CyprusLiving

Anyone using £D Global Walth Management? What do you think of them?

Hi Suzanna, I think you mean 3D Global. I'd be interested to see comments from board members.

When we first moved here I spoke to them and was told that I would receive answers to a couple of questions that I posed. Five years on I am still waiting.

Apologies teebroad66 I wasn't very clear. gazzaga was seeking comments about 3D Global and we had an interview at which the rep offered to respond to a couple of queries that he couldn't address during the meeting. It was these that I was referring to.

The forum was absolutely brilliant when I was seeking information prior to moving out.

I have been a client of 3D Global for a number of years now and can speak highly of their professionalism in the manner they discuss matters with you and their openness on charges. These charges are not hidden in anyway, like many other so called advisers.

I would suggest you talk to them, go over your needs or what you require from them.

Thanks excambridge. That's a good point. The UK has now banned commissions for all UK advisers from 1 Jan 2013. 3D has been using the fee model for a long time. better to pay for the advice you receive than to have investments chosen based on how much commission is available. Orion, if you PM me I'll try to answer your questions if you like.

I have used them before and one of my friends and we were both happy with their service!

i am in the process of ditching a very poor investment adviser and have chosen 3d global as the one to change to. very open and honest and have actually done a lot of work for me before i signed "on the dotted line" highly recommended

3D and Fraser Mackinlay both have an insurance licence from the ICCS and an investment licence from CySEC. Most expat centred advice firms only have the ICCS licence (I think this has been covered on the finance threads). The biggest cold calling firm of the lot n - Devere - since the end of March no longer have any authority to operate in Cyprus. If you have been cold called or sold to in the last few weeks they have probably been acting illegally and you should inform the ICCS (or for that matter any licenced firm).

Dorsetfam - correct. 3DGLOBAL and FM hold CySEC licenses. It's also important to ensure that the company you choose has the relevant CySEC license for the service you require. 3DGLOBAL holds:

Portfolio Management (allows the company to manage a portfolio based on criteria set by the client),
Reception & Transmission of Orders (allows the company to receive instructions from a client and transmit them to an exchange, platform or insurance company)
Investment Advice (allows the company to provide individual advice to clients and recommend actions.

Some licenses, in practice, require the holding of one of the other licenses. For example, a company with a Portfolio Management license alone cannot send the required instructions to an exchange or investment provider. Similar with Investment Advice, a company can give advice but cannot then action the advice without Reception & Transmission. To offer an all round service and choice to clients, many licenses are required. Another example is when an adviser conducts an interview with a potential client, one of the key areas he has to discuss is the type or service required by the client. If the adviser is not authorised to provide that particular service, there can obviously be a conflict of interest. The links below take you to the relevant pages on the CySEC website showing which services are offered by which companies.

http://cysec.gov.cy/licence_members_3_en.aspx
http://cysec.gov.cy/licence_members_3_en.aspx

Anyone who has been affected by the banking haircut here should look at my other posts.

Thanks for your comments guys, it is so difficult to know who to trust nowadays, so useful to hear that they are recommended. So far our experience has been good, the guy we have been seeing is very efficient.

Thank you all for the positive comments about 3D Global. If you have any negative experiences, please do let me know & I will try to resolve them if at all possible.

As Garry states, advisers in Cyprus do need to be licensed for their specific activities in either insurance or investment, you should check that your adviser is not only regulated, but also qualified.

The best phrase is 'Caveat Emptor' - let the buyer beware.

In those immortal words from Hill Street Blues: 'Be careful out there'

All the best