LM
Lise-Mari Maartens

1 reviews | Active since Feb 2019

13 Feb 2019, 10:31

Low Fees, Low Service

10X is quick to offer advice of where to invest your money and to sign up new clients but it has been an absolute nightmare to move funds from them to another company’s.

It has taken 7 months to transfer money from a 10X Retirement Annuity to another Fund Manager and it is still “in transit” with no resolution in sight.

They have not responded to my emails, have sent the wrong forms all the while deducting the monthly management fee (not to mention that the fund lost value in the past 18 months). Transferring the same funds in 2017 from Coronation to 10X took under 2 months.

I run a financial group for women and will never suggest anyone makes use of your services. Who cares about low fees if the service is non-existent?

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Replies (4)
10x Investments
10x Investments's reply13 Feb 2019, 14:45
Official
Good afternoon Lise-Mari_Maartens,
I will investigate the transfer, and provide feedback to you as soon as possible.
Michelle de Jager
LM
Lise-Mari Maartens's update19 Feb 2019, 15:48
Reviewer Update
Hi Michelle, Any feedback on this yet? It has been nearly a week since I raised this. I have Sygnia contacting you with no response yet either. Lise-Mari
10x Investments
10x Investments's reply19 Feb 2019, 16:20
Official
Good afternoon Lise-Mari, 
I was informed by the claims administrator that they are still waiting for your tax directive. I have asked that SARS provide the reason for the delay. I apologise for the lack of a response, but will ensure that the claims administrator keep you informed of any feedback from SARS.
Michelle de Jager
LM
Lise-Mari Maartens's update19 Feb 2019, 17:28
Reviewer Update
Thanks Michelle, appreciate the follow up.