Lost your retirement savings from investing with Money Managers? We are doing something about it!
We are an organization for clients of Money Managers who have suffered financial losses over the past few years and are looking for advice, support and direction on how to seek redress for the losses to their retirement nest-egg.
Money Managers was a New Zealand based, franchised network, of sales agents who promoted mainly in-house investment products to vulnerable retired citizens.
We are researching the actions of Money Managers, along with the actions of those who developed and ran the schemes it promoted.
Click to join
Our members share similar stories of trusting their Money Managers sales agents without reservation. However it has now been revealed that the recommended investments were entirely inappropriate for them.
Very conservative investors have discovered their retirement savings were used to fund a used car finance business or to finance developing geothermal projects.
As a Group we are investigating where customer’s retirement money was invested, inquiring whether it was in accordance with promises made by sales agents and pressing for recompense where a suitable case can be established.
By joining the Action Group members share a common purpose – working together to get their retirement savings returned.
Our organisation has investors who have lost money on the following schemes:
- First Step
- DNZ Property
- Cash Plus
- First Masterfund
- Orange Finance Ltd
- Orange Insurance Ltd
- Totara Funds
Please add your story to the site so others know they are not alone.
Click on http://moneymanagersactiongroup.org.nz/our-stories/
Filed under: Uncategorized Tagged: | First Step, Money Managers, Orange Finance
Very pleased to read that there is an action group.
One person on their own has no chance against these clever fraudsters.
Did you know that MMG in Christchurch has now turned into Financial Solutions Canterbury?
The same staff, same advisors, same address.
I received a disclosure statement making sure my advisor has no liability-or the firm she has worked for i.e.Money Managers, and M.M.G, and this new company(privately owned) is also free from blame or liability.
(Are our funds transferred? Or have they have they already lined other pockets?).
Two and a half fullscap pages of it, which is less than the rubbish I was previously sent from M.M.G.
No apology-no recompense and no recovery.
Too bad we cant pay you, has only ever been mentioned over the phone, (initiated by me).
Apparently the “privately owned” paperwork will all be completed this month and I shall be sent another Disclosure statement.
I have all the web, email etc info of this company should it be required.