We have our own private financial hopes and goals. Everybody has our own financial troubles and concerns.
The most typical concerns for expats are having sufficient funds to provide the way of life they would like to have in retirement.
- Having sufficient finances to cover our children's education costs.
- Protecting the value of our capital against the consequences of inflation.
- Protecting their investment against investment losses like market dips.
One thing is sure and that is if you try to resolve these money issues alone without assistance from a qualified experienced finance adviser by your side you may almost surely be on a hiding to nothing.
Many of us are specialists in our field. If you put me in the kitchen of a busy trattoria, put a chefs hat on my head and declared "OK it's all yours, you are answerable for running this kitchen". I know without the slightest doubt the results would be terrible. Why? Because I'm really not a chef! It's not my special field. The same would apply if you dropped me in an operating theatre and shouted "OK today we are taking out the mans appendix", well do not expect a happy result here either.
So why do so many folks believe that they are they able to attain their exceedingly significant private fiscal goals by doing it themselves?
The point I am making here is not that folks don't realize that they need expert help in handling their finances.
The overwhelming majority of folks know that they need help, but all too often had an awful experience in the past and this is the reason why they back away from financial guidance.
Having worked as a financial advisor for 16 years, been the Director of Gerrards International and spent over 20 years in the financial services industry I have spent a load of time making an attempt to understand what people want when it comes down to planning their finances and investing their cash.
This might appear like an unusual statement to make and that it should be plain that as a professional financial adviser I should really know exactly what my clients desire, but incredibly so many suppliers of financial advice seem to fail to get the point.
They are...
Folk wish to know that their finance adviser will be around, not just today but also in the future too.
So many expats that I have met have begun to work with a financial adviser and after a few months find that advisor has moved on, and they have been forgotten. The regular continuing service has stopped, you are now not of interest or importance and you are back alone.
Clients just need to know that their financial consultant may continue to be there for them, send them regular e-mail updates and pick up the telephone pretty constantly and that they will continue to be doing this in in 5 years time and 10 years time.
It really is as simple as that, it's not rocket science.
So if you are thinking about working with a financial adviser ask him the following questions, how long have you been a financial adviser? How long a time have you been with the same company? How long a time have you lived here? Can I speak with some of your long-standing clients for references? Am I able to visit you at your office? What qualification do you have and are you able to prove this?
The good news is that you don't have to go it alone.
There are good financial advisers out there who will be with you for the long term.
Finding one doesn't have to be that tough you only need to know what questions to ask.
The most typical concerns for expats are having sufficient funds to provide the way of life they would like to have in retirement.
- Having sufficient finances to cover our children's education costs.
- Protecting the value of our capital against the consequences of inflation.
- Protecting their investment against investment losses like market dips.
One thing is sure and that is if you try to resolve these money issues alone without assistance from a qualified experienced finance adviser by your side you may almost surely be on a hiding to nothing.
Many of us are specialists in our field. If you put me in the kitchen of a busy trattoria, put a chefs hat on my head and declared "OK it's all yours, you are answerable for running this kitchen". I know without the slightest doubt the results would be terrible. Why? Because I'm really not a chef! It's not my special field. The same would apply if you dropped me in an operating theatre and shouted "OK today we are taking out the mans appendix", well do not expect a happy result here either.
So why do so many folks believe that they are they able to attain their exceedingly significant private fiscal goals by doing it themselves?
The point I am making here is not that folks don't realize that they need expert help in handling their finances.
The overwhelming majority of folks know that they need help, but all too often had an awful experience in the past and this is the reason why they back away from financial guidance.
Having worked as a financial advisor for 16 years, been the Director of Gerrards International and spent over 20 years in the financial services industry I have spent a load of time making an attempt to understand what people want when it comes down to planning their finances and investing their cash.
This might appear like an unusual statement to make and that it should be plain that as a professional financial adviser I should really know exactly what my clients desire, but incredibly so many suppliers of financial advice seem to fail to get the point.
They are...
Folk wish to know that their finance adviser will be around, not just today but also in the future too.
So many expats that I have met have begun to work with a financial adviser and after a few months find that advisor has moved on, and they have been forgotten. The regular continuing service has stopped, you are now not of interest or importance and you are back alone.
Clients just need to know that their financial consultant may continue to be there for them, send them regular e-mail updates and pick up the telephone pretty constantly and that they will continue to be doing this in in 5 years time and 10 years time.
It really is as simple as that, it's not rocket science.
So if you are thinking about working with a financial adviser ask him the following questions, how long have you been a financial adviser? How long a time have you been with the same company? How long a time have you lived here? Can I speak with some of your long-standing clients for references? Am I able to visit you at your office? What qualification do you have and are you able to prove this?
The good news is that you don't have to go it alone.
There are good financial advisers out there who will be with you for the long term.
Finding one doesn't have to be that tough you only need to know what questions to ask.
About the Author:
Perhapst you are a fund manager or simply interested in the finacial markets, J W Davis offers his opinion of the stock markets and economic news from a technical and fundamental position. Other posts that may be of interest - discussing pensions and investing can be found at Gerrards or here.
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