Financial Planning and Wealth Management for Expats by Gerrards International
Every one of us has our own private financial desires and goals. Everybody has our own financial troubles and concerns.
The commonest concerns for expats are having sufficient funds to provide the lifestyle they'd like to have in retirement.
- Having sufficient funds to cover our children's education costs.
- Safeguarding the value of our capital against the consequences of inflation.
- Shielding their investment against investment losses such as stock exchange dips.
One thing is sure and that is if you attempt to resolve these money issues alone without aid from a certified experienced finance adviser by your side you will almost certainly be on a hiding to nothing.
Many of us are specialists in our field. If you put me in the kitchen of a busy cafe, put a cooks hat on my head and said "OK it's all yours, you are answerable for running this kitchen". I know without the slightest doubt the results would be disastrous. Why? Because I'm really not a cook! It's not my special field. The same would apply if you dropped me in an operating theatre and said "OK today we are taking out the gentlemans appendix", well don't expect a very contented end result here either.
So why do so many folk believe that they are they able to achieve their exceedingly important private fiscal goals by doing it themselves?
The point I am making here isn't that folk don't realize that they want expert help in managing their finances.
The overwhelming majority of people know that they need help, but all too commonly have had an awful experience in the past and this is the reason why they back away from financial advice.
Having worked as a finance counsellor for 16 years, been the Managing Director of Gerrards International and spent over 20 years in the financial services industry I have spent a lot of time attempting to understand what folks need when it comes down to planning their finances and investing their money.
This might seem like a bizarre statement to make and that it should be plain that as a professional financial consultant I ought to know precisely what my clients need, but surprisingly so many providers of fiscal advice seem to not get the point.
They are...
Folk need to know that their finance expert will be around, not just today but also in the future as well.
So many expats that I have met have started to work with a financial adviser and after a number of months find that their contact has moved on, and that they have been forgotten. The regular continuing service has stopped, you are no longer of interest or importance and you are back alone.
Clients just want to know that their financial adviser may continue to be there for them, send them regular email updates and pick up the telephone frequently and that they will still be doing this in in 5 years time and 10 years time.
It really is as simple as that, it's not complicated.
So if you are thinking about working with an investment expert ask him these questions, how long have you been an investment adviser? How long have you been with the same company? How long have you lived here? Am I able to talk with some of your long standing clients for references? Am I able to visit you at your office? What qualification do you have and can you prove this?
The interesting news is that you do not have to go it alone.
There are good finance experts out there who will be with you for the long term.
Finding one does not need to be that difficult you only need to know what points to ask.
The commonest concerns for expats are having sufficient funds to provide the lifestyle they'd like to have in retirement.
- Having sufficient funds to cover our children's education costs.
- Safeguarding the value of our capital against the consequences of inflation.
- Shielding their investment against investment losses such as stock exchange dips.
One thing is sure and that is if you attempt to resolve these money issues alone without aid from a certified experienced finance adviser by your side you will almost certainly be on a hiding to nothing.
Many of us are specialists in our field. If you put me in the kitchen of a busy cafe, put a cooks hat on my head and said "OK it's all yours, you are answerable for running this kitchen". I know without the slightest doubt the results would be disastrous. Why? Because I'm really not a cook! It's not my special field. The same would apply if you dropped me in an operating theatre and said "OK today we are taking out the gentlemans appendix", well don't expect a very contented end result here either.
So why do so many folk believe that they are they able to achieve their exceedingly important private fiscal goals by doing it themselves?
The point I am making here isn't that folk don't realize that they want expert help in managing their finances.
The overwhelming majority of people know that they need help, but all too commonly have had an awful experience in the past and this is the reason why they back away from financial advice.
Having worked as a finance counsellor for 16 years, been the Managing Director of Gerrards International and spent over 20 years in the financial services industry I have spent a lot of time attempting to understand what folks need when it comes down to planning their finances and investing their money.
This might seem like a bizarre statement to make and that it should be plain that as a professional financial consultant I ought to know precisely what my clients need, but surprisingly so many providers of fiscal advice seem to not get the point.
They are...
Folk need to know that their finance expert will be around, not just today but also in the future as well.
So many expats that I have met have started to work with a financial adviser and after a number of months find that their contact has moved on, and that they have been forgotten. The regular continuing service has stopped, you are no longer of interest or importance and you are back alone.
Clients just want to know that their financial adviser may continue to be there for them, send them regular email updates and pick up the telephone frequently and that they will still be doing this in in 5 years time and 10 years time.
It really is as simple as that, it's not complicated.
So if you are thinking about working with an investment expert ask him these questions, how long have you been an investment adviser? How long have you been with the same company? How long have you lived here? Am I able to talk with some of your long standing clients for references? Am I able to visit you at your office? What qualification do you have and can you prove this?
The interesting news is that you do not have to go it alone.
There are good finance experts out there who will be with you for the long term.
Finding one does not need to be that difficult you only need to know what points to ask.
About the Author:
Maybet you are a fund manager or simply interested in the finacial markets, Joe W Davis offers his opinion of the broader markets and economic news from a technical and fundamental view. Other posts that may be of interest - discussing pensions and investing can be found at this website or here.
