6 Comments

  1. Sarah
    August 13, 2018 @ 8:23 pm

    I have been cold called by Alpha Global Wealth management twice and I still don’t know how they got my number. I couldn’t get a word in edgeways. The business development executive was very persistent and told me they only have fully qualified advisors. I did go onto their website afterwards and it seems to be the case. Should I go ahead and meet the advisor?

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  2. Dean
    August 13, 2018 @ 10:30 pm

    You must be mistaken, i can absolutely tell you that Alpha Global wealth management do not cold call. You may have expressed an interest online for related products or services. What I do know about the team in Alpha is that they are highly qualified and very professional if you want sound advice i absolutely recommend taking the meeting.

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    • Angie
      August 14, 2018 @ 7:52 am

      I am very worried about this firm and the website. There are lots of fancy words, but it doesn’t say anything of substance. How is the firm regulated for example? Who are the advisers and how are they qualified? Which product providers does the firm use? It says “talk to a human” – but there is no evidence that there are any humans working there – just a very pretty website that describes the firm in abstract terms. It mentions long-term savings, but doesn’t say which providers. Then it also talks about structured products, but again doesn’t say who the providers are. I would say this site rings all the classic alarm bells – avoid like the plague!

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  3. Two Firms?
    August 14, 2018 @ 8:24 am

    For us lesser mortals, could someone explain why the blog is about one firm and the comments are about another?

    Is there a connection between the two firms and, if so, what is it?

    I would be very wary of any advice firm that has a page on their website “About” the company, yet does not list the advisers.

    I found this comment on the website “We pride ourselves on only employing fully UK qualified Wealth Managers”

    That would be employing only Chartered MCSI/FCSI staff would it?

    What happens if people want to speak to a financial planner instead? Financial planning is not just about managing funds, there is a lot more to it than that.

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  4. Ex-colleague
    August 14, 2018 @ 9:09 am

    I don’t think there is a connection between the two, perhaps the qualified and registered title was of relevence. The comment by Dean rings of a current employee. Angie is right to be worried about this firm as it’s headed by James Barnes who styles himself on the boiler room movie. Take the meeting and you will be talked about in a locker room environment as a conquest. He certainly doesn’t care about people and his only concerns are keeping the dollars rolling in and always having a can of hairspray at the ready.
    I left the company and work for a reputable firm,i left for three reasons the locker room ethics, complete lack of empathy for customers and unwanted advances from James Barnes (all the female staff have to endure)
    Now to elaborate on the locker room ethics, a game that James loves to play at the end of the week was titled pensioners shootout where the advisors would regale stories from the week of who they ripped off under a scoring system. The scary thing is they see nothing wrong with this. Do not take that meeting Sarah

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    • Angie
      August 14, 2018 @ 2:54 pm

      Thanks for this. Sadly, what you have written sounds very common – with “advisers” treating the scamming of victims as a game of conquests. They care nothing for the people whose life savings are going to be destroyed. In fact, some of them take positive delight in lining their own pockets at the expense of victims who end up penniless. It is appalling.

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