fraud squad in the UK.

I suspect foul play.

my advice..next time you receive a cold call from "financial advisor" (trailer trash) call the Police..

From: reports@cfpfunds.com

To:

Dear John,

Wednesday 12th March 2014

The IQS Performance Fund was down -3.45% on the day, with an estimated USD 147.28 per share, down -4.73% in March and down -31.71% in 2014 YTD.

The IQ-A programme for its allocation of The Fund's assets was down -1.31% on the day, and down -0.60% in March and down -10.63% in 2014 YTD. IQ-A positions by sectors are as follows:

Contact Holborn Assets Customer Service

Website:
holbornassets.com
Mailing Address:
P.O.Box 333851 Al Shafar Tower, Level 15, Barsha Heights
Dubai, Dubai
United Arab Emirates
Contact Holborn Assets Customer Service