Comments for Money Managers Action Group

Comment on Write to Your Trustee by Phil

Phil — Fri, 18 May 2012 03:26:38 +0000

The Trustee has had from day one and continues to have extremely close connections to the directors (former) of First Step, my adviser once told me it was the Directors of First Step that established Calibre Assets Services (the trustee) from the start, I wonder how true this actually is? as for Tills and Siddle well all of you investors who have remained with the disbanded Money Managers advisers (those that were left) likely continue to have your money managed by these two through NZFUNDS.

Comment on NZ Funds Management in the News by Jo Davies

Jo Davies — Thu, 10 May 2012 14:12:19 +0000

Oh what a bloody awful mess. When will someone DO something to bring justice and compensation for us all.

Comment on Write to Your Trustee by naibeeru

naibeeru — Thu, 26 Apr 2012 05:56:30 +0000

Yes, I have

Comment on Write to Your Trustee by Jo Davies

Jo Davies — Sun, 22 Apr 2012 20:31:17 +0000

Did you forward this reply to Chris Lee? If you have not as yet, please do that. Thankyou.

Comment on Write to Your Trustee by Jo Davies

Jo Davies — Sun, 22 Apr 2012 20:29:07 +0000

Please would everyone who has a complaint against M.M or an advisor in any way, particularly if you believe that you were deceived,contact the F.M.A. Simply phone 0800 434 567 and give your contact details and a brief outline of why you believe you were deceived. There is still hope. Please do not give up.

Comment on Write to Your Trustee by moneymanagersactiongroup

moneymanagersactiongroup — Thu, 19 Apr 2012 08:12:09 +0000

This is the standard response from Calibre Asset Services, who are in the back pocket of the owners of First Step.
This is the Trustee who has been paid handsomely over the years to look after the First Step Investors best interests and to protect their investment, something they have never at any time attempted to do.

Email a copy of their response to Chris Lee, as he requested.
chris@chrislee.co.nz

The battle is not over yet !!

Comment on Write to Your Trustee by naibeeru

naibeeru — Wed, 18 Apr 2012 05:57:35 +0000

I did as you suggested and wrote to Calibre Assets on 4/4/12. I got a terse single line letter in reply stating that “we advise that we have no intention of instigating any legal action of whatever nature”. So the old boys’ network circles the wagons and laughs at us poor plebs that they have fleeced. And all the while more of our money goes down the drain as CA “winds up” that which should never have been allowed to come into being in the first place.
May they all choke on their ill-gotten gains, and lose double what they stole from us.

Comment on Orange Insurance Limited by moneymanagersactiongroup

moneymanagersactiongroup — Sat, 14 Apr 2012 06:08:52 +0000

Hello Vanessa,

The Companies Office Website state the liquidator is
CHILCOTT, LAURENCE GEORGE
Organisation: ACCRU SMITH CHILCOTT LIMITED
Phone: +64 9 3798035
Email:
Address: Level 5, 57 Fort Street, Auckland, 0000, NZ
Appointed: 23 Sep 2009
Liquidator: TIETJENS, STEPHEN REX
Organisation: ACCRU SMITH CHILCOTT LIMITED
Phone: +64 9 3798035

I suggest you give Stephen Tietjens a call. And once you have spoken to him could you update everyone by adding a comment to the website.

Thanks

Comment on Orange Insurance Limited by Vanessa Coultas

Vanessa Coultas — Wed, 11 Apr 2012 01:31:21 +0000

I am not understanding who we contact about our money. The liquidators Accru say it is with the receivers. Who are the receivers? I have had no correspondance for a few years.

Comment on The Phoenix Agencies by Mac

Mac — Sun, 01 Apr 2012 02:05:34 +0000

Hopefully someone runs Mike Jones over in their car, I have lost everything I have because of this guy and his Money Managers mate Somers-Edgar. He was fully aware that the First Step Trusts were going to fall over before hand. Now the other investment called l m investments that have been locked down coming up to 3 years ago have lost 20% of the principal and they will continue to do the same as first step. The only difference is that these l m investment directors have to answer to the australia security and investment commission, and they dont like directors taking investors for a ride, unlike the new zealand government that dont care whatsoever.