Kmg Capital Markets Reviews

I feel compelled to write a review about my client's experience with KMG Capital Markets LTD to prevent other hard working honest people making the same mistake . KMG market themselves as : " The KMG SICAV-SIF is an “open architecture platform”, created exclusively to enable third parties to launch their own fully supported and administered Luxembourg regulated SICAV SIF Funds" The reality is KMG are a very unprofessional, under-resourced and poorly managed organization. Kevin Mudd the KMG CEO has a very unsavory track record in the offshore financial services and has had a number of run-ins with the various regulatory authorities. Being associated with KMG will have a negative impact on your brand and business, you will find this out when it is too late. Mudd owns a number of business with Devere CEO Nigel Green including GlobalNet the Cypriot regulated IFA network. A large number of the funds on the KMG Platform are Devere backed Valais Funds. Mudd has two puppets who do all of his dirty work while he pulls the strings from behind the scenes, Paul Pavli the KMG Operations manager and Mark Martingdale "Head of Portfolio Management " . Both individuals have chequered histories in financial services. KMG are currently under investigation by the CSSF due to the inappropriate management of the KMG Sicav platform. The CSSF are alarmed at the large number of suspended, illiquid funds on the platform. The reality is once you are on the platform you are stuck. The CSSF are also extremely uncomfortable with the manager of the KMG Sicav platform KMG Capital Markets LTD passporting into Luxembourg using their Cysec Cypriot regulation. A number of large institutional investors are in the process of taking legal action against KMG to get their investor funds unblocked and redeemed off the platform, the reality is that Kevin Mudd controls the board of the Investment manager and the fund. His modus operandi is to get investors onto the platform, he will then attempt to get the fund suspended so he maintains the fee income and AUM for as long as possible. Once the CSSF has concluded its investigation it is highly likely that KMG will lose their license and the fund platform liquidated. There are a number of well regulated, ethical and efficient platforms operating in Luxembourg, I would urge you to use one of these. Please learn from my client's mistakes and do not go anywhere near KMG.