Many are in it for the money, but of course, they are going say that they do it because they like helping people! How do you recover from a financial loss? There’s an old saying that we were born with two ears and one mouth for a reason and that reason is, so that we can listen twice as much as we speak. Whether or not you choose to trust them is mostly a judgment call on your part and this is where speaking with a number of existing clients can help. But seriously, if you can cover the first five of these, you’re golden. And there is a simple reason for this: they operate in mostly unregulated jurisdictions and/or they sell mostly commission-based financial … You’re there for advice to provide solutions to your financial needs, not his. Read this post to understand more about about how financial advisers get paid. Why the dead outperform the living in investing, ΟΔΗΓΟΣ ΒΗΜΑ ΠΡΟΣ ΒΗΜΑ ΓΙΑ ΤΟ ΠΩΣ ΝΑ ΑΓΟΡΑΣΕΤΕ ETFS ΤΩΝ ΗΠΑ ΑΠΟ ΤΗΝ ΕΥΡΩΠΗ. . How to invest in the S&P 500 from from outside America? However, if you live in France, Spain, Luxembourg or Belgium, did you know that you have access to secure, tax-efficient, locally authorised investment solutions backed by some of the UK’s largest and most well known financial institutions. If he doesn’t use one of the products he sells, you might want to ask why it’s good enough for you but not for him. Whatever the promised or agreed servicing level is, get something in writing from the outset. Having to hit targets causes conflicts of interest, which means that recommendations you receive will be influenced by whether or not the adviser can hit his numbers this month. Unfortunately, the biggest side of the trust equation falls on the one granting it. I personally have many clients that I have never even met in the flesh and we are located on separate continents. . And if you happen to meet one that provides burlesque dancing, let me know, as that’s some tweet-worthy stuff right there. They’re so tacky and almost always only in the interest of those using them! I am trusted by my clients, because they know that I have their interests at heart and I am not going to gamble with their money to make a quick buck for myself. It is important that you get along with your adviser, but, just because he’s a good bloke doesn’t mean he’s a good adviser. As part of an Award Winning (Financial Times New Breed Advisor Award, Virgin Fast Track, Money Marketing) Chartered global Financial Services company, we set the bar in the measurement of client satisfaction levels. Commentdocument.getElementById("comment").setAttribute( "id", "ac9e399ee9d8fbd4004f037ac3294ecc" );document.getElementById("dc3f7d7fd6").setAttribute( "id", "comment" ); Hello, Expat Friends! Related post: How Are Financial Advisers Paid? Trading arrangements and citizens’ rights agreements will be negotiated during this time. the theatre of financial advisers.). Both companies offer tax efficient solutions for Spanish residents. You may or may not get a sincere answer to this, but it will be up to you to judge. Expat savings plans and offshore bonds reviews: RL360, Quilter etc. This should be a given, but it’s not. If you want to trust someone else, then you are responsible for granting that trust. Your kids’ names, your interests, where you’re going on holiday – you could say it’s all irrelevant and incidental, but actually, taking an interest in you shows he cares about you not just as a client, but as a person. Commission-based advisers can’t really offer unbiased advice and there is a clear conflict of interest. “Investing in Your Tomorrow” Harrison Brook France is France's leading broker of expatriate financial services products and expat financial advice. In my opinion, the most important trait is honesty. (He says, optimistically – trying desperately to convince himself.).