How We Can Help
Sound financial planning cannot be achieved on good advice alone.
To achieve your goals we believe that ongoing, specific advice is paramount to keeping your financial affairs in order.
Why use a wealth manager?It is probable that you have asked yourself the same question, what does a wealth manager do differently to say a bank manager or onshore advisor?
Firstly a wealth manager can arrange all the products and services that an onshore advisor does, but for modern expats and their nomadic nature that doesn't quite go far enough. When a financial advisor works in the offshore market their knowledge and skill set is ever changing to meet the needs of the many nationalities he comes across and the jurisdictions that affect them. As expatriates themselves, wealth managers understand the frustrations and tribulations of the offshore lifestyle and have an understanding of many situations and scenarios that would usually be missed by an onshore advisor.
Upon leaving our country of origin many expatriates discover that the world works very differently from the one we left behind, from social etiquette to financial planning - the smallest of actions can have the biggest of consequences.
The most trivial of questions about living offshore can lead to a landslide of other scenarios to take into account. Consider tax planning for a start. Something as straightforward as finding out what and how you pay can lead to an endless stream of forms in a foreign language. Opening a bank account with the local bank you heard of could cost you more in the long run than taking the time to look around. On long term postings it is very common for expatriates to marry other nationalities, if this happened to you, would you know the financial implications abroad and back home? Expatriates can be asked to switch locations at the drop of a hat, if you were to move in the middle of the tax year how are you affected? Throw in the conundrums of state benefits back home, overseas properties and roaming life insurance and you will be left with quite the headache.
The world of offshore finance can seem complex and confusing to a number of expatriates, especially the many in high pressure roles where they simply cannot find the time to manage their own wealth. Although many are aware that their pension requires action or to save for their children's education, scores of expatriates simply cannot find the time to browse the thousands of products, plans and funds on the market.
Living and working abroad opens up all sorts of wonderful possibilities and experiences for one to take in, however it also brings its fair share of trials and tribulations which needs a steady hand to guide it.
With the wealth of experience built up over the years we have come across almost every complex scenario imaginable, and being expatriates ourselves we believe that we have all the experience to help you help yourself.