International And Independent Financial Advice

Keeping track of assets, taxation and investments whilst considering future financial requirements, obligations and commitments when living and working away from home can make the whole job of financial management for an expatriate seem like an insurmountable task.

There are a number of exceptional books, magazines, newspapers and websites all offering tips, tricks and general advice, but when it comes to getting a grip of your overall financial situation it may well be time to call in the professionals.

If you’re resident outside your country of domicile, you hold assets in various locations globally or you simply work abroad, chances are by engaging the services of someone with an international financial focus you will have found that missing money-management link! 

An independent internationally focused financial adviser could be the key to your overall future financial success.

Why do you need an ‘international’ adviser?

Having found an accountant to manage your complicated tax affairs back home, having found an investment specialist to keep you abreast of the latest opportunities in your new country of residence, having found an insurance broker to make sure you and your family are protected when you travel have you actually found the one person who can tie all aspects of your financial situation together and marry them up to make the very most of your unique situation?

Expatriates often find that they have almost inadvertently overwhelmed themselves with experts to assist them with each step of their financial affairs, but not one of these ‘experts’ has the complete or international overview and perspective necessary to ensure that all areas of the expatriate’s financial situation are optimised for global efficiency.

An international financial adviser who works specifically with expatriates will have an understanding of taxation law in the country of the expatriate’s residence, their country of domicile, and will also understand taxation law in jurisdictions globally because of their client base.  As a result they will be able to structure investments, accounts and assets to take maximum advantage of any taxation benefits available, to legitimately reduce over taxation burden and to structure an expatriates entire financial affairs for maximum tax efficiency today, tomorrow and for the benefit of the expatriates beneficiaries in the future.

Furthermore, such an adviser will have access to the entire global financial marketplace and will be able to pick and choose the best investments, insurances, accounts and opportunities for his expatriate client based on the best of the best internationally.

And last but not least a good international financial adviser will understand all things ‘offshore’ including when and how a particular expatriate client can benefit from the use of an offshore trust, company, bank account or particular jurisdiction.  Domestic or local financial advisers, accountants or brokers may lack the necessary international legal, financial and taxation knowledge required to establish an effective overall solution for the expatriate.  An international financial adviser on the other hand will be best placed to assist.

Why do you need an ‘independent’ adviser?

The basic difference between an independent adviser and a tied adviser is the range, depth and applicability of solutions available for their clients.  A tied adviser may have a complete range of financial products and solutions but they will all be underwritten or managed by one company.  Furthermore it may be necessary to engage the services of many tied advisers to get the best of the best from each company…the best life insurance policy may not be offered by the same provider as the best high interest offshore savings account…

An independent adviser literally has complete independence from any product provider so instead of shoehorning you to fit the products he is selling he finds the best products to fit you from the entire international range.

If you are an expatriate looking for international independent financial advice and would like to speak to an adviser at your convenience please use our offshore advice form to get in touch with an adviser today.