Advice worth paying for.
Since I signed up I haven't looked back.
Have been receiving the newsletter and logging in to the website for over 6 months now
And am surprised how in depth the information is I am always looking forward to see what comes out next.
I've tried quite a few financial advisors before and it's been hit and miss and a long journey to making a profit on my investments.
So far I found fat prophets excellent to deal with.
Great advice at a reasonable price!
As a new investor I really wasn't sure where to turn for the right advice. A more financially aware friend introduced me to Fat Prophets just over a year ago. I am pleased to say that thanks to them I am much more knowledgeable when it comes to managing my investments and choosing the right stocks to buy in to. In that time I have turned a tidy profit on my modest investment, largely thanks to the good advice that I have received from them directly Love their helpful customer service! On top of this I feel a little more confident when looking at different share options, thanks to their informative and well written newsletter. If you are looking for some great guidance when it comes to investing Fat Prophets is the place to go!
Definitely will use again and again!
The Fat Prophets company clearly know what they are doing! No matter the question I shoot at them they know the answer and I am 100000000% happy with the service that they provide. I was not financially knowledgeable at all whatsoever. But wtih Fat Prophets it's just so easy!
Fat Prophets are great
I have been with Fat Prophets for just over a year and have not had any issues myself. I was not financially savvy myself but the newsletters I receive helped me aswell as when ever I contact the team, I receive a reply everytime. It may not be for everyone one but it works for me so am very happy with Fat Prophets.
Helped me a ton!!!
Fat Prophets found great stocks to invest in and made me quite a fair amount of cash. They had excellent communication and told me what they were doing and kept me up to date. They are very passionate with what they do which is what makes them so great. Highly recommended
- Verified customer
Terrible Track Record of Share Picks
I bought a multi-year subscription to Fat Prophets In 2015. Within 12 months they began calling and hassling me to buy a longer and more expensive subscription.
Their newsletters repeatedly pushed McGrath (ASX: MEA) hard and I bought in, only to watch the share price fall over 60%.
In February 2017 I contacted my account manager. He recommended that I buy their two "high conviction" share picks, Telstra (ASX: TLS) and QBE Insurance (ASX: QBE). Of course Telstra has now gone down over 40% and QBE has gone down over 20%.
They pushed thei...r Fat Prophets Global Contrarian Fund (FPC) hard, which is now trading over 17% below it's IPO price. Utterly appalling track record of share picks. Stay well away if you want to keep your money!!!
Beware of Fat Prophets (Fake Prophets & Fat at the Victim's Expense) Subscription
1. Within only months of subscribing to a five year term at an alleged "maximum discount" rate, I note they are offerng the identical package for 35% less.
2. Their staff are only interested in the very fat commission they will receive.
3. Very little practical investment content. Most of the content is a narrative of financial news which can be obtained for free and easily via the internet.
4. An almost daily barrage of sales propoganda about their retail investment funds.
5. Much better objectivity, practical investment guidance and i...
- Verified customer
Great until you want to end your subscription
I have been with Fat Prophets, since 11/1/2013, I renewed a 5 year "top of the line" subscription early in Mach 2016.
i have since had to close our SMSF due to health reasons and move our funds to an industry fund.
I contacted Fat Prophets with regard to this, and asked for a financial consideration for the considerable unused part of the subsription.
i was told this doesn"t happen.
So all i can say is buyer beware.
In the meantime i found out a lot of there key staff and financial advisers have moved to another company, who are basically ...
Great WM division with excellent managed portfolios!
I got in touch with the wealth management team at Fat Prophets after subscribing to their research and after making some gains on a few of their recommendations like EVN GOR SAR, TPG VOC and MFG. It got a little bit too much after the correction in february and march so I decided to let the team take control of my investment capital + Savings.
I got invested into the Global shares portfolio and Asian portfolio - needless to say its going great.
I can log into their platform at any time and can also access my portfolio from my phone. Its a great product.
Got conned, switched to their competitor
Been with FP for 3 years, after a sales man made me a "too good 2 b true" deal.
Newsletter was a joke. It was 10,000 words of what Angus ate for dinner, what he thought of cold play concert, his diving trip in Greece, and oh, here are some stocks. Didn't see any value in it but the cooling off period lapsed and I had 3k for 5 years.
Anyway 1 year into subscription, they called me to say my contact is nearly expired but they can renew for special price of 4k. I'm like what - this is bull crap. Anyway, I got it emailed in writing a...nd then I showed them what time was left on my account - website is really bad but you can find out if you look for it - and told them I'm going to ASIC and ACCC unless I get a full refund of the original subscription as they were deceiving me. I gave them 24hrs and they refunded ; folks you need to have things in writing. Did some research and found out that they backed pie face which went into backrupcy and they have ex pie face people working there. checked on LinkedIn. Angus won't put that into his daily lol. BUYER BEWARE!!! Went to motley fool for couple of hundred. So far so good.
Questions & Answers
Has anyone else had troubles with the Fat (Super) Prophets reporting system.
As a result of the sale of a $50K+investment in a global share portfolio I have received $12K (approx) but no one can tell me where my other $40K is - on their system there is no area the records funds pending settlement. Lots of promises -admin will fix but nothing has happened.
No, I am not aware of this, I can only comment that their communication can be pretty weak and loose, pays to keep on top of them.
Report the issue to ASIC & APRA, missing money with no explanation from a financial institution is a major RED flag!
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