I am very upset about my recent investment guidance. There was no mention of the inherent risk associated with the exchange rate. All I was told was about the 5% annual return. Additionally, my advisor failed to consider that the timing coincided with one of the lowest EUR/USD rates in nearly two decades—a critical support line. Essentially, it was the worst time to exchange Euros for USD. As a result, I'm significantly at a loss despite the promised return. This has turned out to be more of a gamble than a solid investment. My next steps involve filing a formal complaint with the company, but it might be wiser to accept the loss in the New Year and move forward. This will definitely be the last time I put my trust in so-called experts. Had I reviewed the charts, it would have been clear that selling Euros in early 2025 was a poor decision. I believe the issue stems from the overly friendly relationships financial advisors cultivate with their clients, which can lead to complacency. I fell into that trap. Hopefully, this serves as a valuable lesson, albeit a very costly one.
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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.
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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.
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