Is The Game Nearly Up For The DeVere Group?


A group of investors has also started a petition at

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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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5 Responses

  1. Charlie says:

    Amen. It was only a matter of time before their lies caught up to them….

  2. Ruslan says:

    as a big fan of your books, i realized how screwed up my situation at the moment. Getting my money out of Generali will be a tough gig and to minimize the damage i am considering to drop my premium to the minimum and invest smarter into their ETF’s if any available.

    Could you recommend the funds that i should consider using in my portfolio while keeping money in Generali account? Unfortunately, i have “only” 10 years left until i can cash in.

    thank you for the priceless advises.

    • Hi Rusian,

      I don’t have a Generali prospectus with lists of available funds. You probably do. After reading my book, you should know how to do it. Find selections of funds with low costs that meet your diversification needs. Find a domestic equity fund, a global equity fund and an international bond fund (if you can’t find one representing your home country) Good luck.


  3. Alexander Fernando says:

    Andrew – we have also been duped by Devere having invested in products with Generali and Friend’s Provident. We are trying to get our money back. We’ve been doing lots of research and have it in writing from Devere that both Devere and Generali were aware of the bad advice being given by their advisor. We also know that Devere was not registered to sell the Generali product in Mozambique and it was therefore an illegal sale. We are getting no-where with our complaints to both devere and Generali but have started a website to hear from others ( Do you have any advice on how to get out of the Generali product without a major loss on the invested capital?

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