Financial advisers
 

Has anyone had any dealings with ****** Group in Spain please? We are about to invest but have been "googling" and there are some quite bad reviews and complaints concerning them although the majority of the complaints are over 3 years old. Hoping someone can help!

Re: Financial advisers
 

That their name has been replaced with *'s should give you a strong clue. :lol:

If it's the company I think it is, they are litigious and threatened BE, so now their name automatically turns to *'s, even in private messages. .... Their name rhymes with a famous diamond company. ;)

IMO they spout a lot of BS, threatening you with giant tax bills that have no basis in reality. If you get harassed by them, and they won't leave you alone, tell them "if you or anyone from [co name] contact me again, I will file a complaint with your Compliance Officer". Use exactly those words, and they will almost certainly leave you alone.

If you do need to complain to their Compliance Officer, just address a letter to the Compliance Officer, at any of their locations, but the location where the salesman is based would be best, if you know it. There is nothing to stop you sending a letter to multiple locations/countries. .... The regulators will review the file of complaints during their annual visit, and obviously a fat file of complaints looks bad, so financial firms, and their employees hate complaints sent to the Compliance Officer! :rofl:

Re: Financial advisers
 

Thank you

Re: Financial advisers
 

You're welcome. :)

Re: Financial advisers
 

Personally I would not invest a bean in anything in Spain , why would you when the UK is far more safer and understandable? , if its a property you are "investing" in dont expect to make money from it , buying a house in Spain is not an investment , its just buying somewhere to live / holiday, if you are HNW then go down to Gibraltar and talk to Barclays wealth management and the likes.

Re: Financial advisers
 

Sorry Rotor to disagree.I have been in Spain over 30 years,bought & sold numerous properties including a business.Previously did the same in UK & am about to buy another property,probably here.Perhaps you have not done your homework & had a bad experience which can happen anywhere in the world.I dislike the English system because of the "chain" whereas here you need to put down a non-returnable deposit which surely means you are a serious buyer/seller.Once,in Scotland many years ago,I sold a house on "a gentleman,s agreement" which was binding!I don,t have a Financial Adviser,I just used my own instincts.However I can say I have made money from property in Spain & look forward to turning over a profit from a previous sale to gaining a new acquisition shortly.

Re: Financial advisers
 

Yes because we all know Spanish property has appreciated considerably in the last 7-8 years...no wait :rofl: , and that property in Spain sells quickly.....no wait :rofl:and buyers never have legal issues after buying in Spain.....no wait :rofl:

Re: Financial advisers
 

Each person can only say what has happened from their own experience.

Re: Financial advisers
 

No, we can also recognize the big picture, the generalities.

While it might be possible to make money with careful purchases and sales at the right moment doesn't alter the fact that most properties in Spain have not appreciated significantly, if at all, in price for a number of years.

Conversely it would be better for those with experience contrary to the general pattern to acknowledge that fact, that their experience is not typical.

Re: Financial advisers
 

Good post well presented

Re: Financial advisers
 

Yes indeed the amount I received from a recent sale was less than I bought it at.But then again I am in a buyer's market as similar properties I have my eye on,also have very much come down in price.I will swap one for one but in a different area which is what I want.This is not the business I had before my retirement,very different in fact,but my family were always dappling in property,my late Father was a builder,so I was always brought up to believe in investing any spare cash in bricks & mortar which I have done in UK but mostly Spain for some 18 years now.