Murray Priestley Lifestyle Trader - Lifestyle Asset Management

hzqt1k said:

Suggest you read this before casting too many assumptions.

Australian Securities and Investments Commission - 12-25AD ASIC suspends AFS licence of ‘Aussie Rob’s’ Lifestyle Investor Services

If you think that one incident or one person can bring any business down, then you are mis-guided.

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UizBSme Nahmorz said:

Agree, there is always more than one person at fault, however, if you spruik yourself as a 'business expert', publish a book to teach 'good business' and sell on stage as a 'business expert' and your CV promotes you as someone who, rebuilds and improves businesses............. then what Murray Priestley has led the Lifestyle Group of companies as their 'business expert' CEO - proves he is not able to put into practise what he tells everyone he can do.

When push comes to shove, the director is ALWAYS responsible to ensure the company is trading solvent. Aussie Rob Wilson was the director of these companies........... Murray Priestley is the CEO. Products were sold that were not tested - both these took clients money knowing full well the companies were about to fold.

The integrity of both is at such low levels............. all that can be done on these forums is to warn anyone who is considering any dealings with these people >> be ware and PLEASE protect your funds and check these people out. Only then can they be fully informed to make their investment decisions.

All the best to anyone who trusts these people >> many many have been burned. Do not add yourself to that list.

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rueletruth said:

Well I read a couple of threads on this site re Lifestyle Trader

http://www.trade2win.com/boards/general-trading-chat/43322-lifestyle-trader.html
http://www.trade2win.com/boards/first-steps/98544-aussie-rob-lifestyle-trader-big-trouble.html

and I have also read the profile on LinkedIn of the CEO Murray Priestley.

Murray Priestley - Australia | LinkedIn
Of course, as you would expect, the relevant bits are not available to the public but I have my sources... but it states..
Lifestyle Asset Management
March 2009 – November 2011 (2 years 9 months)

Diverse Financial Services company that included a commodities, forex and derivatives introducing brokerage and trading software. Two core divisions were sold in DEC 2011 & FEB 2012.

I cannot believe we are talking the same guy...

I mean he started with a well cashed up company in Lifestyle Trader in 2009.
In two and half years, he brought it to it’s knees
He started numerous other companies within the group of Lifestyle Asset Management, of which Lifestyle Trader became a subsidiary..
They all failed, yes you heard it right everyone failed....

He sold products to investors with guarantees which are now worthless, did these clients make money... well you guess right again – no they did not....

And so with him at the helm, Lifestyle Trader went down the tubes, yes you can blame Aussie Rob but he was away and had no day to day involvement.

So what happened as Lifestyle trader went down the tubes, well he hired more staff and did not curb the spending.... and the result, staff lost their jobs, clients and creditors are owed vast sums of money..

He was still selling in November at the 2011 Gold Coast Summit and some clients paid in advance for the 2012 Summit.. which he was aware of and knew full well this Summit was not going to happen.. Just ask him where have all the Summit videos have gone, I mean he was the face of the company but where is he now to answer to clients and creditors... I’ll get to this in a minute.

So what do I read on LinkedIn, 2 core divisions sold in Decemeber 2011 & February 2012.... Murray the company went to the dogs, you have a nerve to write this, so you create a great impression, you are a born idiot with lots of front...

And now we get to Murray Priestley - Business/Investing Thoughts & Ideas

In here he says he pulled the plug on Facebook because you wasted time there... Coincidentally this was when Deb Rein, a dedicated licensee that you put offside with Aussie Rob, fingered you on Facebook and did not want anything to do with you Aussie Rob, or Lifestyle Trader....

And so now, you are building Alpha Capital Management or Masterplus Captial Management or whatever other company you come up with... and it is a fund, so basically you are going to invest clients money to make them money... yeah right... to lose them money.

I mean if it is like any of your previous products that went out of the door, basically untested in terms of profitability... smacks of autotrading within Lifestyle Trader which had to be pulled because client were losing money, as it had not been tested.

Murray you need to take a good look at yourself.... you are all front with no substance, you cling on to this expert, that expert and you talk a good talk but you cannot walk the walk...

If you are reading this, feel free to do your own research on this guy but whatever you do get a second opinion from someone who knows and if you run across a company and this man has involvement my advice is one word.... RUN and if it has to do with investing your money, RUN FASTER!!!!!!

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asica komingtogetu said:

OH the book of Murray Priestley...I have one of them signed by him, who does he think he is....if anyone has read it you will see that it is ABSOLUTELY CRAP!

LUCKY I DIDNT PAY FOR IT!!!!!!

That must be why they gave them away at the Summit, as they could NOT sell this RUBBISH.

I will be using this book to light the celebration fire when Murray Priestley and Rob Wilson go to JAIL with not "a get out of jail card"

OMG, Gold Coast what is it here...all the crooks come to GC to rip off more people after they have ripped off their home states and probably their mothers.

Just look at the car Murray Priestley drives...its a bomb...where is all his wealth??? It is his wife...so he hides behind her...wonder if he will cry when he gets sent to jail!

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asica komingtogetu said:

Also YOU know what YOU did to Scott and so do I. Which I am sure the public would be very very interested in hearing

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exlifestylestaff said:

I know that the majority of clients, staff, coaches, investors and licensees know me very well and know that I am an honest and compassionate and well-respected person. I have always tried to do my very best each and every day for my clients and peers and always have a very good reason for everything I do.

I am writing this as I was sent the link last night.

I am not sure who the other people are on this forum but what you say is indeed correct. After reading these I have decided to come forward. I have nothing to hide and I have sat quietly enough for a very long time as I did not want to get involved but my heart and my conscious could not ignore it any longer as I am worried as to what has been happening to people or what may happen to any future investors.

If you are even thinking of speaking or doing business with any of these three, Murray Priestley, Michael Fullick (who are BEST friends) and that Aussie Rob or now called Rob Wilson, I urge you to obtain legal advise immediately and like someone said in this forum…RUN. If you don’t you will be here like us in 6 months time saying “I wish I listened” and writing new information about how they ripped you off and how much money you have lost. I will guarantee it.

I believe in freedom of speech, that is why our ANZAC’s fought for us. I believe in trying not to become a person of success but rather trying to become a person of value. I care and I always believe that you treat people the way that you would like to be treated.

Of course I am not allowed to reveal certain information but I would like to share with you what I can, as if this only helps one potential investor than it was worth for me to come forward.

In February 2010 I was told that certain staff were going to be dismissed, as the company was not doing very well. In late March early April of 2010 staff were dismissed and morale was low. Even to the point they dismissed a lady with cancer and then at the end of last year begged her to come back as they could not find staff, offering her so many promises, this lady was dismissed again when they got what they wanted and yet AGAIN she did not get paid her entitlements. They also dismissed another lady that only had a few weeks until her wedding…nice wedding present…just like xmas for so many staff. The staff that remained were told that there was nothing to worry about, that now the company will become profitable, not sure how when Aussie Rob was never at HO and Murray Priestley was still the CEO and would still run the companies. Murray backstabbed some key executives and blamed them as to why the company was in debt and Rob Wilson believed him. We were promised many things if we stayed and supported the company but these promises never eventuated.

I worked with Murray Priestley and the more time I spent with him the more I realized that Murray Priestley was not the person that I once thought he was. I always remember a very special person saying to me “You can easily judge the character of a person by how they treat those who can do nothing for them”. This is EXACTLY how Murray Priestley is. Murray Priestley believes and has said this many many times " If you associated with the poor than you will be poor, you need to only socialise with the RICH if you want to excel in this world". Clients and coaches have called him worrying about their refund/payments and he just says “Sorry I have nothing to do with Lifestyle Group (even though he is to blame for this mess), I am now running my own business Alpha Capital Management, you will have to call accounts”. Nice one Murray.

If Murray and Michael wanted staff to leave they would plot and scheme how to put pressure on the staff, to the extent they would ask if they liked their job and if they said no they would then say “Oh we don’t have anything else so you will have to leave” this way they didn’t have to pay redundancy or they just made it very difficult for some people so that they just left.

One several occasions both Murray Priestley and Michael Fullick wanted certain staff to quit (ones that would not be apart of their corruption), they told certain staff that they will be loading staff up with that much work as they could and to keep the pressure up with unrealistic deadlines, so the staff would buckle under the pressure and leave. Great CEO and COO heh?? Who wants to work with Murray Priestley

Clients would regularly ask why are so many staff were so young but it all made sense, they did not have to pay them much, they could make them work around the clock, get them to do their dirty work for them, as some of the staff were just too inexperienced in business and did not realise what Management were asking of them. The staff were very dedicated and the majority of them loved the clients and wanted to be apart of that so called “Lifestyle Family”.

I can honestly say hand on heart that Murray Priestley instructed me to carry out tasks that was just not in my nature and did not sit morally correct with my standard of professionalism. My number #1 golden rule is “Never let your sense of morals prevent you from doing what's right”.

I am glad in a way that Murray destroyed Lifestyle Trader and Lifestyle Asset Management and Lifestyle Investor Services as now the clients and staff cannot be ripped off any further. I feel for so many of the clients, staff, coaches and Licensees as many of them have lost so much money. Some of the clients were like a second mum or dad to some of the staff. Lifestyle always played their triumph card “ become apart of the Lifestyle FAMILY”. Everyone knew that the staff had NO life, they had them working very long hours and weekend work and they were on the lowest wages ever. Staff never were paid overtime but were ALWAYS promised other benefits, like “we will give you shares, we will trade $5,000 per staff member, we will give you a pay rise as soon as we make some money”, these promises never eventuated and they were never going to as Murray and Michael knew this. If only the public could really know what went on behind closed doors which I am sure is not that far away. I know that the public would be horrified that a CEO, COO and Directors of a company would act like this.

Some staff were the lucky ones that made the correct decisions to leave, they knew if they stayed it meant that they approved and supported Murray Priestley’s decisions and actions. Some resigned without even having another position to go to but working with Murray Priestley as the CEO and the Lifestyle Group was affecting what they always believed in - trust and integrity. Employees at Lifestyle gave so much up for Management to the extent that their wires, husbands, children, families, friends and health ALL suffered while working at the Lifestyle group of companies.

I am writing this, as I feel so very sad for what has happened to EVERYONE. I have lied awake at night thinking about IT and just cannot believe that people could do what they have done to staff and coaches that were so dedicated and the clients that believed in them so much and trusted them.

As you are aware I cannot say any more but I look forward to the day that all of this is out in the open, as I cannot wait to put my hand on the bible and tell the truth

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Deepdale said:

Well said. Somebody who speaks the truth!!. Lets make sure that when the Guru Priestley gets his neutral (loss making shonky) hedge fund off the ground, we alert ASIC in no uncertain way.

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Lyza said:

I agree with UBIS, these forums are about highlighting awareness to people and situations.
If you feel impending doom then best to let everybody know....

Just to give you the heads up here... staff at Lifestyle were fed a story for months... about how great things were going to be, how the deal was ALMOST there. How the deal would help us all financially, how the deal was ALMOST, ALMOST there. Then we were given yet another brief as to how the deal was ALMOST, ALMOST, ALMOST, there... you get the picture. And then as someone above said Murray’s Mate said how great it was that Murray was doing the deal for us all.... well you see from above it did not happen. And this was after suffering months and months of pure and utter brain-washing.

To add salt into the wounds, we were given a handshake and wished a very merry Christmas only, to find that 2 days later, that’s it, just TWO days later we were out the door.. just TWO weeks before Christmas. Nice one Guys.. Since then numerous staff have struggled with bills, mortgages... since entitlements were not paid and staff have spent 3 months chasing them. Yes Thanks Murray a very merry Christmas we all had. It did not affect you much though, since well before Lifestyle was breaking up on the rocks, you were creating another business to ensure your survival, so when LT went down will all hands, you were the Italian captain first off the ship and away.

Now this has had an impact on numerous people, right down to the cleaner, yes apparently the cleaner, even he is owed thousands and still has to pay his staff...

All I will say to you, if you are moving forward with these guys get something in writing, some results of what they offer. If you don’t get anything, that is a red light to me. Whatever you do, don’t believe words, these guys are salesmen through and through. They will say things like we don’t have that to hand, it is confidential... you know the routine.. This means the system is not ready but we will still release it and you the clients are the guinea pigs; believe me we have seen it all before at Lifestyle. You hear me , GET SOME PERFORMANCE STATS IN WRITING.

However, if you still feel the urge move forward with these guys take note of the following.

If and when the bus hits you, don’t pick yourself up off the sidewalk and say I did not see it coming.... You have had enough advanced warning not to be out in the street in the first place...

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shewolf said:

What was the deal with Scott Goold and what happened there?

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exlifestyletoo said:

Hi shewolf,

I saw this post and thought I would reply to your question.

The answer is What didn't they do to Scott Goold. Murray Priestley and Michael Fullick despised Scott and wanted to get rid of him for a very long time so they could have full control over the companies, but they knew it would be hard as Scott had the license. Don't forget Murray and Michael are best mates, so good friends they even live together at Royal Pines. Why do you think Murray Priestley made a man a COO when he has no qualifications except for he was in Real Estate (well doesn't that say it ALL)

They had to come up with a plan to convince Rob Wilson (Aussie Rob back then lol) to get Scott out. Also they were worried as they knew how the staff felt about Scott so they removed as many as they could and also like someone else stated they made it very difficult for certain staff, so they would then resign.

Rob Wilson's biggest mistake was to remove Scott and this is why LIS went under.

Scott Goold actually resigned due to all the lies and deceitful ways of the 3 men, Rob, Murray & Michael.

There is a lot more that Murray & Michael did to Scott and as soon as I have time I will update this post.

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exlifestyletoo said:

I have a lot that I will post here in the next few days about the three dodgy Amigoes

Rob Wilson, Murray Priestley and Michael Fullick.

Wait till I tell you about Michael Fullick.

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exlifestyletoo said:

There is a lot more that Murray & Michael did to Scott and as soon as I have time I will update this post.

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lianso1 said:

The whole Lifestyle Trader was based upon scamming clients into buying dud product. Now its rebranded as Investment Capital Systems. Good Luck.

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