Anonymous

Queensland investment property Scam

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My wife and I went to visit Infinity Group Australia at Bella Vista offering a 7” tablet ($30 approx) promoting building wealth. Infinity is part of a group of QLD developers. The session resulted in an home visit where they reviewed our financial situation and suitability as an investors. From the home visit we agreed to attend a final session in their office. At this we were asked to invest in a property in Rockhampton, Queensland. This including more number crunching/more promotion re the property and security for retirement, highlighting any superannuation issues etc.

It started with a finance company providing the investment figures and projected costs, rent, capital gains etc. It was high pressure selling try to get us to sign up on the day to the investment property. It included a 7 day cooling off period if we did not want to go ahead. However they attempted to obtain a $1545 deposit and get signatures to start the investment processes, We were advised that we may not get some of the deposit back if we pulled out during the cool off period.

We then spoke to Graeme Holm . He took us through how conduct research and purchase high potential/growth property (with a potential to get about 7% capital growth) and high supply/demand. We were advised of the location/land and house offer. My wife and I ultimately left without signing advising we wanted to conduct Due Diligence on the Offer and Company. I have to say on the surface the offer and the way it was presented seemed pretty good with little work for the investor??

The location was in Rockhampton or if we wanted Yapoon QLD. The block offered was about 5 minutes from the beach, land =670 sq m, House = 167 sq m – 4 bedroom, 2 bathroom, 2 car enclosed garage, outdoor patio/alfresco. House is cyclone specked has all chattels fitted, tiled, carpeted and painted, landscaped all ready and designed to attract and move in tenants. The house/land was 390K all up approx. The land was $164k, the house 226k. The total loan quoted was $414000.

The difference included add–ons for land stamp duty, a one of finance fee -6K to setup loan, paperwork re property management, insurance, deprecation doc, tax variations etc. 7.4K to cover insurance, agent commissions, letting fee, rates, any maintenance, pest control, independent Post settlement inspection, Real Estate Property management fees. Plus funds to cover payments whilst house being built and rented.

Infinity Group Australia seem to target investors who have paid their principle residence off (or have the funds) to invest in a property with a QLD developer. They minimise investor involvement in the setup of loans, tax adjustments, legal work, Conveyancing, managing tenants, insurance etc with little initial out of pocket outlay for the investor –all covered by the loan and any security (about 20% of the loan) which is generally covered by or via loan over part of a part of the principal residence.

The Income- The rent quoted was based on minimum of $420 pw (rented for 48 weeks pa). After tax reductions-variations, rental income and other expenses the initial per week out pocket to me was quoted as $68 pw. Reducing to nil after 3 years. They calculated the loan would paid off in 8 years via an offset account and the funds I had going into it.

We called a local agent and have found out that the properties are worth $280,000 MAX and the rent is only $280 a week. Do you research everyone.

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2 comments
Cleveland P Naf

Do not beleive any company promising you High yields or Return on Investment with High APRS. Crypto investment scam companies are all over the internet $269k+ gone in thing Air.

I almost Died, If not for Mrs. Jeanne whom I hired to recover my money for me. She did an excellent Job recovering all my money within few weeks.

I wouldn't wish my worse enemy to experience this kind of scam. It can make a grown make reckless and even decide to commit succid* If you are still looking for a way to recover your money, Try contacting her on Telegram; (Jeannepas) But if you have found a better way, you can as well share it here so that others can see a way out to recover their money.

Guest

Stay away from https://infinitygroupaustralia.com.au Graeme Holm (the face of the operation) Rebecca walker (the one taking all the benefits of the operation) Queensland builders (the money behind the operation) Infinity Group Finance Pty Ltd, ACN No. 609 88* *** holds an Australian Credit Licence 505926.

To opt out of marketing communications please do so in writing to PO Box 6068, Baulkham Hills NSW 2153 or via email at info@***.com.au Any information or advice contained on this website is of a general nature only and was prepared without considering your personal objectives, financial situation or needs. Before acting or relying on this advice you should consider the appropriateness of this advice having regard to your personal circumstances and objectives. You should also obtain a Product Disclosure Statement in relation to any financial product prior to making any decision about whether to acquire the product from the selected advisor/Firm.. Wealth Creation, Self-Managed Super Fund and Retirement Strategy services are not authorised by Infinity Group Finance Pty Ltd, ACN No.

609 88* *** and it’s Australian Credit Licence 505926 and the services provided by Infinity Group Australia Pty Ltd or associated entities or referral partners are subject to their own individual licenses for products and or services provided. In relation to the opportunity to show clients how to pay off their home mortgage in half the time, candidates must allow Infinity Group Finance Pty Ltd, ACN No. 609 88* ***, Australian Credit Licence 505926 to make a formal assessment of their financial position, involving a free 30 minute in-office or in-home financial health check and a second appointment with one of our accredited Mortgage Brokers at one of our office locations. Lump sum deposits including but not limited to lottery winnings, inheritance or any other payments considered to be outside the scope of your standard mortgage repayments as determined by Infinity Group Finance are excluded from the analysis.

All potential payments will be at the discretion of the Infinity Group Finance’s Director’s. All relevant information requested by Infinity Group Finance must be provided by the client to complete the formal assessment.

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Peter S Ngr
map-marker Bella Vista, New South Wales

INFINITY GROUP AUSTRALIA - GRAEME HOLM IS A SCAM

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Most of todays property investors down-under are more or less all trapped in the same manner. They come under the influence of someone that they believe is an investment property expert. These so-called experts capture the dream of property investors in a number of ways. Usually they make telephone calls offering fantastic personal tax savings; they will usually also offer you a FREE In-Home Consultation with a wealth building consultant; sometimes they will place large colourful advertisements in large daily newspapers or monthly property magazines or they will hold seminars or conferences as they are also sometimes called. Infinity Group Bella Vista have tried all of these over the years. They hold themselves out to be the all-round good guys, talking about how they love helping people create wealth in todays market. A lot of these so-called property experts will share 'success stories' with you and Infinity Group Bella Vista is no exception.

..... They usually boast about other investors who have bought from them in the past and Graeme Holm the CEO of Infinity Group Bella Vista has even talked about one person who now owns several properties (i.e. 40) worth several hundreds of thousands of dollars and says that his client only has an income of $40,000 pa from his day job, but his properties they are worth into the millions. They making themselves out to be far richer than any of their investors with the number of investment properties owned. Infinity Group Bella Vista even makes a big deal about how they donate money to charities or set up programs for the under-privileged. And, year in and year out, thousands of people fall into the trap and buy their properties that are very over-priced (a profit of around $30,000 to $50,000 per property) and usually they will also offer a guaranteed rental return in order to off set a poor rental return. Oh, dont forget the property management rights that are usually also offered more commission for the sharks.

Check-out the following:- The Age Newspaper Melbourne Graems staying positive about the negative Lawrence Money and Suzanne Carbone April 10, 2008 MORE exciting news on property: the Infinity Group Bella Vista outfit has hit the Melbourne airwaves with a jingle-jangle radio campaign offering lucky Melbournians "hand-picked" real estate bargains all over the place. Odd though, their website says they want to flog you "positive cash flow" properties, but when Diary phoned, someone named Paula said: "Most of our properties are negatively geared because you get more tax breaks." What the website doesn't mention is Infinity Group Bella Vista director Graeme Holm recent bad luck. He is being sued by the Roosters for renegging on a sponsorship deal - obviusly to get more money out of people.

Hey by-the-way, dont let Infinity Group Bella Vista tell you they operate around Australia. Many people will live outside the area in which their investment is located and never know that they could have done a lot better with their investment. They may think a gross profit of $100,000 is good but they could have missed-out on a gross profit of $200,000 or more. Easily. Just remember that it takes almost no intelligence to buy property.

Any fool can sign a contract on the day, especially when a property expert is telling them that "historically property is a wonderful investment". These property so-called experts have lots of great sounding clichs to encourage you to buy. They'll tell you that it's "time in the market" not "timing in the market" that's important and that the sooner you get in the better off you'll be. Garbage; Timing is one of the most important factors when investing in real estate, but what's more important is the price you pay.

Price is very important - as is the location. The golden rule (which you break at your dire peril) is to NOT take advice from an adviser who is selling you the property and GRAEME HOLM is one of these advisors. And it's astonishing how thousands of investors break this golden rule. Get independent advice (before you sign anything with Infinity Group Bella Vista, and do your homework first) and make it subject to finance also and if you want to make the best property investment possible, and then start off by also making one of the best pre-purchase investments - an independent valuation (dont let anyone tell you the bank will do it for you). It'll be the best few hundred dollars you could ever spend. But whatever you do, beware of any or all of the big three signs of a sub prime investment. A big advertising campaign, a slick seminar at his lavish offices in Bella Vista or a 'personal consultation from this company'. There is no respect for anyone only the greediness of his company for your money.

Now, tell me that you would like to deal with Infinity Group Bella Vista or Graeme Holme aka - The CONMAN

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Loss:
$100000
Reason of review:
Bad quality

Preferred solution: Full refund

18 comments
Guest

It's a very simple question for future clients of Graeme , Adkins him why he was sacked by Waetpac, and was he stealing clients deposits after banking hours at Netang branch, qld . This is the actual question of personal lalitity of the man? Any persons, consididering doing business with this low life, please call Westpac, to get a reverence , period!,!.

Guest

This is terrible. When money is at stake people get greedy.

Get educated people. Do it yourself *** will be suckeeed for life.

Kanda Ipn

Hi, I am investigating this company and it would be good to speak with you further, if possible. Feel free to email infinityissues@***.com. Thanks.

Guest

Graham. Graham rip off.

Bellavista. Rip off rip off rip off. Bellavista scam.

Infinity investments. In 15 minutes scam.

Guest

Graham is a scammer. He will pretend to be your friend and then steal money from you.

She is not a good man. I have intimate knowledge about his internal workings. Be careful of investments. The careful of infinity investments.

Be very careful of Graham. He is a very this honest and deceitful man. He will take money away from the poor and give it to him self. He is in a big mansion.

She stole this money from people. He is a scam he is a rip off rip off rip off rip-off scam scam scam rip-off rip-off scam scam scam

Guest

Infinity Group Australia Bella Vista Graeme Holm SCAM SCAM Property and budgeting scam. LIAR LIAR LIAR SCAMMER GRAEME HOLM BELLA VISTAInfinity Group Australia Bella Vista Graeme Holm speak about best rates and helping families and small businesses but never do anything about it.

Infinity Group Australia Bella Vista Graeme Holm day they want to help reducing your debt by a phoney budget program..this is scam.Infinity Group Australia Bella Vista Graeme Holm say its mission is to eliminate debt and start us on our way to creating wealth and securing your future.

Grrrrrn this is rubbish Infinity Group Australia Bella Vista Graeme Holm reckon they have a unique debt reduction service which helps you pay off debt and pay off your home loan in half the time. LIARS LIARS AND CHEATS AND SCAM.

Guest

Can’t believe that Graeme Holm is still selling over priced invatment prooerties. When will people listen and learn.

He has been skimming off the top for years. He has hurt som many people by selling overpriced investment properties.

He is making $50,000 per house and unit he sell. He needs to be stopped.

Guest
reply icon Replying to comment of Guest-1499064

He is a scam Graeme Holm

Kanda Ipn
reply icon Replying to comment of Guest-1499064

Hi Carol, I am investigating this company and it would be good to speak with you further, if possible. Feel free to email infinityissues@***.com. Thanks.

Guest

how can people like this sleep at night?they must be still out there calling people every day. I pray to god that people see these messages before dealing with Graeme Holmer

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James L Wur

Infinity investments rip off Graeme Holm scam

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Infinity investments rip off and Graeme Holm scam from Infinity Investments Rip Off ripped off my family by selling them an overpriced Queensland property.

There are bad apples in every bunch, and Infinity investments rip off and Graeme Holm scam are bad apples.

Unfortunately, the property sector is largely unregulated when it comes to fraudulent “aficionados” because a licence isn’t required in order to describe yourself as an “expert”. Infinity investments rip off and Graeme Holm scam call themselves people that can help you.

So, it’s up to you to spot the Real Deal from those who are only in it to line their own pockets like Infinity investments rip off and Graeme Holm scam

Infinity investments rip off and Graeme Holm scam

But how do you know who can walk the walk, and who’s just talking the talk?

Spotting the deception at play…The main goal of a property spruiker like Infinity investments rip off and Graeme Holm scam is to profit. If this means he gains money at your expense, so be it.

Infinity investments rip off and Graeme Holm scam does this in a growing number of ways, ranging from the blatantly obvious to the downright sneaky, and his ploy can often start with something as simple as a phone call or a Facebook message.

Infinity investments rip off and Graeme Holm scam usually offers a tablet or another “free” gift that entices them to come to your home. Infinity investments rip off and Graeme Holm scam promises to teach you how to become wealthy quickly, or he might offer a follow up visit at his lavish offices at Bella Vista with one of his “expert consultants” to discuss the benefits of investing, but whatever their approach, it’ll likely sound too good to be true.

The aim is just to pull you in with intrigue and the promise of big money, and unfortunately for many unaware Australians, it works.

If you’ve been approached by Infinity investments rip off and Graeme Holm scampeddling something similar to the above, put on your detective cap and get sleuthing.

Google his name and the his company.

Check out his website (and if everyone has no qualifications or are washed up footballers - RUN FOR YOUR LIFE ), look at their Facebook and other social media pages, and listen to your instincts.

If a Google search ties their name to previous scams or bad reports, take that as a definite sign of shiftiness and cease all contact with them.

Some more “red flags” to be aware of are:

* Someone who has a stock list of properties to sell you.

* Anyone who offers “advice” before they have found out all about you, your needs, your plans, your risk profile;

* Feeling pressured to rush into saying yes quickly to whatever it is they’re offering, whether it’s deciding to sign up with his company to gain advice and any other sales tactics.

* Any suggestion that their scheme is approved by a government sector like the Australian Tax Office or Australian Securities and Investments Commission (if you’re told this, a simple phone call to that sector can help you confirm whether it’s true or not, and if it’s not they will be able to provide sound advice as to how you can deal with the spruiker).

* Infinity investments rip off and Graeme Holm scam also “helps” you by paying fees by way of a personal loan or credit allowance.

* Sidestepping or refusing to clarify any questions or concerns you might have (because an unwillingness to be helpful or transparent just screams dishonesty) is another system of the Scamster RIP OFF MERCHANT Infinity investments rip off and Graeme Holm scam

* Downplaying the risks and related costs that are involved in property investing, and/or an inability to substantiate their claims of profit and success.

The Real Deal

Luckily, there are a range of property advisors in Australia who genuinely can help you get ahead financially by providing sound and reputable advice but certainly not Infinity investments rip off and Graeme Holm scam. He is a scamster and a RIP OFF ARTIST THAT SCAMS PEOPLE INTO BUYING QUEENSLAND INVESTMENT PROPERTY.

You don’t need a licence to be a property advisor in Australia, Infinity investments rip off and Graeme Holm scam doesn’t have any creditable licence or membership.

He ruins people’s lives and works with VOW FINANCIAL AND MYPLANNER that help him with his scam.

Any advisor worth their salt should be willing to show you industry memberships or certification of skills if you need your fears assuaged, so don’t be afraid to ask questions.

A professional property investment advisor should be clear and concise when explaining the ins and outs of investing to you, and they should be happy to answer any questions you have to ensure you completely understand everything.

An advisor’s goal should be to assist you in matching their investment plan to your risk profile, to help you avoid getting into a financial situation you’re unable to deal with, and they categorically won’t be trying to push you into a Queensland investment property that is overpriced into an area that is set to be a landlord slum. Your getting ripped off by Infinity investments rip off and Graeme Holm scam.

Infinity investments rip off and Graeme Holm scam is a property spruiker that wants to take your money and RIP OFF your family.

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Reason of review:
Not as described/ advertised
3 comments
Guest

I wonder if Infinity has a licence to advise and transact on SMSF for clients ? from the Time he began running his investment scams from Bella Vista .

You may be surprise if you if you check those years of operation especially running various unlicenced financial schemes. Doubt if ASIC would fine these people big big time so that it sends out a loud and clear message and not like a toothless tiger

Guest
reply icon Replying to comment of Guest-1605585

Hi Anon, please email infinityissues@***.com or markhajen1968@***.com.au to confidentially whistleblow

Kanda Ipn

Hi @HonorableCanaanDog, I am investigating this company and it would be good to speak with you further, if possible. Feel free to email infinityissues@***.com. Thanks.

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Anonymous

Been conned buy this jocker

Graeme was sacked from Westpac for taking everyday punters deposits after the branch closed at the Nerang branch , qld. He was also under investigation for his loans for SMF , that he he found a loop ho,e in the Westpac auditing process, processing the loans as principle private property loans.

He was summariily dismissed by Westpac for this .

Don't believe that Graeme's " rebuttle of the banks"

He is a pure scammer,! He also committed a criminal account by acting as an an agent of Ms Susan Framakis , taking a deposit bond of a retired man in Broadbeach....

Do your home work friends

Graeme works with Provident Super Invvestments. mr Tim Casey. Property spur kier. A total shame

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Reason of review:
Bad quality

Preferred solution: Price reduction

27 comments
Guest

https://www.smh.com.au/national/sharks-and-snark-circle-infinity-as-businessman-tackles-troubled-waters-2019****-p511cl.html

Guest

Graeme Holm westpac Banking Royal commission scam. Taking money mongrel. Hurting financial planning client hurt scam why Graeme why.

Guest
reply icon Replying to comment of Guest-1643337

I hope Asic takes the scammer down and fast.

Guest

Graeme Holm Rebecca Walker infinity group AUSTRALIA Bella vista SCAM

Guest

Infinity investments rip off and Graeme Holm is a a scam at Westpac.

Guest

Graeme Holm Westpac Scam. Rip off. Property Spruiker

Guest

It's a very simple question for future clients of Graeme , Adkins him why he was sacked by Waetpac, and was he stealing clients deposits after banking hours at Netang branch, qld . This is the actual question of personal lalitity of the man? Any persons, consididering doing business with this low life, please call Westpac, to get a reverence , period!,!.

Guest
reply icon Replying to comment of Guest-1613669

Hi Anonymous, please contact us. We would like to hear your story.

So many have come forward.

If you know more let us know. He has hurt so many people.

Guest
reply icon Replying to comment of Guest-1617345

Thanks for your information. Can’t belive he knew the valuers as well as the Banker s approving all the loans .

Guest

Graeme holm is ripping off Pensioners and people in old persons home to buy his wife Rebecca expensive jewellery and handbags.

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Anonymous

GRAEME HOLM STOLE MY MONEY

Hi, I have not posted Eva before but need some help. I am 58, single and have seen Graeme Holm from infinity group Australia at Bella Vista after I got a call to receive a tablet (that I gave to my granddaughter), it was a very nice present to her the reason I need help is because I have only 100,000 to pay off my home loan and he says he can show me how to do it in 48 months if I pay him 3600 per year and buy a property in QLD.

He showed me a lot of graphs and pictures when I saw him and I thought he was a very smart man. He help alot of charities and has a lot of qualified and does lot for the community. . My daughter said to ask on the internet before I do something like this because last time I bought some solar for our roof and the company went bankrupt and I lost my deposit of $6,000.

The office was very nice and. The staff were good to me. I wat to go ahead but I’m worried that I will lose my money. It’s all I have till I retire.

They said they can do a self managed super for me as well and loom after it all for me for no price.

If anyone can give me some help would be really kind. Thank you lynelle.

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Reason of review:
Problems with payment
13 comments
Guest

Man! a Tablet I wish I had one. I think that this article needs to be spelled checked.

Kaedynce Ike
reply icon Replying to comment of Guest-1673987

I agree. Graeme Holm scam scam Rebecca walker scam. Infinity scam.

Guest

Despite being fairly careful about these sorts of things normally, I managed to get myself and my wife into a situation where we now have mortgages over two properties in Queensland which are currently valued around $40k under what we paid for them, buying on advice from Infinity Group. At this stage we are holding the properties, both are rented out and we make a small premium each year on the rentals, so they're not physically costing us money, but they need to go a long way before they are making us money.

If, as I have heard, the reason we over paid for the properties is the $50k (plus or minus) in undisclosed commission paid to either Infinity or to Graeme Holm through some other funnel (it seems he has multiple ways to hide such things), then he has cost my wife and I $100k, plus whatever interest we end up paying on that. If this is all true and can be proven I would love to know my options, my rights.

I asked multiple times how he made money from the relationship. At no stage was there any disclosure about what amounts to a 15% - 20% commission on the sale of the properties - something I would simply never have agreed to.

Guest
reply icon Replying to comment of Guest-1576058

Peter, please contact Mark Hajen I knownhe is in contact with reporters that will expose Graeme Holm. His contact is markhajen1968@***.com

Guest
reply icon Replying to comment of Guest-1576058

Hi Peter, please email infinityissues@***.com or markhajen1968@***.com to confidentially whistleblow.

Guest

SCAM SCAM RIP OFF RIP OFF

Guest
reply icon Replying to comment of Guest-1516299

Don’t you work for this joker Craig????????

Guest

Property is dominating all the headlines of newspapers and media outlets around Sydney and Australia. So anybody who can qualify for a loan appears to be trying to jump on the bandwagon.

And of course, when any asset class is booming, the predators arrive.In this case, they are called property spruikers, and judging by what I’ve read about Graeme Holm from Infinity Group Bella Vista and his scams people are falling victim every day!The phone calls always follow the same pattern. A woman I will call Rebecca is just one of hundreds of his victims. She is 41 years old, single, and lives in working class suburb in Sydney. She had worked hard to pay off her home, and was almost debt-free.

A year ago she got a call offering a Tablet and accepted an invitation for someone from Infinity Group Australia Bella vista Graeme Holm scam to come to her house.The presentation was supposed to be free – it cost Jane more than $200,000. Graeme Holm the property spruiker runs an all-in-one shops for broking, conveyancing, financial planning (Money Management Masters Scam James Lucas)The presentation always follow the same pattern. The victims are given a long spiel about the growing pressure on government budgets caused by rising life expectancies, and are then shown vivid illustrations of the life of poverty that will be faced by those who don't take steps to provide for themselves.Then comes the sting – the way to wealth is to budget with Graeme Holm From infinity Group Australia Bella Vista Scam and then refinance with VOW Financial and then it comes you must negative gear into residential property in Queensland.This is followed by complex illustrations by Graeme Holm Infinity Group Australia Bella Vista Scam showing how quickly you can pay off the mortgage on your home by using the rent from the investment property to speed up the repayments. The cream on the cake is the huge amount of tax that is going to be saved, but the real cream is lining Graeme Holm Infinity Group Australia Bella Vista Scam’s pocket.That of itself is reasonably harmless – the killer blow is that Graeme Holm Infinity Group Australia Bella Vista Scam then convinces the victim that the best property for them is one that the spruiker, or its associates, will build on their behalf TYPICALLY IN QUEENSLAND!Unfortunately, Rebecca fell for Graeme Holm Infinity Group Australia Bella Vista Scam and found herself the owner of a property in a lower socio-economic area, in Queensland, for a total cost of $421,000.Graeme Holm Infinity Group Australia Bella Vista Scam set up a series of loans but it was done in such a convoluted fashion that Rebecca felt all she was doing was "robbing Peter to pay Paul".

After a few months she also noticed her debts were rising, not falling as promised.By this stage the alarm bells were sounding. And it didn't take much research for Rebecca to realise she'd been sold a dud. Eventually the property sold for $299,000. In just two years, Rebecca has gone from owning a debt-free home to being saddled with a debt of more than $200,000.There is now a growing pile of files in my office showing that Rebecca’s situation is becoming increasingly common.This area is totally unregulated – this is why you will be on your own if you get Scammed.

Fortunately the scam is easy to spot once you know what to look for.First. The approach will always come from the spruiker. This will either be by a phone call to urge you to allow Graeme Holm Infinity Group Australia Bella Vista Scam to come to your house for an interview where you'll be shown how to budget and save tax while paying off your home faster. This is to get you in so they can put you under their spell.Second.

Even though any seasoned property investor knows the way to wealth is to search out bargains for yourself, Graeme Holm Infinity Group Australia Bella Vista Scam will take control and try to convince you that he is the only person who can find the right property for you. This is so they can sell you an overpriced property in QUEENSLAND!Third. There will nearly always be a building contract involved and the rationale is that you'll save stamp duty, get a new home, and therefore bigger tax breaks. The real reason is it gives Graeme Holm Infinity Group Australia Bella Vista Scam a better chance to load the price.Four.

In most cases, they will be a one-stop shop – once again, to stay in control. You will find they control the lawyer, the mortgage broker, the financial planner, the builder and the managing agent.Five. The properties will usually be in outlying suburbs and in lower socio-economic areas. Often, the properties offered will be in a different state to the one you live in.Six.

There will invariably be a mortgage required over your own home. The last thing Graeme Holm Infinity Group Australia Bella Vista Scam wants is for you to get a valuation on the overpriced property they are trying to force on you.It's a sad state of affairs, and I urge you to take careful note of what I have written and circulate it is widely as possible.

Right now the only protection we have is to take care of one another. STAY AWAY FROM Graeme Holm Infinity Group Australia Bella Vista Scam.

Kanda Ipn
reply icon Replying to comment of Guest-1510579

Hi Stacey, I am investigating this company and it would be good to speak with you further, if possible. Feel free to email infinityissues@***.com. Thanks.

Guest
reply icon Replying to comment of Kanda Ipn

Hello, Graeme Holm has gagged us with an order we cannot talk to anyone but he is a criminal and stealing money from people’s superannuation. What can we do.

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Anonymous

DONT BUY WITH GRAEME HOLM OR THIS BELLA VISTA

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I posted this on another website and had a lot of help and want to help other people in same situation. Goto another lawyer.

I was recently called by Infinity Group Australia at Bella Vista Sydney.

They called me and said that I entered a competition online and I didn’t win the main prize but said I have won a tablet. I saw them in my house and got my tablet then thwy wanted me to come into the office to meet with there Boss Graeme Holm. I met with Graeme Holm and he told me that he owns a lot of properties and that he is rich and that if I want to be rich like all his clients that I should follow his advis he did seem to know what he was talking about he had a lot of charts and graph. He told me I should buy property in quensland he said he has good ones just for me and that he will give me a discount if I buy now.

I signed contract last week but now I have read these reports because my daughter sent it to me and I am worried. She also sent me rip off report about people budget and that people lost a lot of money. I am worried now I made a bad decision. Can I cancel.

He told me to use his lawyer and also his finance company because they are award winning. He seem like a nice man but the property were in place that flood and my daughter said will not rent anymore. I’m over 55 and want to make a good decision .

Please help. I know there is no such thing a a lunch that is cheap, I’m worried.

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3 comments
Guest

It is clear another scam has been uncovered in the Graeme Holm saga. This time it involves his financial planning business Money Management Masters ACN 601 36* 803.This company was registered on the 20th August 2014 and guess who was the Director, none other than Rebecca Walker (Graeme Holms wife) Yes, you guessed it correctly, Graeme Holm appointed his wife as the Director of his Financial Planning Company.

Of course he would have disclosed this in his statements of Advice! Of course, he did NOT.In fact he constantly breached the Law by not disclosing that his wife Rebecca was the Director to all the unsuspecting and Naïve purchasers of his overpriced Queensland property. It doesn’t end there, it gets worse, because he never trusted his wife, he made the share holder, yes you guessed it a company that he owns.This Company Pro5per Investments Pty Ltd ACN: 604 24* 832 is at his registered address at his mansion at Woolooware Road, Burraneer, NSW 2230. What a gentleman, put his wife up for all the risk and then takes all the profits.

Nice guy. Imagine how he treats his clients.Graeme being the smart business man must have got some legal advice (Or realised he’s really in love with his wife) because he found another person to front his Financial Planning company, this time by way of an unsuspecting person by the name of James Lucas, who born in 1983 surprisingly lives in a commercial office building in that place where dreams and scams are made THE GOLD COAST!So on 5th February 2015 Rebecca decided not to put her neck in the noose and instead swapped roles with Mr. James Lucas, (or did Graeme have a change in heart) but not totally because Rebecca was still secretary of the company Graeme recommends set up self-managed superannuation funds for another 18 months till they relinquished control entirely on the 29 November 2015.But Graeme didn’t really lose control at all, this straw director , Mr. James Lucas, now just fronts for Graeme because he is holding the shares for him under a trust.

That’s why his shares are not beneficially owned, they are secretly owned by Graeme, because he doesn’t trust anyone. His lawyer hold all the trust deeds, just ask him.So here it is:* •Infinity Group Australia canvases unsuspecting Mum and Dad Investors to buy over priced properties in Queensland, by offering them a tablet.* •Graeme Holm recommends people set up a self-managed superannuation fund via a company that his wife was a Director and he is shareholder.* •Graeme Makes $50,000 through his property real estate company RG FAMILY REALTY GROUP PTY LTD 169 10* 128; in commissions that he doesn’t disclose to his clients. He doesn’t disclose this in any statement of advice. He doesn’t disclose this on his credit guide and it certainly isn’t represented in his contracts for sale.

He is in breach of his financial services obligations and his credit obligations. FACT he has sold for so many developers.* •Graeme makes $3,000 -$4,000 off his budgeting program that he buys for $100 and sells to each client and also charges them 10% of whatever they save for the privilege.* •Graeme also makes money for establishing the Self-managed superannuation fund for each of the clients and this comes back to him because of his secret undisclosed Trust arrangements that he setup on the Gold Coast.* •All this can be seen by the way the money funnels through all his bank accounts. He has never disclosed this. WE are watching you Graeme Holm You will be EXPOSED.

You shouldn’t have ripped us off.* •His previous AFSL provider BALLAST FINANCIAL MANAGEMENT AFSL 233180 ACN 086 60* 041 terminated his agreement on the 15th August 2015 because of irreconcilable differences, mainly complaints about selling overpriced investment properties in QLD to unsuspecting MUM and Dads.* •Graeme then contacted MY PLANNER [AFSL 345905 ACN 140 52* 225] and on the 15 July 2016, Money Management Masters ACN 601 36* 803 commenced with MY PLANNER as an authorised representative. Graeme’s straw Director James Lucas was granted accreditation. MY PLANNER didn’t know about the conflicts in the background, because Graeme Holm would have told Lucas not to tell them anything about it. Just wait until the wave of complaints come when people realise they have all been ripped off by $50,000 for each property they sell and the budget doesn’t WORK!!!!With over 20 companies that Graeme Holm is either the Director or Shareholder or related arty to, there is no doubt there are so many conflicts.1.

1.A.C.N. 617 21* 331 PTY LTD2. 2.FIXED TERM CAPITAL PTY. LTD.

ACN: 620 41* 681;3. 3.ICLICK PROPERTY PTY LTD ACN: 159 06* 229;4. 4.FLYING MYSTIC PTY. LTD.

624 32* 377;5. 5.HILLVUE GARDENS PTY LTD 617 23* 859;6. 6.INFINITY GROUP NORTH BRISBANE PTY. LTD.

620 71* 496;7. 7.STRATEGIC INVESTMENTS GROUP PTY. LTD. 149 64* 300;8.

8."20" PETRIE VILLAGE APARTMENTS PTY LTD 608 61* 845;9. 9.PRO5PER INVESTMENTS PTY LTD 604 24* 832;10. 10.HOLM INVESTMENTS GROUP PTY LTD 150 11* 119;11. 11.ASHMEN WEST REALTY PTY LTD 600 54* 546;12.

12.INFINITY FINANCIAL SERVICES GROUP PTY LTD 168 47* 295;13. 13.INFINITY GROUP FINANCE 609 88* 607;14. 14.INFINITY GROUP SPORTS & ENTERTAINMENT FINANCE PTY. LTD.

610 93* 747; INFINITY INVESTMENTS GROUP AUSTRALIA PTY LTD 164 00* 166;15. 15.NATIONAL DEBT ADMINISTRATION SERVICE PTY LTD; 169 10* 119;16. 16.RG FAMILY REALTY GROUP PTY LTD 169 10* 128;17. 17.ZAVANI DESIGNS PTY LTD 600 *** *****.

18.PMQ HEALTH & FITNESS PTY LIMITED 608 67* 649;19. 19.ENZO FAMILY INVESTMENTS PTY. LTD. 620 46* 527;20.

20.AUSTRALIAN PROPERTY LAWYERS PTY LTD ACN: 603 25* 176;21. 21.MONEY MANAGEMENT MASTERS PTY LTD ACN: 601 36* 803;22.

22.PROVIDENT SUPER STRATEGIES (AUST) PTY LTD ACN: 605 16* 212; TRANSFORMATION AUS PTY LTD ACN: 161 56* 194RUN RUN RUN AS FAST AS YOU CAN. Don’t let Graeme Catch you.

Kanda Ipn
reply icon Replying to comment of Guest-1513537

Hi, I am investigating this company and it would be good to speak with you further, if possible. Feel free to email infinityissues@***.com. Thanks.

Guest

GRAEME HOLM SCAM RIP OFF

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Anonymous

Go get him

Yes Graeme was putting through the fraudulent SMSF loans for Stanley On High through Westpac Nerang. David was going direct to Graeme, even though he had a broker sitting in the next office next to him. He was sub leasing to this broker Joseph Ghousien . Actually David sold the said brokerage business you mentioned to Joseph.???? All other loans for other legitimate transactions where all going through Joseph, bar dodgy SMSF loans. Then when Graeme got the boot, David Zest group employed Graeme, with a cancelled real estate licence. As far a I am aware, zest Darwin is legitimate and per haps Mr Anthony was in a bind and goy caught in the liars web. There is also major structural issues with Stanly On High. This was caused by another South East Qld dodgy builder/ developer. Best of luck
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4 comments
Guest

Thank you Anonymous. You discreet input is very helpful with this investigation.

Guest

Dear InfinityIssues, i own a property at 96 High Street, Southport I purchased for $325,000 and now its only worth $175,000. Graeme got a loan for this with westpac and did it in my own name and not my company name wven when it was for my self manged super fund and now i have been audited by the tax office and lost a lot of money He said it was approved to do it. I have send all my documents to Mark .

Guest
reply icon Replying to comment of Guest-1559029

Greame did many of these loans as in a personal investments capacity, circumventing westpacs criteria. He did this to get a higher commission from the bank.

He knew that not disclosing this made the investor highly exposed to taxes at a much higher rate . He shredded the company and tax debts of the superannuation documents and put his clients into a complete , train wreck and made these transactions completely unavoidable under the tax act. He was payed huge cash, hand shakes by David Anthony- Zest Meanwhile he was payed major commissions by the bank , who was totally u aware of his deceit . David Anthony of Zest, was very compliant to this and gave Graeme thousands of dollars in cash bonuses, 10- 15 brand at a time on golf days and even sub leased a BMW 5 series to him in 2010 through his financier Mr Joseph Ghousien.

Check the money trial ASICIC Greame the was employed as a sub contractor by David Anthony.

He did not hold a current Qld nor NT real estate licence but sold down many of Zest Homes properties in NT and Qld.he personally meet with clients as a licences in Darwin, he also was mentored by Frank Anthony the developer. Greame is as pathological liar and will scam anyone

Kanda Ipn

Hi, I am investigating this company and it would be good to speak with you further, if possible. Feel free to email infinityissues@***.com. Thanks.

View more comments (3)
James L Wur
map-marker Bella Vista, New South Wales

Graeme Holm ripped me off

stars-rating-full stars-rating-full stars-rating-full stars-rating-full stars-rating-full
Graeme Holm is a scammer. He is ripping off so many Australian.
View full review
Anonymous
map-marker Bangkok, Krung Thep

STAY AWAY FROM THESE SCAMMERS

stars-rating-full stars-rating-full stars-rating-full stars-rating-full stars-rating-full
I have two relatively small policies with these scammers. Both policies have lost money but my issue is with the lump sum policy. 1,500 pounds went out before the policy started, with no explanation, and 3,000 has gone out in 4 years. The policy itself hasn't made any money so not only have I lost out on charges but I've lost out on the money I'd have made had I kept it where it was with Mercer. (I switched because I'd never had a statement and Infinity traced my frozen pension). Strangely, everything I invested monthly for 4 years disappeared but after I told them what scammers they were my policies stabilised. Coincidence? In the long term they've lost out because had my policies performed in any way in a normal fashion I would have invested way more than I have done, but I suppose scammers only look for short term rip-offs.
View full review
Cons:
  • These scammers
Reason of review:
Charges
5 comments
Guest

Funny how the facebook page absorbs your comments for screening. Don't fall for the facade of these scammers.

Guest

Hi, I have not posted Eva before but need some help. I am 58, single and have seen Graeme Holm from infinity group Australia at Bella Vista after I got a call to receive a tablet (that I gave to my granddaughter), it was a very nice present to her the reason I need help is because I have only 100,000 to pay off my home loan and he says he can show me how to do it in 48 months if I pay him 3600 per year and buy a property in QLD.

He showed me a lot of graphs and pictures when I saw him and I thought he was a very smart man. He help alot of charities and has a lot of qualified and does lot for the community. . My daughter said to ask on the internet before I do something like this because last time I bought some solar for our roof and the company went bankrupt and I lost my deposit of $6,000.

The office was very nice and. The staff were good to me. I wat to go ahead but I’m worried that I will lose my money. It’s all I have till I retire.

They said they can do a self managed super for me as well and loom after it all for me for no price.

If anyone can give me some help would be really kind. Thank you lynelle.

Guest

Graeme Holm scam.investments scam.budget scam.bella vista scam. Lost money. Don’t be next.

Guest
reply icon Replying to comment of Guest-1497530

Infinity Group Australia Bella Vista Graeme Holm SCAM SCAM Property and budgeting scam. LIAR LIAR LIAR SCAMMER GRAEME HOLM BELLA VISTAInfinity Group Australia Bella Vista Graeme Holm speak about best rates and helping families and small businesses but never do anything about it.

Infinity Group Australia Bella Vista Graeme Holm day they want to help reducing your debt by a phoney budget program..this is scam.Infinity Group Australia Bella Vista Graeme Holm say its mission is to eliminate debt and start us on our way to creating wealth and securing your future.

Grrrrrn this is rubbish Infinity Group Australia Bella Vista Graeme Holm reckon they have a unique debt reduction service which helps you pay off debt and pay off your home loan in half the time. LIARS LIARS AND CHEATS AND SCAM.

Guest

Update! Now over 5,500 pounds down. Still huge charges being taken out randomly.

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Anonymous
map-marker Machida, Tokyo

Infinity financial solutions - unregulated and unlicensed

I invested with Infinity, primarily because I trusted their BestInvest pitch. There are positives about the approach, but essential WE the consumers are getting charged 2-3 times. Once by Infinity, once by BestInvest and once by Generali/Zurich or another life firm, whereas BestInvest consumers in the UK are getting a fair deal.

They certainly aren't the worst culprits in Bangkok, but what annoys me more is that there isn't really any proper protections because they are unlicensed, as the following links show:

http://market.sec.or.th/public/idisc/en/Viewmore/invalert-head?PublicFlag=Y

http://www.thebigchilli.com/news/duped-by-financial-experts

Anybody who has any ideas about how I, and others, including those who invested in LM through other firms, can complain, let me know.

View full review
Reason of review:
Problems with payment
5 comments
Guest

These companies; Infinity, DeVere, Globaleye hire salesmen on-a comm only basis working without the relevant work permits and qualifications anyone should avoid dealing with these type of companies...

Guest

He took all my money. He won’t give it back.

He is the worst human being in the world. I don’t know why he does, I don’t know why Graham home will do this I don’t know why Graham home does this to people I don’t know why Graham home feels like this. Please help me. Please help me.

He took all our savings. He now is sending lawyers

Guest

Scam scam

Guest

Graeme Holm SCAM SND RIP OFF

Guest

Hi, I have not posted Eva before but need some help. I am 58, single and have seen Graeme Holm from infinity group Australia at Bella Vista after I got a call to receive a tablet (that I gave to my granddaughter), it was a very nice present to her the reason I need help is because I have only 100,000 to pay off my home loan and he says he can show me how to do it in 48 months if I pay him 3600 per year and buy a property in QLD.

He showed me a lot of graphs and pictures when I saw him and I thought he was a very smart man. He help alot of charities and has a lot of qualified and does lot for the community. . My daughter said to ask on the internet before I do something like this because last time I bought some solar for our roof and the company went bankrupt and I lost my deposit of $6,000.

The office was very nice and. The staff were good to me. I wat to go ahead but I’m worried that I will lose my money. It’s all I have till I retire.

They said they can do a self managed super for me as well and loom after it all for me for no price.

If anyone can give me some help would be really kind. Thank you lynelle.

View more comments (4)
Anonymous
map-marker Yue Kwong Chuen, Hong Kong

Lack of transparency

The costs of investing are not made clear. Nearly 2 years after starting a Best Invest plan, I have less money than I started with.

They claim this was explained to me and technically it is in the fine print, but the issue is they don't accentuate that the plan delivers nothing for years. They don't say "Your money will show no growth for several years because we and Best Invest are taking your money." Nor do they say "If you change your mind exit fees will prevent you from making any money at all". Exit fees are in the agreement but aren't discussed when advisors talk to you it is about the promise of security, not that you will be punished for changing your mind.

Review their Facebook page, complain to Trevor Keidan - the MD. He should know what his customers think.

View full review
Reason of review:
Not as described/ advertised
3 comments
Guest

Hi, I have not posted Eva before but need some help. I am 58, single and have seen Graeme Holm from infinity group Australia at Bella Vista after I got a call to receive a tablet (that I gave to my granddaughter), it was a very nice present to her the reason I need help is because I have only 100,000 to pay off my home loan and he says he can show me how to do it in 48 months if I pay him 3600 per year and buy a property in QLD.

He showed me a lot of graphs and pictures when I saw him and I thought he was a very smart man. He help alot of charities and has a lot of qualified and does lot for the community. . My daughter said to ask on the internet before I do something like this because last time I bought some solar for our roof and the company went bankrupt and I lost my deposit of $6,000.

The office was very nice and. The staff were good to me. I wat to go ahead but I’m worried that I will lose my money. It’s all I have till I retire.

They said they can do a self managed super for me as well and loom after it all for me for no price.

If anyone can give me some help would be really kind. Thank you lynelle.

Guest

https://infinitygroupaustralia.com.auI was recently called by Infinity Group Australia at Bella Vista Sydney. They called me and said that I entered a competition online and I didn’t win the main prize but said I have won a tablet.

I saw them in my house and got my tablet then thwy wanted me to come into the office to meet with there Boss Graeme Holm. I met with Graeme Holm and he told me that he owns a lot of properties and that he is rich and that if I want to be rich like all his clients that I should follow his advis he did seem to know what he was talking about he had a lot of charts and graph. He told me I should buy property in quensland he said he has good ones just for me and that he will give me a discount if I buy now. I signed contract last week but now I have read these reports because my daughter sent it to me and I am worried.

She also sent me rip off report about people budget and that people lost a lot of money. I am worried now I made a bad decision. Can I cancel. He told me to use his lawyer and also his finance company because they are award winning.

He seem like a nice man but the property were in place that flood and my daughter said will not rent anymore. I’m over 55 and want to make a good decision .

Please help. I know there is no such thing a a lunch that is cheap, I’m worried.

Guest

What annoys me the most about these guys isn't purely the financial loss that so many in Bangkok have suffered, but that they are unregulated. The following article shows that http://www.thebigchilli.com/news/duped-by-financial-experts.

I also note they have been fined by the regulators in HK. They are by no means the worst for this, but it means we can't effectively complain about this.

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Anonymous

Honestly speaking!

I would like to just offer an objective view here. I have also worked at Infinity and can actually sympathise with the above post. Though I would like to add that as far as things go within this industry Infinity are not a particularly bad bunch. Their downfall I feel is that they base their model upon that of a *** typical offshore advisory. They claim to be different yet judge themselves upon what others in the industry are doing. This is dangerous because if the average company are a bunch of *** then just because you are slightly better than them does not make you a good company. This attitude also touches on and effects those who work for Infinity. There is so much more that you should be offering your employees - forget what everyone else is doing, why not show them a bit more respect? As a client - yes, Invest with Infinity over the competitors out there. AS a potential employee - ?????? sorry, I feel much is lacking from the company. Down the line - does this lack of care extend on to the clients?
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2 comments
Guest

The problem is that all companies like Infinity all work the same way! They take an upfront commission from the life company they place your business with.

For instance Commissions paid to advisers are normally reflected in the product early encashment penalties or the bid to offer spread.

This commission can be into the 1000's on a regular if you are doing a lump sum they get commission on they amount you invest into the "wrapper" and also commission on the funds that they advise you to invest into (norm 4% to 8%)! Now that a lot of commission! Also then add onto the % they make when you sign up for bestinvest!

There is one way you can protect yourself from these commissions and hidden charges!

I am a financial adviser, I work with the same providers as Infinity. How ever I rebate back ALL upfront commission (that is on new regulars/lump sum/QROPS/QNUPS also any policies that you already have and I take over active management you get the commission from new fund switches) How do I make money? Well i will charge you 1% management after 1 year if I have shown you the minimum of 6% return (this is the benchmark)

To understand commissions you must also understand charges. Obviously the companies who provide financial products and fund management services are not charities and they exist to make a profit.

These companies rely on Independent financial advisers to sell their products, and as such pay a marketing fee or commission. In turn the companies who are generally offshore independent financial advisers need the commissions to cover their operational costs and pay their staff to provide ongoing servicing to their clients.

Please feel free to contact me on this email for a free no obligation financial review advice AT dr DOT com (advice@***.com)

Guest

I've met a Japanese consultant. Unfortunately, she was a very unprofessional consultant she doesn't have enough knowledge about financial related issues or products.

View more comments (1)
Anonymous
map-marker Woking, England

Bad experience

Not surprised to see this site appear.

I worked for these clowns tempted by the promise of great riches. As soon as I arrived in Bangkok the reality set in. Very little training - a few days training course and you're away. The company directors were very 'hands off' and you weren't even given a work permit. Most alarming of all - they didn't even make any efforts to check or ask for references.

They did have some good people working there but also a good number of ex car salesman and in-experienced and un-qualified advisers. Some people there really had no business in giving out financial advice to expat professionals.

If you work for this firm you will receive very little training and practically no on-going support. They have nothing to lose since they really give you nothing.

How can a commission driven company always give clients best advice?

On the other hand if you have no qualifications, no experience, no other prospects or choices in life and you can easily put your desire for commission before the best interests of your clients then I'm sure that Infinity Financial Solutions would love to hear from you.

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2 comments
Guest

Totally true, I see the ex-car salesman CEO is now out to contaminate Hong Kong.

Guest
reply icon Replying to comment of Guest-754254

Matt you are very true Trevor Keidan is an ex used Volvo salesman. Not a very nice person at all.

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Anonymous
map-marker Bangkok, Krung Thep

INFINITY FINANCIAL SOLUTIONS SCAM WITH BEST INVEST

We joined Infinity Financial Solutions as clients in 2011. At first everything seemed to be good with them.

Our investment was doing well and the service from Infinity Financial Solutions was ok. However recently we were practically forced to sign up with a company called Best Invest who now seem to have a partnership with Infinity Financial Solutions. This brought along a load of new charges that were not disclosed when we initially joined Infinity Financial Solutions. On top of that our investment started performing quite badly, as we discovered- it had only done well in the early days because of the bonus.

We feel very cheated by Infinity. We are now left with a poorly performing investment and outrageous fees.

Best Invest should be provided free of charge or not at all. Do Infinity Financial Solutions profit from clients such as us using Best Invest ?

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16 comments
Guest

Graeme Holm is the boss of this company and he is bad man. He is from Bella Vista and called Infinity group Australia.

He liar and make people go broke by taking money every month from them do not do it big scam and big problem man. He rip off man an people

Guest

Yes. I agree.

The multi-tier charges are quite excessive. The question to ask is why Infinity outsource their portfolio management to another company. It suggests that their advisers are not competent. Furthermore, one has to question their role.

In other words why am I paying a salesman to provide a financial solution that they do not control but farm out to another organisation.

Guest

The problem is that all companies like Infinity all work the same way! They take an upfront commission from the life company they place your business with.

For instance Commissions paid to advisers are normally reflected in the product early encashment penalties or the bid to offer spread.

This commission can be into the 1000's on a regular if you are doing a lump sum they get commission on they amount you invest into the "wrapper" and also commission on the funds that they advise you to invest into (norm 4% to 8%)! Now that a lot of commission! Also then add onto the % they make when you sign up for bestinvest!

There is one way you can protect yourself from these commissions and hidden charges! I am a financial adviser, I work with the same providers as Infinity.

How ever I rebate back ALL upfront commission (that is on new regulars/lump sum/QROPS/QNUPS also any policies that you already have and I take over active management you get the commission from new fund switches) How do I make money? Well i will charge you 1% management after 1 year if I have shown you the minimum of 6% return (this is the benchmark)

To understand commissions you must also understand charges. Obviously the companies who provide financial products and fund management services are not charities and they exist to make a profit.

These companies rely on Independent financial advisers to sell their products, and as such pay a marketing fee or commission. In turn the companies who are generally offshore independent financial advisers need the commissions to cover their operational costs and pay their staff to provide ongoing servicing to their clients.

Please feel free to contact me on this email for a free no obligation financial review advice AT dr DOT com (advice@***.com)

Guest
reply icon Replying to comment of Guest-1051147

So is this just a way you try and slag other companies to promote your own services? Cheap, very cheap

Guest

Do not sign up with Paul Dodd in Cambodia....you will regret it...

Guest
reply icon Replying to comment of Guest-845313

been offered a job with these guys b4 no flights paid for, no salary, no accommodation, no work permit, no leads and prbly no training either......all they offered is a landline to cold call people!!!

Guest

Having been involved in offshore financial services in Hong Kong over a large number of years, I baulk at the obviouse tactics of so called professionals slandering the names of their competitors to try and gain points by posting such utter rubbish. I would much rather see financial consultants concentrating on their clients needs and investments than taking time to rubbish the industry they pretend to represent as professionals.

I am not suggesting for 1 minute that there are not some genuine complaints on this ridiculously unregulated web site.

But by allowing totally anonymous posts and holding absolutely no one responsible for their actions is simply negligent and irresponsible. All companies from Walmart to the dry cleaners in your local town will receive complaints at one time or another, and then the person with the complaint goes to the supplier to sort it out.

If the supplier does not deal with it in a professional manner post on sites like this and get the truth out there, of course give the post the credibility it deserves by using your real name. By doing this gripe sites like this will become a valuable resource and also stop all this in fighting between ex employees and competing companies.

Guest
reply icon Replying to comment of Guest-786228

Dear Mr food, the whole point of a site like this is that poor old clients like me and those other poor fools can shout out our complaints anonymously. Considering that you provide a very poor service for your clients, where is the advantage for us including our names just so the service will become even worse - if that's even possible.

I note that somebody asked you a question below. Perhaps you should answer that first of all!!!

In the meantime, you may also wish to re-take your GCSE English which by the looks of your post you obviously would have failed.

If you are the standard by which all financial advisers are measured then we clients are all doomed !!

At least put down that MacDonald's and bother to write a grammatically correct post.

Guest
reply icon Replying to comment of Guest-786228

Infinity Financial Solution has been placed on the SEC alert watch list as unlicensed and unregulated.

Facts are therefore fitting nicely with consumers complaints.

Guest

Don't expect any reply from Infinity - they are too honest to lie online of course.

View more comments (15)
Anonymous
map-marker Kuala Lumpur, Kuala Lumpur

Poor Advice !!

A friend of mine suggested that I meet with Infinity Financial Solutions as he had had a good experience with them and appeared to have been given good advice from his advisor. The chap I was originally recommended was unavailable but instead I agreed to meet with Tom Henson.

He appeared reasonable on the first meeting and despite clearly being slightly out of his depth with a couple of my questions I decided to let him look into a savings plan for me and agreed to meet him again.

On the next meeting he was at pains to emphasise the importance of saving above a certain amount (more than I had intended) and for longer than I had envisaged. Despite my better judgement he assured me that the policy was totally flexible after a short period and could even be stopped if not affordable.

Long story short it turns out that both the amount saved per month and the length of time both impact on the amount of commission paid to him. He was only interested in his own figures. When I looked into stopping paying into the plan it turns out that the costs and charges carry on regardless!!

It appears that he is hopefully a rogue as my friend was given quite different advice by another working for the same company. I don't want to badmouth anyone here but just so people know . . . . . . . . . .

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8 comments
Guest

The advice so bad I lose all moneys he set up now in Bangkok and steam from government in trading. Graeme holm is a bad man and his wife Rebecca steal official money.

He go prison. He bad man.

Guest

The problem is that all companies like Infinity all work the same way! They take an upfront commission from the life company they place your business with.

For instance Commissions paid to advisers are normally reflected in the product early encashment penalties or the bid to offer spread.

This commission can be into the 1000's on a regular if you are doing a lump sum they get commission on they amount you invest into the "wrapper" and also commission on the funds that they advise you to invest into (norm 4% to 8%)! Now that a lot of commission! Also then add onto the % they make when you sign up for bestinvest!

There is one way you can protect yourself from these commissions and hidden charges!

I am a financial adviser, I work with the same providers as Infinity. How ever I rebate back ALL upfront commission (that is on new regulars/lump sum/QROPS/QNUPS also any policies that you already have and I take over active management you get the commission from new fund switches) How do I make money? Well i will charge you 1% management after 1 year if I have shown you the minimum of 6% return (this is the benchmark)

To understand commissions you must also understand charges. Obviously the companies who provide financial products and fund management services are not charities and they exist to make a profit.

These companies rely on Independent financial advisers to sell their products, and as such pay a marketing fee or commission. In turn the companies who are generally offshore independent financial advisers need the commissions to cover their operational costs and pay their staff to provide ongoing servicing to their clients.

Please feel free to contact me on this email for a free no obligation financial review advice AT dr DOT com (advice@***.com)

Guest

how can people like this sleep at night?

they called me last week for a meeting - thank God I saw this first

Guest

so who is devere ?

Guest

If Best Invest are so great, then let's all have access. But Infinity should not take a share on the profits.

Best Invest look great - but what is your cut Infinity ? Didn't I already pay for my plan upfront ?

Guest

I heard about this punk from Infinity. I've been informed that they use a deVere model, which is basically do what is in the interests of the consultant not the client. Long term = high commissions.

Most of the *** at infinity are deVere rejects anyway?

Guest

There is always the alternative of regular savings straight into funds without any need for a specified term (mostly 25 years!!!) and no penalties for withdrawals or stopping. No "initial allocation periods" (up to 24 months), no 7% bid offer spreads, no being chased for arrears if your circumstances change and you need to stop, even for a while (6 months - 1 year). No carrying on the initial charging structure even if you later reduce your contributions etc.

Guest

Infinity Financial Solutions Ltd takes client servicing very seriously and is always available to discuss any issues or concerns that clients may have. We do not comment on the specifics of anonymous comments placed on the internet.

As a company we are committed to the highest levels of service and quality advice. If you have a valid complaint or issue you wish to discuss then please contact us directly.

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Anonymous
map-marker Kuala Lumpur, Kuala Lumpur

Infinity Financial Solutions

I started a savings plan with Tom Henson of Infinity Financial Solutions. He advised me to save as much as I can in order to benefit from the bonuses, however in reality this simply increased the charges and therefore his commission.

I have also recently heard many bad things about this company.

I work hard for my money, if these people approach you be careful and read the small print !!!

The most frustrating thing is that companies and individuals like Tom Henson show no remorse at all - they are simply out to make money at all costs. Unfortunately countries such as this really offer no help or protection at all from falling victim to such people.

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9 comments
Guest

Is this the same company as Grame Homes infinity Group Australia at Bella Vista. Did they have another office in Kuala Lumpur?

It is very suspicion. Why do they RIP OFF people.

Guest

Cool sharing well done buddy,

Guest

The problem is that all companies like Infinity all work the same way! They take an upfront commission from the life company they place your business with.

For instance Commissions paid to advisers are normally reflected in the product early encashment penalties or the bid to offer spread.

This commission can be into the 1000's on a regular if you are doing a lump sum they get commission on they amount you invest into the "wrapper" and also commission on the funds that they advise you to invest into (norm 4% to 8%)! Now that a lot of commission! Also then add onto the % they make when you sign up for bestinvest and ongoing!

There is one way you can protect yourself from these commissions and hidden charges!

I am a financial adviser, I work with the same providers as Infinity. How ever I rebate back ALL upfront commission (that is on new regulars/lump sum/QROPS/QNUPS also any policies that you already have and I take over active management you get the commission from new fund switches) How do I make money? Well i will charge you 1% management after 1 year if I have shown you the minimum of 6% return (this is the benchmark)

To understand commissions you must also understand charges. Obviously the companies who provide financial products and fund management services are not charities and they exist to make a profit.

These companies rely on Independent financial advisers to sell their products, and as such pay a marketing fee or commission. In turn the companies who are generally offshore independent financial advisers need the commissions to cover their operational costs and pay their staff to provide ongoing servicing to their clients.

Please feel free to contact me on this email for a free no obligation financial review advice AT dr DOT com (advice@***.com)

Guest

A friend of mine suggested that I meet with Infinity Financial Solutions as he had had a good experience with them and appeared to have been given good advice from his advisor. The chap I was originally recommended was unavailable but instead I agreed to meet with Tom Henson.

He appeared reasonable on the first meeting and despite clearly being slightly out of his depth with a couple of my questions I decided to let him look into a savings plan for me and agreed to meet him again.

On the next meeting he was at pains to emphasise the importance of saving above a certain amount (more than I had intended) and for longer than I had envisaged. Despite my better judgement he assured me that the policy was totally flexible after a short period and could even be stopped if not affordable.

Long story short it turns out that both the amount saved per month and the length of time both impact on the amount of commission paid to him. He was only interested in his own figures. When I looked into stopping paying into the plan it turns out that the costs and charges carry on regardless!!

It appears that he is hopefully a rogue as my friend was given quite different advice by another working for the same company. I don't want to badmouth anyone here but just so people know . . . . . . . . . .

Guest
reply icon Replying to comment of Guest-660944

...would be interested in speaking with you. I also invest with Tom Henson and he has always seemed fairly transparent with me and I am very risk averse.

Guest
reply icon Replying to comment of Guest-712697

There is always the alternative of regular savings straight into funds without any need for a specified term (mostly 25 years!!!) and no penalties for withdrawals or stopping. No "initial allocation periods" (up to 24 months), no 7% bid offer spreads, no being chased for arrears if your circumstances change and you need to stop, even for a while (6 months - 1 year).

No carrying on the initial charging structure even if you later reduce your contributions etc.

Guest
reply icon Replying to comment of Guest-712697

Hi David,

Yes indeed, Tom is very transparent. If it weren't for the fact that he is such a fat *** he would be invisible.

Anyone else out there taken out an Aviva plan with him ? - pay all you can in to the first 18 months to get the bonuses. That was the great advice wasn't it !!!

Thanks very much for a load of *** through and through Tom. More than happy to talk to you David, but what's the point ? Will that get me my money back ??

My time would be better spent starting up a blog - no offense David.

Guest
reply icon Replying to comment of Guest-660944

Hi David

Would like to learn from your experience, is there a way that I can learn from you with regarding to this investment?

Guest
reply icon Replying to comment of Guest-717927

Yes probably. I am unsure of what to do right now and have asked Generali for some advice.

The plan that I set up has been negative for the past year and I would have been better off leaving it in my account here in Malaysia - especially now with the exchange rate so high.

I will look into leaving the plan I think.

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