Australian Stock Report

This is not a good company in my option i wanted to cancel my subscription and i even told the guy that was asigned to me but nothing i finaly get a response today. so stay away, i will never recomend.

Hi thought I would try ASR due to the talk up the sales person gave me. On paying my 2500 I was expecting fairly detailed reports and recommendations. Basically you get a list of stocks to buy. Nothing special just all top 100 companies. Anyone could pick the stocks so not worth the money. Cancelled my subscription within 15 minutes of looking at… Read more

it. Still waiting for my refund 3 weeks later which is promised with a 10 day cooling off period. Lots of heavy selling and sales tactics. Once you are in everything else is an added cost.

Would give a negative star rating if were allowed. I am totally dissatisfied with the parent company AAIG. I was talked into investing $110,000 of my superfund into certified shares on the basis that there was going to be an IPO back in 2019. There… Read more

was no IPO and communication with the company is extremely poor. No AGM, nothing. They did list Halo on the stock market at $1.08 and that fell quickly to 3 cps. I was overseas at the time and unfortunately missed the opportunity to get out. I cannot sell my current holding in AAIG as they are not listed - no IPO ever eventuated, so essentially I have lost my $110,000. The other day they invited me to a webinar suggesting I invest in another scheme suggesting a return of 15% pa over 3 years. Once bitten twice shy. If it sounds too good to be true then guess what I suspect?

As for ASR advisers, I gave them a substantial account while I paper traded the same account for 12 months. Result: very poor performance by then with significant fees for over trading - about $40,000 plus. I was up 10% so I took everything away from them and continue to trade on my own. My advice, stay well away.

The ASR Product Halo is a good Platform for Trading and Research. It can be tricky to learn how to use properly, but ASR offer a lot of support through their regular Webinars and Information sessions. The ASR Advisors (I currently deal with Charlie) are approachable and helpful.

Honestly, we were a bit lost with investing, but since we found the ASR everything’s been so much clearer. They break things down in a way that makes sense, and we’ve already seen some good results.. Really happy with their service

I’m so glad we started using ASR. The advice they give is easy to follow and makes sense. We’ve seen some good results already, and it’s made us feel a lot more confident about our investments...can’t recommend them enough if you’re looking to get into investing without all the confusion.

Have purchased numerous packages and shares through this company. very good at marketing and presenting options. very poor once you have signed up. no response if you have a dispute or request a refund for services that you have paid for and no longer available. would not use again

1) Bought approx. 12,000.00 membership in ASR in 2021. Some small successes in shares. 2) Bought 12,000.00 when ASR listed on Stock Exchange for 1.20 p sh, now worth .3 cent. Can not be sold. 3) Bought 25.000 Domacom shares. The company, now Assetora, is no longer listed. Gone. 4) Bought 30.000 worth of Domacom NDIS property shares in 2022 (In… Read more

Perth), through RSR, expected to be finished within 12 months. Three years later, the building has supposedly been completed, but there are no tenants. At the same time the investment is now worth about £ 27,000, can not be sold. 5) To top it off, the 2000.00 reserve that is required as an ASR member, dissappeared. Instead, find I have Crypto membership, that I did not ask for. This also has to be sorted!

Due to my utter stupidity, I have lost around 80.000. I was persuaded through very convincing talk by ASR, but of course, I blame myself, my inexperience and obvious naivety. I ask myself, how could I possibly fall into these traps? I had sold my home and was looking for another, and so had a bit of money. Importantly, I am single, retired and had no one to talk to, who could have pointed out my stupidity. So please talk to others if you can, before any investment!

I was talked into buying these shares over 10 years ago and was told that they would list and I could sell them when they did. They have never listed and I have contacted them on many occasions trying to sell the shares which they say unless there is a buyer I cannot. For 7 years I have been trying to get my money and then they transferred some… Read more

to Halo which has bottomed out. I am retired and need the money but don't think I will ever see a cent of my money. So very disappointed. Vivienne Laurito

I can't comment on how good their investment recommendations are, but I can warn you that I have received a huge amount of spam after giving them my email address.

Hi I would like some help getting this review published. The information provided is accurate. I can direct you to a WhatsApp group of similar complaints. AAIG and their subsidiaries are taking peoples money and it would be good to have some reviews to help warn others. Thanks. This is about ASR Wealth advisors and their methods of selling… Read more

AAIGL shares to their clients. ASR and ASRW are owned by AAIGL.

Be sure to look at my other reviews of ASR services including Premium Active Trader Service and international Premium Active Trader Service so you don’t get duped on that. And a couple of other services such as Domacom and APSEC. Oh, and the Halo spinoff from AAIGL…

AAIGL You become a client of ASRWealth by initially signing up to the ASR free newsletter and then subscribing to one of their paid services such as PATS. A PATS subscription comes with a portfolio review with an ASR wealth advisor. So I had this call and then no further contact for several months other than emails.

Then out of the blue I received an unsolicited call from an excited ASR Wealth advisor.

He described an amazing opportunity that was available for a very short period to purchase shares in a rapidly growing fin-tech company that was highly profitable and just about to float on the ASX. Opportunities like this came along rarely he said and they were extremely lucky to have landed this one. Phenomenal growth!!

There was an underpin deed included that guaranteed a profit for shareholders no matter if the share price dropped when the company listed. This was a reward for being on board before the float he said.

There were share options also included if the company reached a target price that would lock in more profit.

It was likely to be oversubscribed and close early but he would put a place holder in to keep an allocation while I got my funds together. He’d need to know in the next couple of days.

And the listing on the ASX was in the three to six month timeframe he said. (Others were also told there was a minimum application as documented in cases lodged with Australian Financial Complaints Authority (AFCA).)

Sounds interesting. What is the company?

The company is Amalgamated Australian Investment Group the Company that owns Halo software that you can use to track your portfolio in. Oh, did I mention that they own ASRW too… no I didn’t? Oh we are so lucky that they chose us to sell shares for them.

Oh and did I ask if you are a sophisticated investor? You’ll need to be as we will want to hide behind this down the track…

So he sent the Underpin Deed, Option Deed and application form. And I sent some money and two weeks later the sophisticated investor form (obviously I should have sent the not very sophisticated investor form). And the advisor in his call log wrote for the first call “client expressed an interest in Corporate Finance “ (client had never actually heard the term Corporate Finance) and the subsequent call -“discussed only factual information” (info from AFCA investigation). I’m not saying that the advisor was covering his tracks -not at all.

So I become the proud owner of AAIGL shares and received confirmation of same only a few months later with quite a bit of chasing them.

But the promised float didn’t happen as it hadn’t happened in the several previous capital raises where ASR had employed the same tactics and even the same Underpin Deed.

After some investigation I became aware that this was an ongoing scheme. So I tried to sell my shares for a loss.. no buyers. Bye, bye money….

Feeling conned I was off to AFCA with a complaint. Unfortunately my case was decided after about three years not to have enough information to confirm ASR took me for a ride. Needed some contemporaneous evidence. I should have scribbled something in a diary… But cases almost identical to mine were found in favour of the client and the AAIGL shares were returned to the company and the money was returned to the client with CPI interest.

For clarity Amalgamated Australian Investment Services (AAIS) is another in the AAIGL stable and represents the entities in cases lodged with the AFCA. AAIS made an offer of about 2/3rds of what they would have been required to pay if AFCA found in my favour. I declined……

Long story, short message, don’t buy anything from ASR Wealth advisors.

An Expensive Joke - Pay cash to Trading Advisor to achieve significant losses – [Content Removed] me - engaged ASR, a stock picking service who charge a high commission and high subscription rates to achieve losses for their clients. This is despite their touting and utilising their own stock analysis platform Halo. I should have realised what a foolish decision I was about to make - Halo is a listed company who originally… Read more

listed its share at $1.20 on 26 April 22, current share price $0.051. A drop in value of 95%!

The facts re the ASR achieved trading results, over approx 5 months, 25 Trades were executed of which: - 13 were at a loss 4 losses were greater than 17% - (Greatest loss 31%).

Result ....significant cash loss partially as the trader appeared to trade to earn commission on both the buy and sell with nil consideration of the client or the result. In addition the trader failed to apply stock losses on my trades as directed.

I understand stock trading will not always be successful, however a loss rate of over 50% is totally unacceptable and speaks volumes as to ASR's lack of expertise, particularly given they also write stock reports and provide market commentary.

Clearly traders are not under any form of supervision from ASR. When I lodged a complain with ASR on 18 Dec 24, the Management team failed to either reply to my email or contact me.

It appears management are too busy on holidays or having meeting to bother about clients -

AVOID THIS GROUP AT ALL COSTS

To be balanced I will update this post if Management do address my concerns.

UPDATE Management did not respond to my concerns and I referred the matter to AFCA, and Im unsure if I can publish their summary, re what they wrote about ASR.....

Latest saga, I left a 24K stock holding in Halo, which i sold out of recently. When i tried to have the cash balance of my account returned to me, of cause this wasnt straight forward, they did nothing on receipt of my emailed request. 7 days a after my rewquest, they advised me, it takes 2 days to convert US dollars to AUD - but they had already had a weeks notice.

From my experiences ASR was a costly experience, pathetic advice, zero customer focus, the only winner was ASR, who for there ecessive although documented charges yielded losses.

Very good and very bad – I have a love-hate relationship with ASR. [Name Removed], my advisor is extremely helpful and I have a high opinion of him both from a competence and ethical point of view. I'd rate his services 5/5. But not so ASR's Crypto services. I cannot get the simplest info from them and they insist on telling me things I have zero interest in. They barely… Read more

rate 0/5 from my experiences. They are simply not servicing my needs and after writing this I'm going to move crypto investing elsewhere.

Misleading advice – They talked me into buying shares in their parent company AAIG saying that they would list onto the Australian Stock Exchange very soon, that was over four years ago and still no sign of listing onto the ASX, a shocking rip off.

Don't use their advisors – I like the Halo Programme and Macrovue for buying stocks. The training is good as well. The webinars are excellent as well I am upset with the advisors that were allocated to me. Like some of the reviews I have read, they caused me to purchase stocks which I found out after reviewing Halo was in a SELL category and a downward trend. Big Losses! My… Read more

second advisor, supposedly very senior, kept making trades in and out of popular stocks making him commissions on the trades. I lost heavily when he put a stop loss of 15% on very volatile stocks, such that the stop loss was triggered. Many stocks regained my original cost within a few days, but the damage was done. Like others in the reviews, I also suffered from the Dormacon purchase recommended. I will never use their advisors again. They don't seem to use their own Halo platform to predict the stock performance. My interest is holding good stocks which appreciate over the long term. It seems their interest is in trading.

A Very Disappointing Outcome – For far too long I have trusted implicitly the presenters and advisers of the Australian Stock Report (ASR). From the start my adviser would make excuses as to the poor performance of the stocks he selected. There were never any gains so we kept turning over stocks, usually in the US market and with high commission costs. In the meantime I… Read more

attended online presentations of different investment categories & Products. These were followed up with persuasive phone calls convincing me the additional subscriptions would enhance my reach and contribute to future success in the markets. I admit I was impressed by the clever Halo platform presentations, if only I could understand it. Hence I have relied on the adviser and not the myriad long term subscriptions I was paying for.

Recently my very astute offspring took a close look at the mess ASR has left me in. I couldn’t show any positive returns whatsoever. I could not explain what the $77k in subscriptions delivered nor could I account for some $83K in trading losses. It would appear I have paid more than once for services decades on and well into my dotage.

Avoid at all costs – These guys have absolutely no idea what they are talking about. All their recommendations to invest in came with a loss, and a big one. Any 5 star reviews are written by people who work their or their friends. It’s a complete money grab and a well orchestrated [Content Removed]. I also heard there could be a class action going ahead for this company. Avoid at all costs!

RIP OFF AND WORSE – I also have the same experience.. I was touted by ASR to invest in Domacom NDIS property in Perth.. to be finished in one year.. now two years later.. my equity is down by 15% and Zero return. my agent.. [Name Removed] at ASR.. told me to call him anytime.. but he has never returned a call and it is impossible to get someone to reply... spoke to… Read more

Domacom YESTERDAY and he assured me that.. the property would be finished in August as predicted in January. BUT IT WOULD TAKE ANOTHER COUPLE OF MONTHS TO SEE RETURNS... TODAY I RECEIVED THE APRIL REPORT AND ESTIMATED FINISH IS NOW OCTOBER.. AND HE COULD NOT TELL ME IF THERE ARE RESIDENTS WAITING!!! SO I CALLED AFCA.. AND THEY SAY IT IS A LEGITIMATE COMPLAINT....ANYONE ELSE IN THIS POSITION?

I was ripped off – I rang Australian Stock Report after my mother died. They hassled and hassled me until I signed up for 5 years at a cost of $4500. I lost $2500 in the first few weeks following their advice and then I asked for a refund they offered me $1500.

DomaCom’s stated values - Accountability {Zero} – Trust {Zero} – Innovation {Zero} – In Nov 2021 we invested in [Details Removed] a DomaCom NDIS property, via their 'agent' Australian Stock Report {ASR} Code Compliance and NDIS Certification for the property was confirmed on or about Feb 2023. We have recently discovered that this was the last of five such properties built by DomaCom in Beveridge, specifically for NDIS… Read more

occupation. At no stage during the 'sales period' did ASR, disclose that there were four other properties in the immediate vicinity of [Details Removed] Each property requires 2-3 NDIS tenants {number driven by level of NDIS rental subsidy} to facilitate a return to investors. [Details Removed]has one NDIS tenant {tenancy commenced 4 Sept 2023} which pays DomaCom's fee of circa $4.5k per annum + outgoings + DomaCom are able to 'count' the circa $750K property value in their "we have $260M worth of property under management" advertising! Countless phone calls and emails to various officers within DomaCom requesting that the other five investors in [Details Removed] be canvassed with a view to selling the property {which is allowed under the sub-fund rules}, the approaches remain unanswered. DomaCom’s stated values - Accountability {Zero} – Trust {Zero} – Innovation {Zero}

Halo stock market software – I subscribed to the Halo 60 day free trial of their stock market software to predict buys and sell of various stocks. Their presentation showed the profits subscribers make when buying and selling stocks. I tried it for a week and back-tested it on some of the shares I held. The results were so inconsistent, I might as well throw darts at a board… Read more

to make the decisions. I asked for a refund of my subscription but have had trouble to get a response. When I did get a response, they tried talking me into getting into other programmes they had. When I insisted that I was not interested, they said it would take 60 days before they could reach a decision. This was after more than 2 months of trying to get my refund. I do not trust them and lost my complete faith in their products. I can't believe that the Australian Stock Report sponsored such a programme, I thought they were a reputable company to deal with. I'm still waiting for my refund and have reported them to the AFCA.

Totally disgusted – After 3 months of around 25 transactions on nearly $1 million of shares, doing as my Broker directed- I figured I had to give him a real chance - my portfolio was worth $11000 more than the original portfolio would have been if I had done nothing. The main difference being he made $22000 in commissions in that period. He seemed surprised I wasn’t impressed. I have left ASR - oh dear Broker, your cash cow is no more.

Stay away from this company – One of the biggest mistakes I made here was having my HIN number with ASR. It meant that I was fully invested with them. They sting you for brokerage and sold me out of an excellent portfolio into rubbish. Initially, I thought my broker was working for me until he destroyed my Overseas account. at that stage, I realised that all he was doing… Read more

was working for himself at my expense. I, like many others were conned to buy Halo Shares at $1.20. Was also conned by Domacom to buy into the NDIS scheme in Victoria. Sat on bank interest for in excess of two years while fees were removed from my account from day one. I was compelled to close my account while I still had some money left. They were never going to refund all the garbage memberships that I bought. So my losses were $160000. Thanks primarily to my useless broker. However, I had one bit of luck. They actually said that they overpaid me in excess of $5000 So there I was, in the drivers seat for once. I told them that if they refunded my useless memberships, they could have their $5k back. Got a letter from them dated 5th January which arrived here on 17th. Said I had a week from the date of that letter to redeem my HIN or it would be lost. They made sure that happened, because it took 12 days to get here. Steer clear of this organisation. Yes, it was easy to spot the letters that ASR wrote themselves. Speaks volumes for these predatory sharks. One star for this company is too much

I would give zero if I could – Absolutely disgusted with this organisation. Been calling for 2 years now about a property investment I have with them and not one call back and lost money. Stay clear!!!

Worst Customer Service Experienced – I subscribed to ASR Halo Technology but the day after decided that it did not meet my needs. I had enormous difficulty attempting to cancel within the cooling off period. Emails were not answered. Phone calls not returned. I had to resort to Consumer Affairs who intervened on my behalf. It was then that I obtained my refund. Very poor service.

Anyone interested in creating wealth here is the best option I have found – I started with ASR wealth some 452 Days ago. My portfolio recommended by my adviser Rob Norman at ASR has grown by 32.56% in that time. The market in time has grown 6.57%. I get frequent calls (weekly) from Rob who gives me recommendations that I can decide to follow or not. I have followed to the letter and have been thankful I did. I have not been compensated in any way for this review. Wishing all a prosperous future. Show details

Don't trust them – They started off ok and over the years all they want to do is sell more of their products. Even sell you share in one of their own IPO which worth nothing now. The service is poor, the advice is average, don't use them and are hopeless.

A remorseful buyer – I have been a member of ASR for about 18 months. I purchased a 4-yr subscription to Halo, and the PATS, Income, and investment reports. The products are ok, but the service and follow-through are dismal. It all started out well with someone meeting with me every few weeks to provide tips on how to use Halo, however, the content was quite… Read more

repetitive and we could have knocked it over in a single 1-hour session rather than a series over many weeks.

Since that initial onboarding period, every single interaction I have had with someone from ASR has been for them to try and upsell me more and more things I don't want or need. I also receive several emails every week inviting me to purchase fractional property shares, which I am also not interested in.

Last week I had a call from Phil, who clearly didn't remember the appointment I had already had with him a few weeks prior, and he accused me of not showing up. He tried to sell me access to the trading platform integrated with Halo at the appointment, which looks pretty rubbish. Trades are expensive, and he claimed that the biggest selling point was the portfolios they recommend that have a handful of equally weighted blue-chip US stocks. Lame. I could buy the top 10 on the NASDAQ and reach the same outcome.

At that appointment, I explained to him my disappointment with ASR, so I was offered a personalised complimentary review of my share portfolio, which sounded great. I told him that I was particularly interested in purchasing some personalised support and advice, so they hounded me non-stop for the details on my portfolio and then radio silence. I didn't hear from them again until Phil's very rude phone call. I even told him that I hadn't heard back and now it's been nearly two weeks and still nothing.

Clearly a Ponzi. Won't return $40,000 deposit – After requesting my deposit to be returned, ASRW gave me 6 win-back calls to convince me otherwise. After I insisted on the refund, and provided account details as requested, they still, to this day 3 months later, have not returned the funds. Without a doubt this outfit operates like a Ponzi scheme. Strong Wolf Of Wallstreet vibes. Avoid at all costs.