Scammers impersonate deVere advisers to trick clients

clock • 1 min read

The UK arm of international advisory firm deVere Group has been the target of another cloning scam, with perpetrators imitating its advisers and forging business cards to dupe clients, the firm's UK chief has said today.

Head of financial planning Kevin White said sophisticated scammers are going to "extraordinary lengths" to dupe large numbers of people into investing in their schemes. He said they had targeted consumers in deVere's name, even impersonating its staff, while copying the group's branding right down to its stationary. He said: "It has become clear that scammers are using the identity of deVere United Kingdom to dupe unsuspecting people into investing large amounts of their life savings based on their so-called ‘advice', often using aggressive sales tactics. "The fraudsters are going ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Wealth managers

Justin Onuekwusi (pictured) took on his role as CIO of the FTSE 100 firm at the start of October.

SJP CIO Onuekwusi: Retail investors lack appropriate structure to access private markets

Open-ended structures 'have to work'

Valeria Martinez
clock 01 December 2023 • 2 min read
PruFund, which holds over £58bn in assets by more than 450,000 customers, is a range of advised-only smoothed multi-asset funds.

M&G launches full PruFund range on Wealth platform

‘Greater flexibility and wider choice’

Valeria Martinez
clock 22 May 2023 • 1 min read
Brewin Dolphin reported a jump in full-year earnings driven by record inflows

Brewin Dolphin attracts record fund inflows amid strong performance

Wealth manager drew in £4bn of capital in the year to the end of September

Pedro Gonçalves
clock 24 November 2021 • 2 min read
Trustpilot