The Truth About Astute FMA

AstuteFMA


Joined: 04/03/2011
Posts: 8

Message Posted:
04/03/2011 14:21

We hope that the above clarifies by setting out the facts of what we do and how we do it and we would like to thank the satisfied clients which have effectively said the above.



Astute FMA are deeply concerned about the assertions of some over the last week on this forum. Where as we do not object to freedom of speech and open form, “Libel and Slander” can be extremely damaging to a business and this is recognised by the laws of this land and internationally to protect companies from the damage that this type of action can causes. It saddens us that (we trust well-meaning) un-substantiated conjecture and “title-tattle” can be so damaging.



We have left the matter with our legal advisors.



Further information can be found on our web site http://www.astuefma.com or if you wanted to speak to anyone about this or any other financial matter please call the office on 0392 815 8275 we will only be too happy to help.

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
04/03/2011 14:26

Do you intend to take the posters or the site to court ?

Washerman


Joined: 19/09/2008
Posts: 2301

Message Posted:
04/03/2011 14:50

FMA.....



Cyprus 44 is the home of malicious libel and being a TRNC registered business doesn't exempt you from the speculation, gossip and lies that people with an ulterior motive will post on here with the intention of causing you embarrassment, emotional distress, damage to your reputation and ultimately, financial loss in fact, it makes you fair game (in their eyes)



What is pathetic, is that, in the interests of a few bob in advertising revenue, the owner and mods' allow it all to happen.



It will take something really serious to make them re-think this policy - like defending a costly legal action or, a murder or, suicide - something along those lines - then, they may 'adopt' some morals !



They ought to be ashamed !

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
04/03/2011 14:54

Is it only the free advertisers complaining

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
04/03/2011 14:56

astutefma, it doesn't work.

Washerman


Joined: 19/09/2008
Posts: 2301

Message Posted:
04/03/2011 14:58

Malcolm - they missed a letter out of the link

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
04/03/2011 14:58

Oh no! I don't mean your company, I mean the link, you left the 't' out of it.

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
04/03/2011 15:23

I think I posted on the wrong thread:

There is an article in Cyprus Star today with Scott Kennedy of FMA asking all the questions to himself and having some difficulty answering some of them. E.g. "do you hold client money?" The answer to which is "you should not give money directly to a financial adviser; IFA's (sic) do not hold client money. This is very important and safeguards against theft of fraud!" Well do you hold client money? Another question is "how many advisers do you have?" and the number is... ??? I hope their financial advice is clearer than this.

AstuteFMA


Joined: 04/03/2011
Posts: 8

Message Posted:
04/03/2011 15:48

Sorry original post should have read as follows (it just was too long)...



The truth about Astute FMA



Astute FMA is registered and regulated in the TRNC. It is impossible for a non UK registered company to be regulated by the FSA. Astute FMA follows all the guidance set out by the Central Bank here in the TRNC and also voluntarily follows the guidance that is set out by the FSA in the UK which is encapsulated in the statement “treating clients fairly”.



Although Astute FMA is not regulated in the UK all of the investment and product recommendations are regulated in the jurisdiction that they operate in we take great care and diligence in the research we do before we make any recommendations. Individual investments will have different risk profiles which are explained and matched to each individual client’s needs and circumstances.



Continued...

AstuteFMA


Joined: 04/03/2011
Posts: 8

Message Posted:
04/03/2011 15:48

We are not a bank, we do not manage any investments and we do not hold any client money. If we did any of the aforementioned we would be in grave trouble with the central bank.



We hope that the above clarifies by setting out the facts of what we do and how we do it and we would like to thank the satisfied clients which have effectively said the above.



Astute FMA are deeply concerned about the assertions of some over the last week on this forum. Where as we do not object to freedom of speech and open form “Libel and Slander” can be extremely damaging to a business and this is recognised by the laws of this land and internationally to protect companies from the damage that this type of action can causes. It saddens us that (we trust well-meaning) un-substantiated conjecture and “title-tattle” can be so damaging.



We have left the matter with our legal advisors.



Continued...

AstuteFMA


Joined: 04/03/2011
Posts: 8

Message Posted:
04/03/2011 15:48

.... Further information can be found on our web site http://www.astutefma.com or if you wanted to speak to anyone about this or any other financial matter please call the office on 0392 815 8275 we will only be too happy to help.

colly


Joined: 31/07/2008
Posts: 297

Message Posted:
04/03/2011 17:03

I stand to be corrected but just gone to the above site and had a look at the inheritance page and it says





"So just think if your worldwide assets total £400,000 then there is a tax bill of £50,000.



A Few Misconceptions

1. It doesn't apply to me as I don't live in the UK - WRONG.

2. The UK Inland Revenue won't find out how much I have left behind - WRONG.

3. I've left everything to my wife/husband so no tax is due - WRONG.

4. I have to give my money away to save tax - WRONG."



£400,000 with a tax bill of £50,000? Is this correct? I thought it would be 40% of £75,000 not 60%



3. I've left everything to my wife/husband so no tax is due - WRONG. Can this not also be correct according to where the permanent home of the couple is? Would this not also have an effect on whether there would be a tax bill at all regardless of the amount on the £400,000 above.



I am no F.A. but the information was obtained from hmrc website. http://www.hmrc.gov.uk/inheritancetax/intro/bas

fireball


Joined: 10/12/2010
Posts: 107

Message Posted:
04/03/2011 17:18

Like previous posters I have had dealings with FMA for the past two years and apart from a couple of minor hic ups have found the cpmpany and its employees to be forthright, honest and sincerely helpful.

As a financial advisor they outline ALL issues regarding an investment and as with any financial institution the final decision is mine to take or leave.

The interest rates I have received are far better than any UK bank.



Is there a risk??? of course there is as with any investment.



My advice to the negative individuals, dont invest, who cares? The problem is there are two many so called legal and financial experts on this site, whose only intention is to knock anything and everything just for the sake of it. Lord save us from self declared experts.

colly


Joined: 31/07/2008
Posts: 297

Message Posted:
04/03/2011 19:06

Meassage 12, 60% should read 66.6%

AstuteFMA


Joined: 04/03/2011
Posts: 8

Message Posted:
04/03/2011 19:09

Re 12

Colly you said;



“£400,000 with a tax bill of £50,000? Is this correct? I thought it would be 40% of £75,000 not 60%”



You are correct.



The statement on the our website;



“I've left everything to my wife/husband so no tax is due – WRONG”, is not a helpful statement as the situation depends on too many variables and will be re worded.



The website and this page should have been updated some time back. We have requested the page be removed and will ensure it is updated with the current information as soon as possible.



Thank you Colly for pointing this out, we trust this has not given rise to any problems to anyone.

Roomy


Joined: 20/02/2011
Posts: 836

Message Posted:
04/03/2011 22:52

OOPS looks like you got caught misleading people within minutes, I think you might like to go whine somewhere else.

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
04/03/2011 22:59

Maybe offer Colly a job