£18,000 a month?

This is absolutely shocking. This article says that "Advisers tend to be paid on a fee basis", thus implying that they are a salaried employee. Looking at their website, it is obvious that the fee is based on earnings - ie commission based. Only fools will believe such ridiculous "trying to be clean, or trying to appear to be clean" shoddy tactics. I know how the middle east markets work and beware - if you go there, can't produce and end up with debts, you can't fly back! Only "wealth managers" who are not good enough to be here will end up going there so they can thrive in a non regulated environment. Congratulations for giving publicity to such a shocking culture. How much did they pay you?

Posted by: Harry

A reply to Harry

I reply with interest to Harry’s post, WM Recruit works with a range of different clients across the world, some offering salaried positions others offering self employed commission only positions – somewhat similar to the UK. We only work with Clients who have integrity and we are certainly not using “shoddy tactics”. We have an excellent track record having recruited candidates for opportunities around the world; most of them are doing extremely well – no complaints. My Clients will only accept CV’s from successful candidates, as professional recruiters we are very successful at finding them. I am sure that there are a lot of Wealth Mangers who work offshore (not always non-regulated – Singapore for example) who may be slightly ticked off at Harry’s comment that they were “not good enough to be here”. Also I cannot see why Harry states that this is a “shocking culture”; it takes just a small bit of research to find out that there are a lot of very reputable companies working offshore.

Posted by: Kevin Turner