Originally Syndicated on June 15, 2024 @ 5:50 am
BRIC Group is a real estate investment company based in various countries including UAE, USA, and China. However, they don’t provide any information about the qualifications of their portfolio managers, have shady customer reviews, and manipulative terms and conditions.
The following BRIC Group review takes a skeptical look at this company. You’ll learn if this real estate investment firm is worth your time or not. Spoiler alert, it’s definitely not.
BRIC Group – What is it?
It claims to be a real estate investment firm. They claim to offer services that make it easier for you to invest in real estate. BRIC Group offers a ton of services and features to its clients.
But their offered services have many issues. Otherwise, I wouldn’t have written this review at all.
The managing director of BRIC Group is Dingenis Poppeliers. However, there isn’t any information on Dingenis’s qualifications, experience or skills anywhere.
BRIC hasn’t shared any information on their website about Dingenis apart from his face and name. For an investment consultancy, BRIC Group certainly likes to hide a lot of information from its clients.
And the same goes for all the other team members working at BRIC Group. Other notable people at the BRIC company are Luke Baudouin, Sara Nogueira, Aida Castany, and others.
All of these people are senior portfolio managers at the firm, but there’s no information on their experience and qualifications.
‘’’BRIC Group doesn’t give any details about its experts’ qualifications or experience. You can’t know what kind of consultants you’re working with when you choose the BRIC Group.
This is quite a drawback. Because it claims to be an investment consultancy firm.
When you’re hiring an investment consultant, you’d want to know about their skills and qualifications.
An inexperienced or unskilled consultant would have a high chance of making mistakes, which would be very expensive for you. You wouldn’t want to risk your finances because of a consultant’s lack of skills or experience. This reason alone is sufficient for me to suggest avoiding the BRIC Group.
BRIC Group Countries: Where They Operate
BRIC Group was started in the Netherlands in 1996. Since then, they have expanded to various BRIC Group countries including the United Arab Emirates, Spain, Brazil, Hungary, China, and the US.
They have 12 offices in different countries. Their headquarters is in Nueva Andalucia, Malaga.
BRIC Group Countries’ office addresses are:
- Brasil: Rua Osvaldo Cruz, n.1 salas 1501-1504 Beira Mar Trade Center, 60.125-150, Fortaleza, Ceará, Brasil.
- Spain (Barcelona): Carrer del Bruc, 21, Principal – 2 A 08010 Barcelona.
- China: Asheng Building, Room 1203, No. 188 Jiangning Road, Shanghai.
- Spain (Marbella): Centro de Negocios Puerta de Banus Oficina 39 – Bloque E, 29660 Marbella.
- USA: 320 Wilshire Blvd. Casselberry, FL 32707.
If we go by these office names, they have expanded their services substantially over the years. But having multiple offices only doesn’t mean a firm is a client-centric company.
On top of that, there isn’t any way to verify the different BRIC Group countries’ offices. Third-party business listings don’t reflect BRIC Group’s name when you look up these addresses, which is another red flag.
This company has resorted to multiple shady tactics to promote itself. And that’s definitely not a good sign.
The first red flag was the lack of data on their MD and portfolio managers. Are their portfolio managers operating without any certifications? If so, you can’t trust their advice.
On the other hand, if they are certified, why isn’t the company displaying that information? It puts their credibility in question, regardless of the offices they have.
As we’ll discuss the different BRIC Group reviews, you’ll find out why this real estate consultancy firm is not the best choice for you.
BRIC Group Reviews: Suspicious Positive Reviews
If you’d look up BRIC Group reviews, you wouldn’t find many reviews on this business. For a company that has been operating since 1996, they have very few reviews on their services.
BRIC Group Reviews on BRIC-Group.com
You’ll find a dedicated page on it’s website that lists out their various BRIC Group reviews. When a company posts its own reviews on its website, you know you can’t trust them.
After all, why would a company share its criticism on its website?
On BRIC Group’s website, you’d find a ton of BRIC Group reviews that you can’t verify. There are 20+ reviews on their official website, which they claim are from their clients.
However, there’s no way to verify these reviews. These people don’t give any ratings or share any insights about the company. They only sing praises of the company.
All you’ll see is a set of random names with long paragraphs praising BRIC Group as the best investment advisory company. There’s no way to know if these are real people or not, you have to take its word for it.
For a company that has been operating for 20+ years, they have no single customer that can share a picture of themselves with their testimonials. Is BRIC Group legit? I don’t think so.
BRIC Group Reviews on Trustpilot
Trustpilot is a popular review website. However, their credibility has always been in question because of their business model.
On Trustpilot, BRIC Group has a 3.8 out of 5 stars rating:
That’s not all.
The reviews of BRIC Group you’ll see on Trustpilot are quite sketchy. First, they are all 5-star reviews. But they don’t share any specific details about their experience with the company.
Why am I raising suspicion on BRIC Group’s Trustpilot reviews?
Because of this:
As you can see, it’s very easy to get positive reviews on your Trustpilot profile. All you need to do is shell out a few hundred bucks.
If you’d notice its reviews on Trustpilot, you’d see they are from accounts that haven’t posted any other review. This means, they created an account solely to post a 5-star review on BRIC Group’s Trustpilot profile.
Have you ever created a dedicated social media profile only to post a single 5-star review on a business? Chances are, you haven’t. Because it doesn’t make sense to put in so much effort for a single review.
On the other hand, if someone is paying you to do the same, it would make a lot of sense to create an account and post a 5-star review.
Due to these reasons, it’s positive reviews are quite suspicious. You should read them with a grain of salt.
BRIC Group Real Estate Consultancy: Shady Terms and Conditions
BRIC Group is a real estate consultancy firm. They claim to provide you with personal portfolio consultancy that helps you determine which investments match your requirements the best.
They also help you with in-house compliance and assist you at all stages of the purchase.
But when you hire a portfolio manager, you hire an expert right? It seems Group doesn’t trust its portfolio managers itself.
On their website, they have an entire section for their investment portfolio with different investments.
According to their terms and conditions, you shouldn’t take any information on their website as financial advice.
Their T&Cs also mention that you can’t hold them liable for their recommended investments. All the decisions you make while following their recommendations, will be on you.
So, if their portfolio manager recommends you a poor investment, you can’t hold them liable.
This is certainly a shady tactic. Moreover, the prices of the properties you see on their website can change anytime, according to their T&Cs. This clause gives them another opportunity to scam investors.
Suppose you decide to buy a property through the BRIC Group company. You can’t trust the price you see on the website because it can change anytime. And once the seller knows you’re interested in the property, can’t they increase it at the last minute?
Would you walk away from that deal if your BRIC portfolio manager is constantly recommending you to buy the property?
The terms and conditions of this company make it very difficult to trust it. That’s why it would be best to avoid working with them altogether.
Conclusion
BRIC Group has too many red flags for an international real estate investment firm. The company’s terms and conditions put all the liability on the client. Their website gives no information on the qualifications or experience of their portfolio managers.
Moreover, the positive BRIC Group reviews are too sketchy to trust.
It would be best to avoid this firm because they are too unreliable. You can easily find a company that offers you real estate investment services without putting you through so many hurdles.
