In August 2009, I opened a savings account with Mr. Andrew Jarvis, who was at that time working for Global Eye, a Financial Planning and Wealth Management company here in Dubai. At that time I had a lump sum that I wished to invest and wanted to make monthly contributions in order to build up the value of my account for future use. Mr. Jarvis advised me to open 2 separate accounts. One Managed Capital Account and one Managed Savings Account. I didn’t understand why 2 accounts were necessary and when I asked Mr. Jarvis, he didn’t provide a reasonable explanation. Since he was represented himself as a Financial Advisor, I took him at his word and did as he advised. These accounts were opened with Royal Skandia, which is now Old Mutual International. Over this past 6 years, at no time have my accounts been profitable. Mr. Jarvis wouldn’t even ever contact me to review my accounts and I only met with him when I initiated a meeting. Now that I want to close these loosing accounts and reallocate those funds into real estate, I’m told that I cannot have 100% of my money. This was never explained to me, even when at the beginning in 2009, I told Mr. Jarvis that I had specific goals mainly which were a) the preservation of my capital, b) maximum returns on my investments and c) access at anytime to my money. Mr. Jarvis is now employed by AES International, but still services my accounts with Old Mutual International. I’ve tried everything I can to resolve this issue amicably and have filed complaint with all the proper agencies, but I’m getting referred from one department to another without any resolution in sight. I’m even contacting an attorney and trying to prosecute Mr. Jarvis for fraud, and while this is in my opinion is something that I should do, it will not expedite a resolution to my dilemma. Stay away from these schisters! Stay away from Mr. Jarvis. He scammed another friend of mine too. .
This complaint and/or review was posted on HolySmoke.org on 00:05 am, September 09, 2019 (CST) and is a permanent record located at: https://www.holysmoke.org/scam/aes-middle-east-insurance-broker-llc/.
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