Replies to post #23434 on Woodbrook Group Holdings Inc (WDBG)

[buypumps]

Tread Carefully With NHPI Folks Stinky Pinks can and do wipe out accounts!

[janice shell]

Very interesting indeed!

[sammyboypa]

If you look up ANY company on glass door you’ll find a ton of piss poor reviews from previous piss poor employees. Means zip

[samsamsamiam]

Pretty much what I envisioned - only a bigger boilerroom.

Notable:

And why do their expansion plans aim for CEE countries? Why do they not have a presence already in other well-known expatriate countries, such as Spain, Portugal or Italy?
I asked the Financial Conduct Authority (FCA) in the UK about them. This is part of their reply to me:
Our response
I've completed a search on our Financial Services Register which is a
public register of the firms authorised by us and I've found no record
of Woodbrook Group, which means they may not be authorised to
carry out regulated financial activities in the United Kingdom.
I've checked the firm's website and I can see in their footnote it states
that they are regulated by the Cyprus Securities Exchange Commission
(CSEC). Although Woodbrook are by CSEC, they would still need to be
registered by the FCA in order to offer regulated products or services in
Your next steps
It's unclear if you have done any activities with this firm, if you haven't,
I'd strongly advise against it. This is because wouldn't have access
to The Financial Ombudsman Service (FOS) in the case of a dispute
with the firm or the Financial Services Compensation Scheme (FSCS)
in the event the firm is declared in Default by entering into liquidation or
Bankruptcy for example.
If you have done any business with this firm, please let us know and
then I can make may our relevant team aware that they're operating in
the UK and we can then make other consumers aware that this is
happening.
The sign of a good and decent company is where the following principles are applied:
* Focusing on results, not babysitting, and a much more flexible approach to
follow up - giving consultants what they need and not pushing all kinds of
demands down their throats.
* Understanding that newly-appointed consultants, especially those in a new
country, need time to build their business. No quota for number of calls or
number of booked meetings, quality over quantity.
* Business development based on qualified referrals from existing clients,
networking and qualified leads, not aggressive cold calling or begging for
"referrals" at the first meeting.





Did Michael Doherty work for Devere at one time ?

It is also very interesting that if one does a search on Michael Doherty, the CEO, on LinkedIn, there is no mention of his history prior to the Woodbrook Group. Why not? I believe he left Belgravia under highly questionable circumstances. And why does he make no mention of having worked for the de Vere group? My sources tell me he left de Vere also under a cloud and was sued by their CEO, Mr Nigel Green.

———
Did he work at Devere? indeed he did - from a 2012 press release of Devere group:
https://www.devere-group.com/news/deVere-Budapest-open-for-business.aspx

And it was in 2014 that Doherty had set up his own company Woodbrook Wealth in Hungary in 2014 running the same type business. Must explain why some of the employees working for Woodbrook had also worked at Devere at one point.