Reply by Carrick Wealth Aug 18, 2015

Dear Anonymous

Firstly an apology if you feel that you have been harassed or treated unprofessionally. We certainly do not take these allegations lightly and investigate each of them that are brought to our attention.

Carrick Wealth is by no means unique with regards to how we generate our income. Locally and globally, organisations and brokerages such as ourselves, generate income via commissions. These commissions are paid to us by the various product providers with whom we place the business on your behalf.

In terms of South African legislation, all fees that are payable have to be fully disclosed, explained and agreed by the client before they are due. The same is true of the commission that is earned on each transaction by the advisor and the brokerage

Being independent, Carrick is able to source products from the most reputable financial institutions globally at the most competitive pricing, we are also able to offer our clients various pricing models that don’t necessarily entail the payment of any upfront fees to the brokerage or the advisor.

We believe that transparency is key to strong relationships and would urge you to ensure that you are 100% informed and satisfied with all charges as they relate to your investments. Should you wish to further understand how the fees and commission work, we would be more than happy to set up some time to do so.

Carrick Client Relations Team
Author's
0 comments

I have recently been contacted by a number of different members from Carrick Financial Services attempting to get me to do some sort of business with themselves.I have done my research into this company and nothing seems to fit right they seem very unprofessional and the people I have spoken to do not seem even qualified to watch my children for even a hour let alone my savings.

I have lived in South Africa all my life and yet have never came across scams like this other than people from the Cape Flats trying to mug you at an ATM. The guys on the phone said the didn't get any of my money but when I pressed them about how they made money they explained that they work on a commission basis that does not make sense to me!!

The guy then slipped up and told me what fees he would then take, I honestly find this company extremely unprofessional and inadequate to be trusted with peoples money.If Nazeer Essop contacts me again I will see red!!!!!!

Review about: Carrick Wealth Personal Investments.

Review #568968 is a subjective opinion of a user.

PRODUCT OR SERVICE Not specified
Reason of Review / Monetary Loss Other issue / Not specified
Preferred solution Not specified

Had an Experience with Carrick Wealth?

Write a review

You May Also Like

World Financial Group - Review about Ffiul from Oakland, California World Financial Group "FFIUL AGENT GUIDE SUMMARY OF CHARGES It's me Liquid, I post this not to damage them or to applaud them but just to have an official guide out there. I..." Read more World Financial Group - Hampton Bay Anon. You confirm how AWFUL the FFIUL is. World Financial Group "HB Anon, for all your righteous high-flown talk about "...Loss of cash value ...never has been deceptive..." isn't it funny how so few people--including most of the WFG agents..." Read more Millionaire Mentor Group - My Millionaire Mentor  ***TOTAL SCAM*** Millionaire Mentor Group "My Millionaire Mentor Ryan Mathews IS a SCAM!!! He 1st PROMISES you are guaranteed $500.00 if you watch a video... THEN comes the page to pay $49.00 for a space..." Read more World Financial Group - Review in Financial Services category from Sacramento, California World Financial Group "Hey it's me Liquid. I was given this in response to my "You are a pyramid" accusation. They claimed that "Why would Nationwide slap their name with World Financial Group..." Read more Tide - Bad pods Tide "I have been using the pods for a few years now and I love them however this last batch has ruined, a set of sheets, 3 pr of underwear, 3..." Read more Cruisemiles - Uploads for Clarification Cruisemiles "Now allegations of fraudulent action by Mr Lester have been proved false, I have been asked to release from file information relating to the accountant of Cruisemiles who was sentenced..." Read more Naca - LIARS Naca "Your staff does not know about how the NACA program works nor do you have respect for the time that we attend your appointments every month, to say the same..." Read more Earth Fare - "Grass-fed" maybe, "fresh" absolutely not Earth Fare "Fresh beef is red, not brown, as the mistake that I've purchased is clearly product they needed to move. Albeit, at a sale price that most will accept but at..." Read more