Gladstone Morgan - Gladstone Morgan Scam by Ian Bell and Chris Golding
- by Anonymous Jan 26
- Review #: 379225
| Company | Gladstone Morgan |
| Category | Financial Scams and Schemes |
| Views | 139 |
This is a warning to all expatriates living in Shanghai to be cautious of unlicensed and unregulated financial advisors such as Ian Bell and Chris Golding of Morgan.
One of their recent recruitment job listings was searching for "sales consultants" for "" with "no financial experience necessary." - Sounds like something from the boiler room movie.
I was sold a QROPS "Qualifying Recognised Overseas Pension Scheme" by Ian Bell at Morgan in 2010 for its supposedly tax benefits, now 2013 I have discovered that my Pensions value has dropped by 40% and Ian Bell has pocketed 20% of that as his commission.
I was miss-sold and mis-lead and as being in Shanghai i am not protected by the (Financial Services Agency), if we was in the UK then these guys would be classed as criminals. 3129ca7
The truth
Feb 15
I've always found them low key, technically minded and honest and the company they work for, has always been at the better end of the advisory spectrum in Shanghai.
As for SFC and Dino Zavagno? Well he's not giving you the advice here as it is Ian and Chris who are effectively self employed. On the subject of SFC fines it is also worth a mention that HSBC, UBS, Deutsche Bank, Merrill Lynch and Citibank have all been at the receiving end of SFC reprimands.
As for Pete's comments about Ladyboys? Nasty, untrue and potentially damaging. Not cool.
Pete
Feb 07
Calls himself Ian 'Cocky Bell Boa' Bell......LOL
Leo
Feb 07
Gladstone Morgan
Jan 31 from Shanghai, Shanghai
Gladstone Morgan takes all complaints seriously, even false or inaccurate allegations and we have procedures in line with the UK FSA and Hong Kong regulators to handle any possible complaints correctly. We can confirm that neither Gladstone Morgan or its legal representatives have received any such complaint, either verbal or written.
We also confirm that we have not run any such recruitment campaign suggested here for sales staff or cold callers (we do not support these methods of solicitation). In addition, no Q.R.O.P.s transfer has been initiated by Mr Bell so we are puzzled by this blog and its underlying motives.
All fees and costs for setting up a qualifying pension transfer are totally transparent and provided at outset. To suggest a commission deduction of 20% therefore is totally preposterous.
We can check our advice files to review any advice you may have received, if any . We can also contact the legal trustee companies, approved by the HMRC, who handle legitimate transfers and the financial institutions with the relevant financial governance, who administer the qualifying pension transfers referred to here. We can check if any such records for you are held. Please confirm your name and we can investigate any legitimate complaint via the correct channels.
However, from the facts here, we strongly doubt that you are in fact a client who was advised by us.
Finally, any... Show more
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