2. Source: www.expatfocus.com
Honest expat financial adviser - exist!
“Many expats choose to move
abroad to earn more money and
save for an enjoyable
retirement; at some point they
will therefore need to speak with
an expat financial adviser.”
2
Imagesource:www.gravitasrecruitmentgroup.com
3. Source: www.expatfocus.com
Questions you must ask your expat financial adviser:
3
#1 Ask for their experience and
qualifications
This question does appear to be
really basic but many people do
not check qualifications and
instead rely on
recommendations or the fact
that their financial adviser
appears to be a nice person.
4. Source: www.expatfocus.com
Questions you must ask your expat financial adviser:
4
#2 Ask for references
Perhaps the most important
indicator for expats looking for
independent financial advice is
to ask the adviser for
references, for example from
three of their happy clients, and
then contact them to ask what
they think.
5. Source: www.expatfocus.com
Questions you must ask your expat financial adviser:
5
#3 Have you been FCA registered?
For those expats speaking with a
financial adviser who is claiming
that they have UK experience and
were registered, this can be easily
checked. This can be done by
contacting the Financial Conduct
Authority and checking their
register for the adviser’s details.
6. Source: www.expatfocus.com
Questions you must ask your expat financial adviser:
6
#4 Are you a member of a
professional body?
In many countries an
independent financial adviser
should be registered with a
professional body which means
they have to meet a minimum
entry qualification and then
abide by a code of conduct.
7. Source: www.expatfocus.com
Questions you must ask your expat financial adviser:
7
#5 Ask for their fees and contracts
It's essential that you
understands how much you will
be paying either for the advice
(which is the situation in the UK
now), or whether the adviser is
charging a percentage on the
amount to be invested.
8. Source: www.expatfocus.com
How to deal with a shark
“For expats living and working
overseas, the world of
investments and financial advice
can appear to be confusing but
there are some tell-tale signs
about whether they are dealing
with a professional or a shark.”
8
Imagesourceecho.md
9. Source: www.expatfocus.com
Nothing in life is free
“If the word ‘free’ is used, a klaxon
horn should be sounding because
nothing in life is free - as we all know.
Expats need to be aware of any
adviser talking about 'tax-free income'
and 'gross roll-up' particularly if they
claim that the investment will generate
5% or more per annum.”
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Imagesource:mom-101.com
