Welcome to the Holborn Assets Community
This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website.
Verified Reviewer | Los Angeles, CaliforniaIt took me a while to know that bitcoin recovery is real
This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website.
Verified ReviewerLost funds recovery
Preferred solution: Full refund
This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website.
Verified ReviewerDubai licensing and regulations
With thanks and permission from Pensionlife.
UAE Insurance Authority. Licence number 180.Having a licence granted by the IA means that the company has been set up in accordance with their rules.
Pension Life:
Holborn Assets had their licence suspended due to a contract lawyer client working for a firm in Dubai who was advised by financial adviser Joe Capaldi to place his investments in an RL360 insurance bond resulting in a loss of 500,000 GBP and the subsequent successful complaint to the IA.
Holborn Assets has issued an email to all advisers informing them that all future business will be conducted through the Bahamas office until this situation is resolved.
Their licence was re-instated after one month. Wonder why.
Dubai Economy Commercial Licence. Licence number 561405
A licence required to run any commercially run company within Dubai.It is not a regulatory body. Holborn is registered on the insurance broker list, not as financial advisers.
Dubai Financial Services Authority. NOT LICENCED
Only operates within the free zone called the Dubai International Finance Centre. "Proudly enforcing financial regulation as within the UK."
Holborn Assets is not situated within the Free Zone and therefore has no need to be licenced.
The financial adviser allocated to me was self-employed, ferile, and could thus recommend funds from other sources, as he did do. Interestingly, he was listed as a vice-president of Holborn at the time!
A UK based adviser has to have commercial indemnity insurance. This is not required in Dubai in the case (as above) of Holborn Assets.
It is unfortunate that one bad apple can tarnish the high reputation of the UAE.
Good advice from a Dubai resident...... "If you are contacted by Holborn Assets, run away as fast as your legs can go"
Preferred solution: Full refund
User's recommendation: Don't.
Holborn Assets's reply to: Holborn Assets - Holborn 'Rip Off Merchants'
HOLBORN asserts £56000 to zero in UK pension lost less than three years after following HOLBORN Assets advice
Holborn Assets's reply to: Holborn Assets - Review in Financial Services category
Holborn Assets's reply to: No customer service ,untrustworthy business practice
Holborn Assets's reply to: Holborn Assets Pension Agreement Review from Bitem, Catalonia
Holborn Assets's reply to: Holborn Assets
Holborn Assets Investments Review
Holborn Assets's reply to: Holborn Assets - Message for UK Expats in UAE, Beware Paul Reynolds
Holborn Assets's reply to: Holborn Assets - Investments Review from Dubai, Dubai
Holborn Assets's reply to: Endless cold calls to hawk their stock garbage
Holborn Assets's reply to: Holborn Assets - Ex Holborn Advisers commenting on this site.......
Holborn Assets's reply to: Unable to provide basic information to questions listed below
Thank You for Your Reply! We are processing your message.
Your comment is successfully posted.
I too have problems with Holborn
Me too
Can anyone help me with some information about what this means. My aunt had financial advice from Joe Capaldi and I am trying to piece together what he did with her investments.
He invested her money in RL360 and also used her money towards funding a company in Dubai called The Dynamic Zone. Is there anyone out there who may be able to shed light on who I can inform to investigate the said financial advice he gave her.
From my experience: If you are not resident in the UAE the regulatory bodies are useless. See above.
Pension Life is as good as a balloon in a hurricane. If you can find a law firm in Dubai that will answer your questions, it would be the best route. Try posting on Trustpilot with a one star rating. Holborn will respond and try to wriggle off the hook.
Capaldi worked for them so they are liable as well. Wish you good luck.