Marc Hermann Wealth Management has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". FCA UK - Unauthorised firm Marc Hermann Wealth Management
Phones: 020 3129 7705
Addresses: The shard 32 London Bridge Road London SE1 9SG United Kingdom This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.mhwealthmanagement.com.
KYC with Marc Hermann Wealth Management is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Competitive fees|Wide product range|Multi-currency support
Cons: Email notifications too frequent
If you are reading this considering Marc Hermann Wealth Management - run. I wish I had read more negative reviews through a financial advisor. I thought the positive ones were real. Maybe some are. My experience over for the past six months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Wide product range|Great customer service|Multi-currency support|Clear documentation
Cons: Onboarding videos are outdated
My withdrawal request from Marc Hermann Wealth Management has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Excellent charting|Real-time alerts
Cons: Website design could be more modern
I wanted to transfer my portfolio from another broker to Marc Hermann Wealth Management. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Portfolio tracking tools|Low minimum deposit|Risk management tools
Cons: Limited ETF selection