Zurmont Capital have been making cold calls to induce people into buying into their Managed Investment Fund.
They claim to be in Melbourne , and the UK, and head-quartered in Switzerland.
They emailed a Prospectus, but it turns out to be just a very basic brochure.
By investing in their Zurmont Multi-Fund you can expect 18.2% p.a. return on your money! With very low risk they add!
No detail about previous years returns. Just a breakdown of how they might allocate funds for diversification.
After reading about who they are and what their mission is you are offered to fill out the application form and send it in. After that you will be sent an invoice. Only after you pay would you see your fund allocation and all documents.
There is nothing in the prospectus with details of how the fund is run, where monies are held, what happens if you want to leave, etc, etc.
It’s a very flimsy offering.
To top off the flimsiness,
they have no ABN
and they have no AFSL, even though they are dealing in a financial product.
Further investigation reveals that the domain for their website was only registered in November 2018.
If there’s not enough uncertainty about their credibility, we also checked on some of their Team who were featured in the prospectus..
There’s Josh Jackson, who they tell us has had ‘9 experiences in the legal field’
who we found is also Dental Technician:
Next there is Sally Hansen , who has ‘financial management experiences’
who also advises: