QZ Asset Management

Caution Investors QZ Asset Management – The FSCA warns the public to exercise caution when dealing with QZ Asset Management Customer Service Consultants (Pty) Ltd, as they are not authorized to provide financial products or services in South Africa, and numerous complaints have been received regarding their activities, potentially resulting in financial harm to investors.

Overview:

QZ Asset Management Customer Service Consultants (Pty) Ltd is a company that provides financial advice and solutions to individuals and businesses. The company claims to have over 20 years of experience in the industry and offers a range of products and services, such as retirement planning, wealth management, tax planning, estate planning, insurance, and investment management.

Regulation and Compliance:

However, before you decide to work with QZ Asset Management Customer Service Consultants (Pty) Ltd, you should be aware of some important facts. The company has recently received a warning from the Financial Sector Conduct Authority (FSCA), the regulator of financial services providers in South Africa. The FSCA issued a statement on 15 October 2023, alerting the public that QZ Asset Management Customer Service Consultants (Pty) Ltd is not authorised to provide financial services or advice and that it is conducting business in a fraudulent manner.

According to the FSCA, QZ Asset Management Customer Service Consultants (Pty) Ltd has been using a fake FSP number and a fake physical address to mislead the public. The company has also been soliciting funds from unsuspecting clients, promising high returns on investments that are not regulated or registered with the FSCA. The FSCA warned that anyone who deals with QZ Asset Management Customer Service Consultants (Pty) Ltd does so at their own risk and may lose their money.

The FSCA also urged the public to check the credentials of any financial services provider before engaging with them. You can verify the legitimacy of a financial services provider by contacting the FSCA on its toll-free number (0800 203 722) or by visiting its website (www.fsca.co.za). You can also report any suspicious or fraudulent activities to the FSCA or to the South African Police Service.

Customer Reviews:

If you have already dealt with QZ Asset Management Customer Service Consultants (Pty) Ltd, you may want to read some of the customer reviews that have been posted online. Unfortunately, most of them are negative and reveal the unpleasant experiences that people have had with the company. Some of the common complaints include:

– The company does not answer phone calls or emails

– The company does not provide any statements or reports on the investments

– The company does not honor withdrawal requests or refund requests

– The company charges exorbitant fees and commissions

– The company uses aggressive and misleading marketing tactics

– The company does not have any qualified or registered financial advisors

These reviews suggest that QZ Asset Management Customer Service Consultants (Pty) Ltd is not a trustworthy or reliable company to work with. You may want to avoid doing business with them and look for other alternatives.

Conclusion

QZ Asset Management Customer Service Consultants (Pty) Ltd is a fraudulent and unauthorised financial services provider that you should avoid at all costs. The company has been warned by the FSCA and has received numerous complaints from its clients