3.3K views
60 comments

I have delt with Investors Group in Canade for the last 11 Years. I invested almost $100K with them.

A few years later my investment was down to $65K. Their reason was the stock market crash. I think they are the experts, I pay them to look after my money they should have known better. Now, it is 11 years later and my money is still below what I invested.

I think thay got paid very well, and they di not protect me from the ups and downs of the market. In fact they have done nothing, they never call me to let me know what is going on.

They the experts always say that invest more, and you money should double every 5-7 years. Well, after 11 years later I am at a loss.

My recomendation to others is to think twice before investing with INVESTORS GROUP - CANADA......GLTA

Location: Broken Arrow, Oklahoma

Do You Have Something To Say ?
Write a review

Comments

chat-icon

Please avoid publishing any personal information and promotional content

You will be automatically registered on our site. Username and password will be sent to you via email.
Post Comment
Guest

Type your message herethrough my experience I do not recommend dealing with investor group at all as they have the worst financial advisor who mislead clients and not forgetting that the management does not care about the firm reputation. all what those thugs do that they take our money lock it in an account for the longest period they can then they go vacation. at the end they do not care because they take their fee no matter what happens to the money (can you imagine that the financial advisor earn around 300- 500 k pls report your complain to go public at gopuplic@***.ca which will help to stop all those firms from doing what they do now.

Guest

So true same thing happened to me flat for 20 years ups and downs along the way they have excuses and blame the markets .. you can make money in all markets when you pay attention,be in the right sectors banking Telecom oil health industries etc, right investments equities ETFs etc more than doubled after I left investors group but they stole 20 years of my time

Guest

I also had a very bad experience with IG.

The adviser from IG told me that my investment with them will be doubled every 5-7 years. Therefore, I invested $14,900 with IG between 1997-****.

After more than 16 years of so called investment, I have only $8,800 left. The advisers from IG have not contacted me for the past ten years. They took their fees every year and did not take good care of my investments. The investments that I did by myself have tripled in last 16 years although I do not know much about investment.

However, those professionals lost almost half of the value of my investments in last 16 years.

When I complained this to the IG, a local manager told me it is normal that people without any investment background could invest better than the professionals. But, what is the point to pay them fees to let them take care of my investment?

Guest
reply icon Replying to comment of Guest-1354869

There is no point to stay with investors group!! Great you had success on your own it is not that hard even if you take the top 10 stocks in their mutual fund say canadian - TD bank, Telus, Suncor, CN Rail example only, invest yourself automatically you richer because you do not pay them fees :)

Guest

Stay away from Nesbitt Burns

Guest

I had an awful experience with IG in Montreal as well (Mr Vito Galeno, for instance). Everything is good if you do what they want but if it's you who decides (at the end, it is YOUR money) they delay everything and make your life very complicated.

Guest

I have dealt with the most un professional

Guest

You're an ***. That has nothing to do with IG you said so yourself.

Markets go up and down and if anybody can specifically tell you what they will do tomorrow... run

Guest
reply icon Replying to comment of Guest-686497

Looks like another IG shill trolling the site here folks!

Guest
reply icon Replying to comment of Guest-695096

It's time to play Whack a Shill! :grin

Guest

If you buy Investors Group funds you can feel good about helping your IG salesman buy a bigger house or a new Cadillac...all funds sold with 7 year DSC starting at 5.5% penalty plus 2.5 to 3% MER and guaranteed worst performance! How can you resist?

Guest
reply icon Replying to comment of Guest-665081

Google 'investors group scam' before investing

Guest
reply icon Replying to comment of Guest-665081

It bothers me when the uninformed preach to the unknowing. Investors Group offers a full selection of options.

DSC as you mentioned (by the way Group RSP plans are a 1 percent fee). No load options.

And some of the best MER options in the market place once you have $250,000 +

I would almost bet you are working for another firm.

With the most CFP's in the country, people who have some of the longest tenure in the industry you would be misinformed to not check them out.

Maybe spend a few minutes and interview for your Planner. I did.

Guest
reply icon Replying to comment of Guest-945608

Sounds like you work at Investors Group! You suck!

Guest
reply icon Replying to comment of Guest-945608

I worked for them for 10 years, great training but overall their funds are terrible. 3rd and 4th quartile and terrible performance for most part.

16 years later Im still in business and offer allll funds and individual stocks as well. :)

Guest

Has anyone evr heard of Suns Group in Canada? If so are they legitimate are not?

Guest
reply icon Replying to comment of Guest-640773

Yes, I found Suns Group through one of their ads on Google. I checked out their whole website and asked them tons of questions through their live chat.

But I could not find them registered anywhere online in either Canadian or US government registries. When I asked them about this, they wrote that they were a private company and could send me a non-disclosure agreement before telling me more (What?!). They emailed me the agreement, and through it I found out they are based in the British Virgin Islands, a known haven for companies to setup with layers of secrecy similar to the infamous "accounts in the Caribbean" you hear about in movies where criminals funnell their funds. Aside from that, I ran some calculations based on their past returns since '08.

If I invested $100K, added only 10K per year after that, and just kept reinvesting the returns, the value would jump to over $1 million in about 4 years.

Returns from funds measuring 2-8% a month seem too fantastical. I'm looking at real estate investment firms now for some rentals or flips instead.

Guest

do not go with these crooks. The company will hire anyone off the street and then "quasi-train" them in some bull-*** sales pitch.

This company should be avoided by everyone.

Please take your money to a reputable bank or credit union where their financial advisers are paid a flat base salary from the bank and not motivated by commissions. If you are motivated and have the time learn about investing for yourself as a self-directed investor and open an account from one of the banks

Guest

I fully agree with the negative comments here - I lost almost three thousand dollars in fairly short order once signing up with Investors Group because of incompetence, and then when I yanked my money out of there and moved it elsewhere got hit with another two thousand dollars in DSC. It's too bad about the DSC hit, but at least I know for sure they're not making any more money off me. Small consolation, but it's all I've got at the moment.

A commissioned salesperson is just that - they are highly motivated to sell you the financial vehicle that will generate the most income for THEM - they are not working for you or trying to help you earn money. On top of it all they just shrugged it off like a used car salesman after you've already bought the car and discovered it's a total lemon. They did not give one solitary ***. And when I moved my funds out of IG somewhere else, they were like 'yeah, sure, whatever'.

Worst service ever. Worst investments ever. Worst attitude ever. Purely self-serving and absolutely nothing else. GO ELSEWHERE!

Guest

I was lucky...I got away from IG. They did not listen to me and constantly looked out for their own needs.

Bad advice after bad advice and high fees.

We now are totally in GIC's. Slow and steady (2-6%) no fees no negative return ever...peace of mind.

View more comments (40)

Investors Group Reviews

  1. 28 reviews
  2. 1 review
  3. 2 reviews
  4. 2 reviews
  5. 1 review
Investors Group reviews