five questions you must ask your financial adviser

10
Five Questions You Must Ask Your Expat Financial Adviser

Upload: louise-bailey

Post on 15-Apr-2017

32 views

Category:

Economy & Finance


1 download

TRANSCRIPT

Page 1: Five Questions You Must Ask Your Financial Adviser

Five Questions You Must Ask Your Expat Financial Adviser

Page 2: Five Questions You Must Ask Your Financial Adviser

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

Image

source: www.gravitasrecruitmentgroup.com

Page 3: Five Questions You Must Ask Your Financial Adviser

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.

Page 4: Five Questions You Must Ask Your Financial Adviser

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.

Page 5: Five Questions You Must Ask Your Financial Adviser

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.

Page 6: Five Questions You Must Ask Your Financial Adviser

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.

Page 7: Five Questions You Must Ask Your Financial Adviser

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.

Page 8: Five Questions You Must Ask Your Financial Adviser

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

Imag

e so

urce

ech

o.m

d

Page 9: Five Questions You Must Ask Your Financial Adviser

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.”9

Image

source: mom-101.com

Page 10: Five Questions You Must Ask Your Financial Adviser

ThankYou