Pennywise Wealth Management: Scam or Legit?

Pennywise Wealth Management was incorporated in England and Wales with limited liability by Royal Charter 1853, under reference no. ZC18 with its Principal Office at 1 Basing hall Avenue, London, EC2V 5DD. Pennywise Wealth Management has a singular objective: to help you make the most of your money, so that you can live better. Since their start we have developed a range of products and services in pursuit of this objective—from advanced investing strategies to new ways of offering financial advice.


Pennywise Wealth Management uses real-world evidence and systematic decision-making to help increase the take-home value of their customers’ wealth. When developing new investment products or advancing their current offerings, they start with a body of well-developed, robust research, then use a system of rules to remove bias and preconceptions from their decision-making process.


While they’ve formalised their investing philosophy and internal processes over time, Pennywise Wealth Management has held to these same tenets since the beginning. They launched with an investing strategy based on more than 50 years of advanced research in Modern Investment Theory. The result was an Investment strategy composed with customizable risk management. Over time, they improved, each advancement emerged from identifying more efficient, effective, and robust methods, and each time they’ve made a change, they’ve used a decision-making process less susceptible to bias. In short, they strive never to be dogmatic in their approach, but rather focus on practical, evidence-backed ways of giving investment advice and building services.


They build Wealth through the stock market, real estates, digital market, Gold mining, and investments in shares of company stock, Hard Currency exchanges, Crude Oil, Metals, Energy, and Agriculture and turn this assets into cash. At Pennywise Wealth Management their experts gets into more details trading process in the open market for ready cash. Typical investment management companies are owned by outside stockholders. These companies have to charge fees to pay their owners, which can reduce investors’ returns.


At Penny Wise there are no outside owners, and therefore, no conflicting loyalties. The company is owned by its funds, which in turn are owned by their shareholders—including you, if you’re a Penny Wise investor. Their unique client-owned structure allows them to return profits to their investors in the form of lower expenses. Low costs helps their clients keep more of their returns, which can help them earn more money over time investing with Pennywise Wealth Management.


In other words, Penny Wise is structured as a “mutual” fund company. Their interests are completely aligned with those of their clients. They never have to weigh what’s best for clients against what’s best for the company, because they are one and the same. Investors around the world can benefit from the result: stability, transparency, long-term perspective, rigorous risk management, low costs, and a bedrock commitment to their best interests.


They charge a one-time Investment management fee of $50.00 for any registered account that has made an investment deposit with Pennywise Wealth Management. The account management fee is applicable for any account that has invested with us. Pennywise reserves the right to change these fees. In certain circumstances, and at our sole discretion, Pennywise may notify selected customers of a specific fee change, where they consider a change to be of particular relevance to such customers.


Pennywise Wealth Management offers three investment plans called Premium, Gold and Platinum. Daily returns are 2%, 2.5% and 3% respectively. The minimum deposit is 100 USD and 30,000 and 60,000 for the higher plans.


There are two primary ways to move money to Pennywise:


  • By transferring investments from an account at a different firm, and
  • By linking a bank account to make cash deposits.


In addition to transfers, any customer can link their bank account to Pennywise to make cash deposits, including regular automatic deposits. To help prevent fraud, pennywise customers can link only one bank account at a time for deposits. You can sync as many bank accounts as you wish to simply see all your assets in one place.


Research has shown that Pennywise Wealth Management is an illegal clone of a real company called Pennywise Investments. This real company has even placed a warning on its website that says that it has nothing in common with Pennywise Wealth Management The reason why Pennywise Wealth Management is trying to look like a clone of a legit company is to confuse people and make them believe that Pennywise Wealth Management is legit too. But it is not. It is an illegal clone and a scam. One of the main reasons why Pennywise Wealth Management has a similar name to a legit company is that it uses its credentials, it claims to be regulated. But it is not.


According to its Terms and Conditions, Pennywise Wealth Management is located in Great Britain. This means that it has to be regulated by the Financial Conduct Authority. But it is not. Pennywise Wealth Management has no license whatsoever, it is an illegal investment service, clients’ deposits are not protected in any way. When looking at any investment offer, you always should carefully check who is providing it. It always should be a company licensed to offer investment services with a license valid in your country.


It has already been established that Pennywise Wealth Management is not regulated at all. What is even more alarming, is that it is completely anonymous. It does not provide any address nor phone number. Investing with Pennywise Wealth Management means that you would be sending your money to an anonymous and unregulated entity. So, in case of any problem there would be nobody to help you. You would not even be able to tell who scammed you, because real owners of Pennywise Wealth Management remain hidden.


Last but not least, we can tell that Pennywise Wealth Management is a scam just by looking at the investment plans. Because 60% to 90% monthly is a ridiculous number that no legit company can achieve on a regular basis. When you see this kind of profits offered by an anonymous company, you can be 100% sure that it is a fraud. Indeed, Pennywise Wealth Management is a scam that can’t earn you anything; it can only lose your money.


Pennywise Wealth Management is a scam; there is no doubt about it. But how it really operates? It obviously is a Ponzi scheme, which means an illegal financial game. Ponzi schemes work like this: they claim to be doing some legit investment activities, they offer unrealistic returns and they collect money from people. At the beginning, they pay the profits, but they use money from newer deposits for that purpose. Since Ponzi schemes like Pennywise Wealth Management don’t do any real economic activity, they only play with money they get on deposits, they are destined to collapse. Because withdrawal requests will sooner or later be bigger than new deposits coming into the system. With scams like Pennywise Wealth Management it is only a matter of time before they collapse. It is certain to happen. The only thing you don’t know is when it will happen. The safest thing to do is to stay away from them.


Pennywise Wealth Management accepts deposits through Perfect Money, Payeer and Bitcoin. If you made a direct deposit in Bitcoin, then it unfortunately is irreversible. If you used one of the mentioned companies, contact them, explain that Pennywise Wealth Management is a scam and ask them to refund your deposit(s). Don’t look at if Pennywise Wealth Management is still paying or not, it is a scam that is going to collapse any time, so get out as quickly as you can.


Instead of doing things that are sure to crash, why not venture into businesses that are built to last? Immeri Global is one such business that is built to last.

Neksummi Matthias

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