This is a brief account of nearly 17 years of my pension being managed by a financial service in the Netherlands. I transferred my pension in 2009, and it’s now worth significantly less when considering inflation. I have lost a life-altering amount of money due to their investment advice, while they continued to collect their advisor fees. My funds were placed in very risky, non-standard assets, and one fund was closed by regulators, freezing my money for eight years. They merged with another company in late 2013, and shortly after, recommended selling all my non-frozen assets to invest in a fund they partially owned, without disclosing this information. The performance of this fund has been poor, yet my advisor allowed it to remain stagnant for 12 years. I was even discouraged from participating in a class action lawsuit that might have recovered some funds. This year, I was advised to cash in my pension, as UK pensions were deemed not worth maintaining. After 17 years, they simply gave up on my pension. It's evident that investing with this service has been the worst financial decision of my life.
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The Blacktower Group was formed in 1986 to provide independent wealth management advice and a bespoke service for both individual and corporate clients around the world.
Having celebrated over 35 years in business, our independent financial advisers continually keep pace with the changing needs of our customers, regulations and legislation. They are led by our Chairman, John Westwood, one of the founders of the firm.
In 1996, Blacktower expanded offshore and opened its first office in the Algarve, Portugal during 2000. Blacktower Financial Management (International) Ltd (BFMI) was formed in 2003 and incorporated in Gibraltar, where the BFMI Head Office is situated. BFMI now has offices throughout Europe and in the Cayman Islands and is continuing with its expansion programme. Our International Head Office is located in Gibraltar, our UK Office in Surrey and Caribbean Office in Grand Cayman.
The world of investment and financial planning services is complex, even if you are financially aware, and finding the right products is time consuming. That’s why we are here. With our knowledge and expertise we can save you time, money and bring you peace of mind.
We want to help you achieve your financial aspirations, and realise some dreams. So, we’re there for you at all the key moments in your life. We believe our role is to listen and understand your needs. Then we use our experience to find the right products for your circumstances, personal or business, home or abroad.
We guarantee, whatever financial planning services you require, you’ll get the same high level of professionalism and attention. We also have Consultants throughout our offices in Europe who as well as speaking English, also speak Spanish, Swedish, Danish, Norwegian, French and Italian.
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