1wealth now may have re-invented themselves as OWS , owsgroup.net , ows.net.au
The ACN links to One Wealth Management pty ltd.
May be re-incarnated as GTA or GTA Pacific now
11/3/15: May now be GT Australia or most recently, GT Alliance
links for more information:
One of our readers has brought to my attention the company 1Wealth, who market a stock trading program, with a price tag of $19,000!
There is a great thread over at AussieStockForums discussing this company along with great detective work uncovering the scam. Also a good thread going at whirlpool forums.
A Google search on 1wealth brings up a page full of seemingly legitimate results. There is a blog supposedly written by a client giving an un-biased view of how the program is performing. There are articles that look like they are on professional stock trading news websites, but they are obviously self-promoting and submitted by 1Wealth. Even a Facebook page…but they only have 1 like. How can that be with so many successful clients? Ok…I just found their second Facebook page, with 612 likes! Click on the Likes panel, and it reveals that most people liked it from Ho Chi Minh City, and were in the 18-24 age bracket. Hardly the normal Investor profile you would think.
They are a very slick operation and have gone to great lengths to make themselves appear legitimate. Got to hand it to them for that.
They are a good education on how to look into all these shady operations.
As always, please leave feedback if you have any on 1wealth.