FIELDING FINANCIAL ROBOT
Peter Thomson International plc
Worldwide Wealth Services Ltd
54 Kenilworth Road
- Extract from sales copy
- Your feedback
Extract from sales copy:
My name is Gill and for over 30 years I've been a wealth creator.
Yes, starting from very humble beginnings I became a multi-millionaire
investing in land, property, shares, options and commodities as well as many successful
But now I've found
Something so absolutely extraordinary it's become the pinnacle of my wealth
It's a new technology breakthrough which is allowing me and just a few
other people 'in the know' to reap HUGE REWARDS trading on the currency Markets.
It's mind-boggling at times.
Not only is
The money I'm generating passive! (I'm doing it from my own home
while I go about my everyday life) but also the RETURNS I am achieving by far
exceed any returns I've ever achieved from any other of my investments during
my 30 years of wealth creation.
Perhaps you know
The Foreign Exchange Market is gigantic. There are over 4 Trillion DOLLARS
worth of currency traded every day - making it by far the single biggest market
you can trade in.
Currency trading up to now has been the realm of the investment bankers
with their huge IT infra-structure and their large staff of full time traders
- watching the market for every move it makes.
For the average person in the street
The big breakthrough has been via technology and the development of what are called:
Trading Robots. Now in nano seconds these Robots are able
to make the thousands of calculations required to constantly trade massive volumes
and keep up with the market.
Thats what so excited me and why I have teamed up with 3 brilliant
technology experts to perfect
The Fielding Financial Robot
On the Philosophy page of her web site at www.gillfielding.com, Gill Fielding
"My personal passion has always been to assist life choices for people
by facilitating their own financial freedom: my mission is to ignite the
pilot light of financial possibility' for you."
The mission of Gill Fielding has changed somewhat, because a few years ago
she said that her mission was to 'light the spark of financial intelligence"
Sadly, when Gill Fielding promoted the discreditable Passive Investments property
purchase scheme, her efforts to "light the spark of financial intelligence"
in people led to disaster.
Here's what I said about Gill Fielding's promotion of Andy Shaw's Passive Investments
in the September 2007 issue of BOW, when I rated Passive Investments at zero out
It's unfortunate that there are gushing reviews on the Internet from several
life coach ladies, such as Nicola Cairncross, Gill Fielding, Judith Morgan and
Maria Davies. All these ladies are professional people in their own sphere, and
it's worrying that they don't mention the need to have independent advice from
a qualified professional person on an investment which, for many people, will
probably be one of the largest they make.
Neither do any of these ladies mention the need to have sufficient resources
to tide you over hard times.
Nor do they mention any caveats about the mind-boggling £35,000 6-year
advance fee. Instead, they just seem to say, "Andy's wonderful, so just
pay him and let him get on with it".
This is what the Passive Investments web site says about Gill Fielding:
"We were persuaded by an acquaintance Gill Fielding, who has now become
a very good friend, that our product IS superb but that we were not explaining
it very well at all. We were not showing people the enormous benefits to them
which we knew were there.
We were not making clear to people what a big deal this really was.
Gill offered to explain it to people for us at some Open Day Presentations, and
didn't want to be paid to do this for us, she saw our product as a way of helping
her on her mission; which is to 'light the spark of financial intelligence'
She then paid us the compliment of becoming our Client, going on to present us
as she saw us from both the view of a Client and a friend."
Gill Fielding is a Chartered Accountant, a qualified teacher and coach. She manages
"The Wealth Club" through a company called The Wealth Company Ltd and
"Very soon! Gill is in a well-known TV documentary on Channel 4."
Nicola Cairncross's website reveals that this documentary is called The Secret
This is what Gill Fielding says on the website at www.certainshops.com:
"I became a Passive Client in early 2005. I bought my first property through
them in July 2005 at £82,000, they spent just £2,000 doing it up and
it was re-valued 6 months later at £110,000. At that time I drew out £23K
and there has always been a tenant in the property. I am now eagerly awaiting
property number two.
I really like what Passive Investments do for two reasons, firstly, I know from
my own experience as a Chartered Accountant and as a presenter of financial information,
that the basic type of properties they buy - i.e. the 1 and 2 bedroom flats and
houses, over time produce the best return on my money both in terms of income
yield and capital growth.
Secondly, I don't have to do anything!
This is brilliant for me as I am a busy person with my own business and
a hectic family life, with a husband and 3 kids and I just don't have the time
to build my property portfolio very quickly. So I am delighted to say that I've
never even seen the property I've bought from Passive but of course I have seen
the profit, so I can't wait for the next property to arrive!
Normally, Chartered Accountants are very hot on advising their clients to do due
diligence, on advising them to obtain independent professional advice, and on
doing due diligence themselves. Indeed, these are basic elements of the "financial
intelligence" which Gill Fielding says is her mission. On this occasion,
it seems to have been somewhat overlooked: the due diligence of Gill Fielding
did not extend to seeing the property before she bought it.
Passive Investments went into Creditors Voluntary Liquidation on 23rd December
2009 with an estimated total deficiency of £8.6 million, most of which (nearly
£8 million) was "Portfolio agreement claims" i.e. the jaw-dropping
advance fees of £35,000 for six years' service in advance which customers
paid to Passive - and which of course resulted in a liability to provide these
services for six years.
The fact that the liquidator has included these amounts as a liability appears
to show that he agrees with my statement in my review of Passive Investments that
the company's accounts were incorrect as they did not show its true financial
position because they did not include this liability at all.
Let us turn now to the new Gill Fielding promotion - the Fielding Financial
The Gill Fielding Financial Robot seems to be promoted by some of the biggest
names. It was promoted in August 2010 with an email from David Hughes to customers
of the well-respected Nightingale Conant publishing company. Nightingale Conant
describes itself as "World Leader in Personal Development Since 1960".
David Hughes is Nightingale Conant's managing director.
In his email, David Hughes says that he has "finally taken the plunge
myself by personally becoming a member of the Fielding Financial Robot"
and then goes on to ask "How about you? Are you going to give it a go
If you do want to "give it a go" then you can click on the
link given in David Hughes' email, which brings up a special version of the Gill
Fielding Financial Robot website, with a long tracker number in the header. Tracker
numbers are normally an indication that a commission link is embedded in the page
if you go on to order, so that the source of the order gets a commission on the
To buy the Gill Fielding Financial Robot, you pay £998 plus VAT (which you
pay to Peter Thomson International plc) and thereafter £197 a month (which
you pay to Worldwide Wealth Services Ltd).
Peter Thomson describes himself as "The UK's Leading Strategist On Business
and Personal Growth" and he held four seminars with Gill Fielding in
London in August 2010 to promote the Gill Fielding Financial Robot.
According to an interview she gave to the Times newspaper less than a year
ago in November 2009, Gill Fielding said that she had started foreign exchange
trading a month previously.
Less than a year later, this novice foreign exchange trader is inviting you
to "trade automatically by mirroring the exact same parameters I've developed".
So why would you want to follow a novice trader like Gill Fielding?
Gill Fielding says it's because of the returns she's getting. She says that
"the RETURNS I am achieving by far exceed any returns I've ever achieved
from any other of my investments during my 30 years of wealth creation ... the
rate of return I've experienced in some trading months of a massive 30% (that's
30% per MONTH). I know this sounds unbelievable - trust me the figures are true!"
And that's it. Gill Fielding doesn't give you any other figures about her own
results at all, not even what her average monthly returns are.
In addition, the Gill Fielding Financial Robot offer comes with the longest Terms
and Conditions I have ever seen for this type of offer, running to 19 pages when
I printed them out.
There are, surprisingly, very few facts in the Gill Fielding Financial Robot
sales material. But I had a very large number of questions - more than I've ever
needed to ask about any other offer I've ever reviewed to date - so I wrote to
Gill Fielding. I apologised to her for the extraordinary number of questions,
explaining that they all arose because her sales letter for the Fielding Financial
Robot contained very few facts but very big promises, and also because I found
her sales material confusing and, in places, contradictory, so I need her clarification
Here are the questions I sent to Gill Fielding and Peter Thompson:
- It seems that Gill Fielding only started foreign exchange trading about a
year ago in October 2009. As a novice trader, why does Gill Fielding believe that
people should follow her trades?
- I understand that the Gill Fielding Financial Robot system is based on a robot,
called the Fielding Financial Robot, which automatically trades foreign exchange,
based on mathematical principles.
Robots have two big advantages. Firstly, they can watch the markets around the
world 24 hours a day and assimilate massive quantities of data - both of which
are things that you couldn't do yourself. Secondly, and perhaps even more importantly,
robots don't have emotions. They have perfect self discipline to follow their
programmed system, whereas a human may become fearful or panic when a trade is
losing and close the trade sooner than dictated by the system they are supposed
to be following, or experience a rush of excitement when a trade is winning so
they hold on for longer than their system tells them to.
However, it's only sensible to rely on a robot if it has been proven to deliver
consistent profits. Can you show evidence of this?
- he sales material says that the Gill Fielding Financial Robot was developed
by "3 brilliant technology experts". Who are these experts? And
are they simply computer experts or are they foreign exchange trading experts,
The Gill Fielding Financial robot sounds very similar to the Midas robot created
by Worldwide Wealth Services Ltd, the company to which people buying your robot
pay their monthly £97. If it's the same one, then the Midas robot was developed
by the following three individuals, according to the information on the website
"Duane, a self-confessed geek who has not only been programming computers
since the age of eleven but also happens to be a qualified computer engineer.
And as if that wasn't gruelling enough, he's completed the Ironman Triathlon...TWICE!
George, who according to his doctor should be pushing up daisies after an industrial
accident, had to leave his Site Manager position of 10 years. He then turned to
the internet dabbling in affiliate marketing before moving on to Forex.
AND last but not least, James, whose experience of generating passive income through
international Real Estate is so highly regarded that he's personally mentored
over 330 property investors from all over the world. AND not only is he a sought
after public speaker, he cooks a killer curry too!"
So it sounds as if the 3 "brilliant technology experts" comprise
one programmer (Duane), one person who "mov[ed] on to Forex"
(George) and a third person who seems to be a property investor and public speaker
Is this right?
And is data available of the robot's performance over these 10,000 hours of testing?
- Initially, on reading the sales material for the Gill Fielding Financial
Robot, I thought that, having developed this miraculous robot, these 3 "brilliant
technology experts" then sold it to Gill Fielding, because it says that
"What you get is access to my trading robot, which has undergone
over 10,000 hours of back, forward and live testing".
On re-reading, however, it seems to me that the robot doesn't actually belong
to Gill Fielding at all. Instead, it seems that Gill Fielding has probably just
acquired a licence to use this robot (and to sub-license it to her customers)
and that what she was actually testing (when she lost her money three times according
to the sales letter) was the settings to apply to this robot. Is this right?
If so, please explain how, after only about a year of trading forex, Gill Fielding
has become such an expert in judging world economic conditions and the markets
that she is confident enough to market her skills. Normally, expertise like that
takes years to build up even for full-time specialists who are immersed in the
forex world, working for the investment banks etc with all their top resources,
whereas Gill Fielding says that she is "just an ordinary wife and mum"
and "The money I'm generating passive! (I'm doing it from my own
home while I go about my everyday life)" so it appears that she doesn'twork
full-time and she doesn't monitor world economic conditions full time.
- Oddly, Gill Fielding says that "Market conditions don't drive decisions,
maths and logic do. So if a profit can be made the Robot is on to it."
So, is Gill Fielding claiming that her Financial Robot delivers profits whatever
the market conditions? If so, that is a mind-blowing claim which makes human intervention
unnecessary. Indeed, the Terms and Conditions state that "Trades are done
automatically and do not require human intervention whatsoever [sic]".
Please explain how, logically, a mathematical system can deliver consistent profits
in widely differing market conditions.
According to my research, the foreign exchange market is enormously complex and
difficult to predict. The world's currency markets are like a giant
melting pot which is constantly changing in response to economic factors, current
events and market psychology. All of these factors affect supply and demand,
and it is supply and demand which make the prices of currencies move.
So what you have to try to predict is supply and demand. But who controls
supply and demand? The biggest banks account for over 50% of all transactions.
They trade both on behalf of their customers and also on their own account
with speculative trading. The rest of the market is made up in order of
size of the following: the rest of the banks; companies obtaining foreign exchange
for the purposes of paying for the goods and services they use in their trade;
central banks; investment managers acting on behalf of institutional investors;
hedge funds; and - last of all - retail forex brokers offering speculative trading
to private individuals, such as people trading with the Gill Fielding Financial
You can see from this that you could not gamble with any certainty on anything.
Let us take a hypothetical example of a rumour in the news that the next set of
UK inflation figures are going to be worse than expected. Inflation normally means
that the price of a currency goes down. So could you safely bet that the
pound would fall?
The answer is "No", because the financial markets react not only to actual monetary
flows but also to expectations of changes in monetary flows: this depends on how
the main players (i.e. the big banks etc) react to the facts. So what you
have to do is to try to predict how the market will react to this rumour.
That is very difficult because the banks may have already taken account of this
information in their purchases and sales of foreign currency - after all, they
have the tremendous advantage of seeing their customer's accounts and seeing all
their customers' foreign exchange purchases and sales, so they know about changes
in demand and supply before you do. Or the banks might have expected that
the inflation figures were going to be worse than the latest rumour predicts them
to be, which might send the pound up rather than down. Furthermore, the banks
may hold the view that other economic factors would apply to tend to push sterling
up. And, on top of all this, if you are trading a pair of currencies, you
have to consider any independent or related factors which could affect the other
currency of your pair.
Foreign exchange markets are not only influenced by economic and political conditions,
either. They also very often move in cyclical trends, long-term and short-term.
This is an enormously complicated area which the specialists study.
In the light of all these factors which influence it, how can the Gill Fielding
Financial Robot be a magic formula to crack the foreign currency market?
- Whereas the Gill Fielding Financial Robot sales letter states that "Market
conditions don't drive decisions, maths and logic do. So if a profit can be made
the Robot is on to it" and the Terms and Conditions state that "Trades
are done automatically and do not require human intervention whatsoever [sic]",
it seems to me that the sales letter effectively says that human intervention
is required and that, moreover, this human intervention is the critical factor
which determines whether you make profits or losses. There are three reasons why
I say this:
Firstly, because it seems that what Gill Fielding was doing when she lost your
money three times was that she was trying to come up with the best parameters
to apply to the robot. That's human intervention.
Secondly, Gill Fielding is selling her Financial Robot system on the basis that
in order to achieve the same results as herself, purchasers can set the same parameters
that she sets. That's human intervention.
Thirdly, Gill Fielding says in her sales letter that "Whenever I change
my personal settings (as a result of what's happening in the world) then I email
you with the new settings so you can make the same change straightaway - isn't
that just perfect?" Human intervention, again.
Therefore, please clarify whether your position is that market conditions do or
do not drive decisions, and whether human intervention is or is not required to
operate the Fielding Financial Robot.
- Gill Fielding seems to have made an important logical error in her sales
material. She says "let's say you get the rate of return I've experienced
in some trading months of a massive 30% (that's 30% per MONTH)". Then
Gill Fielding makes the wild, illogical leap to a figure of over a million pounds
(£1,279,647) based on an initial stake of £25,000 and a return of
30% EVERY SINGLE MONTH for 16 months. Please explain Gill Fielding's justification
for quoting a figure based on an ongoing consistent return of 30% which, by her
own admission, she has only achieved herrself in "some trading months".
The top foreign exchange traders consistently make about 10-20%. Do they know
about the Gill Fielding Financial Robot? Perhaps she should tell them.
- Gill Fielding then goes on to give figures for her Financial Robot with a
lower initial investment of £5,000 and a lower (but still consistent, month
by month, every single month) 10% profit rate, and she quotes the sums achieved
of £15,692 in 12 months, £42,249 in 24 months, and £154,563
in 36 months. Please explain how these figures can be realistic, because surely
it's in the nature of financial trading that you make profits in some months and
losses in others? Or are these astonishingly consistent results from the Gill
Fielding Financial Robot based on the results of one of her friends, since she
says that "One of my friends has been trading exactly this way"?
If so, can you provide evidence of this?
- Gill Fielding says that people can get started with her Financial robot system
with a starting bank as low as £1,000. Please explain how this can be realistic.
My understanding is that, because typical levels of consistent returns are not
high and because it is prudent to risk only about 3% of your bank on any one trade
and because you also have to factor in the broker's charges, you will only make
a decent profit if you bet with a substantial sum, and the normal minimum recommended
sum is £10,000.
- I stated above that "it's in the nature of financial trading that
you make profits in some months and losses in others". In other words,
it's risky. It appears, however, that Gill Fielding doesn't think it's risky at
all, because the sales letter for her Financial Robot doesn't mention one word
about risk or losses. Instead, Gill Fielding uses phrases like "It's a
new technology breakthrough which is allowing me and just a few other people 'in
the know' to reap HUGE REWARDS ... So if a profit can be made the robot is on
to it ... your £25,000 grows to over £1 million ... £5,000 becomes
£15,692 ... you truly become financially free ... the ultimate way to create
your own passive income stream ...The Fielding Financial Robot is the best way
I can think of to secure your financial future ... the great thing about the Fielding
Financial Robot is it can provide you with a monthly income or with a vehicle
for capital growth ... what I would suggest however is you take out as little
as possible so you leave it to compound going forward and then the returns can
truly become massive in the medium term (2 to 3 years) providing you and your
family with financial freedom forever ... I've made it as easy as possible for
you to achieve the same extraordinary financial results I'm achieving .. you have
nothing to lose and so much to look forward to".
Is it correct that Gill Fielding believes that financial trading is risk-free?
If so, please explain why, since I'm not aware of any other financial trader who
agrees with this
- Again on the subject of risk, why does Gill Fielding advise people using her
Financial Robot to "take out as little as possible so you leave it to
compound going forward and then the returns can truly become massive in the medium
term"? Good risk management surely demands that profits be taken regularly,
because otherwise you continually have all your money riding on current movements
of the market, so you could lose it all with just one unexpected event.
- Sadly, the small print on the Gill Fielding Financial Robot website states
the exact opposite of the sales letter regarding risk. The small print says: "U.S.
Government Required Disclaimer - Commodity Futures Trading Commission Futures
and Options trading has large potential rewards, but also large potential risk.
You must be aware of the risks and be willing to accept them .... Don't trade
with money you can't afford to lose. ... Your actual trading may result in losses
as no trading system is guaranteed."
So, which is it - "large potential risk" as per the small print
or "you have nothing to lose" as per Gill Fielding's sales letter?
- Sadly, too, the small print effectively says that Gill Fielding's income
projections for her Fielding Financial Robot mean nothing. The small print says
"No representation is being made that any account will or is likely to
achieve profits or losses similar to those discussed on this web site".
So why does the Gill Fielding Financial Robot sales letter give income projections
of achieving over £1 million in 16 months with starting capital of £25,000
and income projections of £15,562 in 12 months with a starting capital of
£5,000 if this doesn't mean anything? Am I missing something here?
- Why is there a U.S. Government Required Disclaimer at the foot of the Gill
Fielding Financial Robot sales page? Surely, the site is a dot co dot uk site
(www.fieldingfinancialrobot.co.uk), and it's expressed in pounds sterling,
so why isn't the disclaimer for the UK?
Obviously, British users might naturally think that this disclaimer does not apply
to them. So, does Gill Fielding believe that it applies to them, or is it something
which she believes applies only to the US visitors to the site, who I would have
thought would be a minority?
Surely the normal procedure would have been to have had a UK disclaimer on the
dot co dot uk site, and to have set up a mirror dot com site in dollars for the
US market? Can you please enlighten me on this?
- The whole of the sales material for the Gill Fielding Financial Robot is
based on people using the system being able to "get exactly the same results
I'm getting with my investments".
But there's a big problem here, because Gill Fielding only gives one solitary
piece of information about her own trading results with the Gill Fielding Financial
Robot. All she says about her own trading results is that "in some trading
months" she achieved a return of 30%.
That one piece of information is really no use at all, because any trading system
can sometimes deliver good profits.
A good trading system will consistently deliver profits - not high profits, but
So, what people thinking of buying the Gill Fielding Financial Robot system need
to know is this: what profits has Gill Fielding achieved over the year or so that
she has been using this system?
And is Gill Fielding prepared to provide evidence of this, in the form of her
broker accounts for this period?
- It would also be useful to have details of the results achieved with the Gill
Fielding Financial Robot by David Hughes, the managing director of Nightingale
Conant. In his marketing email for the Gill Fielding Financial Robot in August
2010 David Hughes told his Nightingale Conant customers that he had "finally
taken the plunge myself by personally becoming a member of the Fielding Financial
Robot" and he provided a link (which looks like a commission-bearing
link) so that his customers could sign up, too.
- Perhaps details of the results achieved with the Gill Fielding Financial Robot
by Peter Thomson, whose company Peter Thomson International plc receives the initial
payment of £998 plus VAT, could be provided, too? I understand that Gill
Fielding ran four seminars with Peter Thomson in London in August 2010 for people
interested in the Gill Fielding Financial Robot.
- I scanned through the Terms and Conditions on the website for the Gill Fielding
Financial Robot, which are the longest Terms and Conditions I've seen for an offer
of this type. Many of the terms appear to be in favour of the publisher, Worldwide
Wealth Services Ltd. One particular term which caught my attention is the Entire
Agreement clause contained in paragraphs 15.1 and 15.2 of your Business Terms
and Conditions agreement.
Although defended by lawyers as being in the interests of both parties because
it brings legal certainty to exactly what is being promised by the vendor, unfortunately
this innocuous-appearing clause often catches out members of the public because
they often don't have any idea what it means. So they don't know that it's a bombshell
which blows to legal smithereens all the other claims and representations (whether
written or verbal) which the vendor made. With an Entire Agreement clause, all
that counts legally is what's written in the agreement.
Gill Fielding's written agreement doesn't say anything about people earning over
£1 million in 16 months. In fact, it doesn't say anything about people earning
anything at all.
Don't you think that this is a bit unfair, because of course the only reason people
buy the Gill Fielding Financial Robot system is because of the risk-free wealth
representations which Gill Fielding makes in her sales letter?
The Office of Fair Trading thinks that Entire Agreement clauses are unfair. In
their document "Unfair contract terms guidance - Guidance for the Unfair
Terms in Consumer Contracts Regulations 1999" published September 2008, ref
OFT311 they say as follows:
14.1.3 Consumers commonly and naturally rely on what is said to them when they
are entering a contract. If they can be induced to part with money by claims and
promises, and the seller can then simply disclaim responsibility by using an entire
agreement clause, the scope for bad faith is clear. Even if such a term is not
deliberately abused, it weakens the seller's incentive to take care in what he
says, and to ensure that his employees and agents do so.
14.1.4 Such terms are often defended on the grounds that they achieve 'certainty'
as to what statements bind the parties. But they do so only at the unacceptable
price of excluding the consumer's right to redress for misrepresentation and breach
of obligation (see Groups 1 and 2 on unfair exclusion clauses).
Perhaps Gill Fielding would contend that people signing her agreement to buy
the Gill Fielding Financial Robot are doing so in the capacity of business people
rather than as consumers, so that consumer protection legislation such as the
above doesn't apply. However, I doubt that such a contention would succeed, in
view of the circumstances that her Gill Fielding Financial Robot marketing material
seems to me to be aimed at people who have never done any financial trading before,
and who can sign her agreement on a whim with a few clicks of the mouse.
Also, Gill Fielding is known chiefly as someone who gives money management advice
to the public, rather than to business people.
Moreover, Gill Fielding's sales letter repeatedly talks about "investment",
how much money people want to "invest" and "my own
personal investing". That sounds to me like language for consumers. The
word "business" (or any derivative of it) only appears once in
Gill Fielding's sales letter, which is where she says "Yes, starting
from very humble beginnings I became a multi-millionaire investing in land, property,
shares, options and commodities as well as many successful businesses".
- I also noticed with some astonishment that the agreement for the Gill Fielding
Financial Robot states in capitals that "ALL PARTIES TO THIS AGREEMENT
ARE GIVING UP THE RIGHT TO SUE EACH OTHER IN COURT, INCLUDING THE RIGHT TO A TRIAL
BY JURY" and the agreement goes on to state that the arbitrator is the
Financial Industry Regulatory Authority. Please correct me if I am wrong, but
under section 91 of the Arbitration Act 1996, a compulsory arbitration clause
is automatically unfair if it relates to claims of £5,000 or less, with
the result that such a clause is both legally ineffective and open to regulatory
action. Moreover, in its "Unfair contract terms guidance - Guidance for
the Unfair Terms in Consumer Contracts Regulations 1999" the Office of
Fair Trading states that "If an arbitration clause is to be used, it should
be free from the element of compulsion, Such a clause can, for example, make clear
that consumers (or both parties) have a free choice as to whether to go to arbitration
So it seems to me that any purchaser of the Gill Fielding Financial Robot
who wanted to sue Gill Fielding or Peter Thomson (not that I'm suggesting anyone
should or would) could do so if they wanted to. Would you like to comment on this
- It's good that there is a no-quibble 30-day money back guarantee for the
Gill Fielding Financial Robot. This certainly gives people the chance to become
familiar with your system and find out if they are happy operating it. But is
this really long enough for people to properly test that it works to deliver consistent
profits, bearing in mind that Gill Fielding says that she herself had "some
months" which delivered a 30% profit, and on three other occasions she
- Finally, I would like to ask the involvement of Gill Fielding in promoting
Andy Shaw's Passive Investments, since this has been bothering me for some time.
I looked at the Liquidator's Statement of Affairs, with its long list of creditors
totalling £8.6 million, most of which (nearly £8 million) was "Portfolio
agreement claims" i.e. the company's astonishing advance fee of £35,000
for six years' service in advance. What surprised me is that I couldn't find the
name of Gill Fielding on the list of creditors, because the Passive Investments
website said that Gill Fielding had become a client of theirs, and there was also
a statement from Gill Fielding on the website at www.certainshops.com that Gill
Fielding had bought one property through Passive and that she was "eagerly
awaiting property number two".
Obviously, it can't be the case that Gill Fielding was advising other people to
pay this advance fee when she herself had paid nothing because she received a
freebie. Please explain?
I have a residual worry that some people may have been encouraged to join Passive
Investments because Gill Fielding supported it, particularly bearing in mind that
she markets herself as a Chartered Account and as an investment guru and she says
that "my approach to investment has always been cautious", and
particularly bearing in mind that Passive seemed to me to be aimed at unsophisticated
Of course, it would not be "cautious" at all to fail to warn
people against paying an advance fee of £35,000 without a rock-solid guarantee
backed up either by insurance or a certified cash deposit. So, did Gill Fielding
Also, did Gill Fielding advise people to obtain their own independent valuation
to ensure that the properties proposed to them by Passive Investments were indeed
at discounted prices as they claimed?
I assume that Gill Fielding did carry out a basic analysis of the Passive Investment
scheme. However, it puzzles me that Gill Fielding evidently came to a very different
conclusion to my own, since in my review of it in September 2007 I rated it zero
out of ten, not only because of the astonishing six year advance fee, but also
because it was a very finely-balanced scheme which had no margin for error either
on the capital side or the income side so that if any of the variables did not
perform to order - as is likely in real life - the scheme wouldn't work. Can Gill
Fielding throw any light on her analysis of the Passive Investments scheme?
I'll determine the rating for this review of the Gill Fielding Financial Robot
when I have replies to these questions.
I faxed copies of these questions to both Gill Fielding and Peter Thomson.
The next day I received a phone call from Peter Thomson to say that he would be
replying in detail, on behalf of himself and also Gill Fielding, and that any
errors in the sales material would be corrected. He also said that he himself
has been achieving "good results" with the robot over the 7 months
he has been using it.
Meanwhile, at a series of seminars around the country in November and December
2010, Gill Fielding and Peter Thomson will explain the Gill Fielding Financial
Formula - Gill's "7-point action plan which gives you control of your
finances" and which includes a demonstration of the Fielding Financial
Robot - "the single most important wealth creation tool I've ever come
across ... this tool generates massive income ... and the great thing is - all
you do is copy what I am doing - how easy-peasy is that?".
I have now received the following reply from Peter Thomson:
We have now had the chance to look through your letter with regards to the Fielding
Financial Robot. A number of your points we had recognised ourselves and acted
upon before we received your letter other points are best explained by giving
you an overview of the Fielding Forex Robot.
The Fielding Financial Robot uses the Forex trading platform developed by World
Wide Wealth Services for its technically minded customer base. In conjunction
with WWS we have developed a user friendly customer interface with a serviced
help desk and a comprehensive training package of DVDs CDs user manuals
and live training events to service our less technicaly minded customer base.
In total the Fielding Financial Robot.
The training materials teach our customers the Risk/Reward strategies which Gill
has developed for the trading Robot. Depending on the Risk/Reward strategies the
customer wishes to use, they input a series of settings. The robot then automatically
trades using these settings. If the customer wishes to change their Risk/Reward
strategy for what ever reason they change the settings and the robot will then
trade automatically under these new parameters. Some customers never change the
settings and some customers like to test these settings for themselves.
There is no magic formula to Forex trading, what the FFR does is give individuals
a simple way to trade on the foreign exchange market and teaches them how to manage
their risk and reward ratios.
We have totally revamped our terms and conditions since you last looked at our
sales page and I hope it now addresses many of your issues. The other overall
point which we have also addressed is that we no longer show any projected figures
just historical figures.
Please do have a look at the website to see the changes we've made
Peter Thomson International plc
P O Box 4444 Royal Leamington Spa
Warwickshire United Kingdom CV32 6ZD
Tel: +44 (0) 1926 339901 Fax: +44 (0) 1926 339139
Peter Thomson's reply and the re-vamped Gill Fielding Financial Robot sales
letter addresses some of the points raised in my questions, but not enough for
me to rate this offer higher than zero out of ten.
The fact remains that financial trading is high risk and Gill Fielding's sales
letter does not bring this point home because it talks repeatedly about making
money with the Gill Fielding Financial Robot. Neither does it bring home the point
about needing to have a bank of at least £10,000 which you are prepared
to lose, and only putting 2% to 3% of this bank on each trade. Indeed, the sales
letter says that you can "invest ... as little as £1,000".
That is fatuous, because you'd only be putting £20 or £30 on each
trade, and you'd have no hope of making a profit.
The Gill Fielding Financial Robot sales letter also repeatedly talks about
"investing" whereas in fact it is not investing at all - it's
trading. I would have expected a chartered accountant to know the difference.
I regard the disclaimer at the foot of the Gill Fielding Financial Robot sales
letter - "Any form of trading has inherent risks" - as woefully
inadequate. I think it should say something like "Financial trading is high
risk and you should only trade with money that you are prepared to lose".
On the face of it, it sounds like a recipe for disaster for a novice trader
like Gill Fielding to be recommending to other novice traders the settings to
be used for a robot.
It appears, however, that people buying the Gill Fielding Financial Robot are
not told what to trade, so presumably they have to work it out for themselves,
because this is what the Terms and Conditions say (with my emphases):
11.2. The Programme is an educational product only and nothing contained
in the Programme constitutes financial advice in any way. Specifically, we
are not giving you investment advice or recommending that you invest in any particular
investments. Please also note that the examples used in the Programme
take no account of personal taxation charges. We do not warrant that the Programme
will be fit for your intended use and you should undertake your own evaluation
exercise before you choose to rely on the contents of the Programme.
(Note that you need to be quite eagle-eyed to spot the link to the Terms and
Conditions because it is in very small print on a black background below the white
background of the letter - I missed seeing it at first.)
The Terms and Conditions for the Gill Fielding Financial Robot still contain
an Entire Agreement clause. Perhaps this seeks to protect the company from any
purchaser complaining that they relied on assurances given by Gill Fielding and
Peter Thomson during the seminars. However, the verdict of Trading Standards is
that such terms are unfair to consumers, which would lead to their being legally
ineffective under the Unfair Terms in Consumer Contracts Regulations 1999.
Finally, we have the conundrum of why Gill Fielding is selling her Financial
Robot at all. "Passive income" appears to be her mantra. Under
the heading So why is PASSIVE INCOME so important? she tells
"Thats what the Fielding Financial Robot is all about.
It gives me:
What I consider to be The ultimate way to create my own passive income
stream. It is working away whether i am awake, asleep, picking up the kids,
spending time with friends and doing the things I love to do."
Gill Fielding seems to have forgotten about the time she has to spend giving
both sales seminars and live training seminars, updates, email customer support
and newsletters with her "current thoughts and ideas on the state of the
If Gill Fielding is really so keen on passive income, I can't understand why
she isn't simply keeping her system with the robot to herself to make a fortune
from trading with a steadily increasing bank.
My evaluation exercise results in a rating of zero out of ten.
Although there is a 30-day money back guarantee with the Gill Fielding Financial
Robot offer, which is an advantage, I don't think that's long enough for purchasers
to get to grips with the system and give it a proper testing. Normally, with a
financial trading system, you'd want to see at least six months of the blow-by-blow
results, and that's not been offered here.
BOW Notice: A critical review which raises hard-hitting questions means that
in our opinion the business model or the investment model has flaws and/or we
have found inadequate evidence to back up claims about earnings, sales, profits
etc. It doesn't mean this evidence does not exist and it doesn't mean that the
promoters are unprofessional or dishonest. Questions arising are normally contained
within the body of the review, and readers who are interested should contact the
company with these questions and/or questions of their own.
Have you tried this opportunity?
Or would you like to comment on the opportunity or on our review, even if you
haven't tried it?
If so, please send
us an email. Your feedback will then be posted here anonymously unless
you tell us that you want your contact details included.
Feedback 28th November 2010 from Graham:
I bought the Gill Fielding Financial Robot on the link from Nightingale
Conant. I was very optimistic and fell for the Gill Fielding sell.
I would like to make it clear having just read the review of the Gill Fielding
Financial Robot that as soon as the robot is downloaded onto your computer you
have to pay £197 plus VAT, which is about £ 231.
This is non refundable even if you don't use it. I myself didn't use it.
Once I had the facts of the course, which you can watch on DVD or listen
to on CD, I did the most basic arithmetic and realised that I would almost certainly
make a loss on the £1000 per month stake that I was prepared to start at.
Gill Fielding recommended setting the robot profit to 10% and said to expect
to lose money for 3 out of 12 months' trading. She recommended setting this loss
on the robot controls to 50% of your monthly stake.
Taking this into account and brokers fees both in and out of the currency
trading and the forex brokers, not withstanding the £231 fee for leasing
the robot and the initial £997 fee for the course, I worked out I would
have lost about five hundred pounds in the first year alone ... and that was if
things went well.
The Midas Robot from World Wide Wealth Services costs half
what is being charged for it here and offers a 30 day money back guarantee. So
the story of Gill Fielding commisioning this robot especially for her seems somewhat
It seemed to me that the maths didn't add up to a profit for
any one other than Gill Fielding and partners, so I asked for a refund.