Existing clients can use these links to log in to the Infinity dashboard. Not a client? Why not get in touch to find out about our services.
EXPATS can find it particularly difficult to find a financial adviser that they are happy with, as the quality of advisers – offshore especially – can vary significantly.
The importance of having an adviser you are comfortable with and you feel you can trust cannot be underestimated. When it comes to money, you are divulging information that in some cases you would not even tell your husband or wife. If you are going to be given the correct advice on your financial affairs, you will need to tell your adviser everything, so you have to be sure you are speaking to the right person.
In many cases, people choose their financial adviser based on personal recommendation – it may be that you have a friend or colleague who has used an adviser they find to be particularly competent, and you have a sense of comfort in knowing that someone else has been to the adviser and had a good experience.
However, it is important to remember that just because someone works well for your colleague or friend, they may not be your cup of tea. Each of us is so individual, that what one person likes in someone else, may be a reason for a third person to detest them. So you need to be making your own checks and choices, even if an adviser comes highly recommended.
Now, you may be thinking about what you need to ask your adviser to find out if they are the one for you. Good question, and it can depend on what you need from the advice you are looking for. For example, you may want someone who is specifically qualified to deal with pension planning or managing investment portfolios – it could be that your adviser is great at one but less so at the other, and he or she recommends another person within their company. You should not necessarily be put off by this.
When you are in front of your adviser, you need to ask some basic questions:
How long have they been advising?
What qualifications do they have?
Do they have specialist knowledge in the region you live in?
How much will the advice cost you?
As you discuss things, more questions will undoubtedly come to mind, but inevitably you will simply have a ‘gut feeling’ about someone. If you have a good rapport and you feel like the adviser is listening to you, then that is a great start to building an ongoing relationship.
At the end of the day, you need to be sure you are comfortable telling your adviser everything about your finances. There is a huge amount of trust needed here, so be sure you are dealing with someone you are happy to share your innermost thoughts with. If not, you are unlikely to be able to realise your financial dreams as effectively.