Reliable Expat Financial Adviser – How much advice do you need?
According to recent industry surveys, as much as 68% of expats do not have a reliable expat financial adviser. It’s probably not a coincidence, then, that the same surveys find that two-thirds of expats worry that they will not have enough money to retire.
Why do you need a financial advisor?
It’s often hard to explain to people who aren’t used to having a professional and reliable expat financial adviser, why it’s particularly important to get good, regulated advice as an expatriate. A lot of savers worry that financial advice will be unreasonably expensive. As well as there will continue to be an ongoing cost, reducing the returns on their savings. This doesn’t necessarily have to be true. Getting a financial adviser doesn’t mean that you give up all control over your savings and expat pension choices; you can still manage your finances yourself, making choices in a SIPP and on an execution-only basis. It is actually easy to save money on execution and administration if you choose the right adviser.
At Harrison Brook, we always make sure to get the best fees and prices for our clients. Because of our international status, we can offer you almost every solution available on the market and we have worked very hard to form strong partnerships with market brand leaders to offer you the best deals with the best companies. Take the first step today with Harrison Brook. What a reliable expat financial adviser can help you with, however, is maximizing the opportunities available to save tax and handling your investments efficiently. An execution-only broker won’t help you choose between a SIPP and a QROPS. They can’t help you with pension transfers. Moreover, they won’t be set up to deal with the particular complexities of an expat’s situation.
Take care of your finances wisely
As an expat, you are likely to have taken professional advice on contracts, housing, medical matters and even education. Expat Financial advice is just another area where it makes sense to pay a small fee and sit down with someone experienced, just in order to be sure that you’re making the right choices. Sometimes doing things for yourself is a sensible way to save money. Sometimes it’s a real false economy that can leave you at a disadvantage in the long term. It’s not easy to see which category something falls into. Added to that, the rules can change from year to year. So a decision which seemed right when you made it can end up having no real value.
Make a good choice and sit down with one of our advisers at Harrison Brook, we will help review your finances and will give you the best advice adapted to your situation. So, even for expat workers with considerable experience in managing their own investments, Harrison Brook recommend a periodic consultation with one of our advisers. If nothing else, you often need the advice to be certain whether or not you actually need advice.
Take the First Step – Get Advice Today from Harrison Brook.
The information contained herein is for informational purposes only which is subject to change and should not be relied upon. You should seek advice from a professional adviser before embarking on any financial planning activity.
