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Joined: 01 Mar 2003
Posts: 4
Location: AlloExpat.com
Home Country: NULL
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 Posted: Wed Aug 16, 2006 2:59 am Post subject: Financial Advisors services, Offshore
Fund - Know More |
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Financial Advisors services, Offshore Fund - Know
More
Dear members & guests
Due to the continuous marketing
approach of our expatriate community by multiple financial planners services company, Allo' Expat
has decided to provided you with some usefull imformation on the Expat Offshore Banking issue. Hope
you'll invest wisely..... in the future
Financial
Advisors - who are they?
Q1 - How do I
get the best offshore financial advice?
The best offshore financial advice is
probably given by Independent Financial Advisors. Independent financial advisors (or IFA's, as
they are sometimes called) advise their clients on savings, investments and pensions. They may also
provide Savings Plans for offshore investing to their clients.
When counselling a client,
the best offshore financial advisors should complete the following steps:
* Step 1 -
collect detailed information about a client's financial circumstances and requirements ? be they
for retirement planning, retirement income, expat investment, or another purpose.
* Step
2 - check all the offshore tax havens for the best offshore plans.
* Step 3 - provide
impartial advice as to which plan(s) best meet their client's needs (in the form of a written
report).
* Step 4 - arrange for a client to buy the chosen offshore plan(s) on the best
terms available.
You may want to complete your own research to ensure you know the right
questions to ask your advisor.
When all these stages are completed, you can be confident you
have received the best offshore financial advice.
Q2 - What is a Certified
Financial Advisor?
Financial advisors may need a license to practice, issued
by the Financial Services Regulator in their Country. Only these advisors may be called 'Certified
Financial Advisors'.
It may be a condition that prospective certified financial advisors
show their Regulator that they are:
* competent to advise
* impartial in
their advice
* independent of Providers
* covered by professional indemnity
insurance.
So it is important to check that your financial advisor is listed under:
* Certified Financial Advisors, licensed to advise in the Country where you live and
*
Independent Financial Advisors - advising on a wide range of offshore plans from a full list of
providers.
Now you should feel confident you are receiving the best offshore financial
advice.
Q3 - How are offshore financial advisors
paid?
Independent financial advisors (IFA's) earn their living from
commissions they receive from plan providers. This is their income for the offshore financial
advice they give.
The commission that advisors (IFAs) receive from offshore financial advice
cases may range from hundreds to thousands of dollars.
Good offshore financial advisors
should not be influenced by the amount of commission they receive.
Some clients prefer to
pay fees to their financial advisors for advice to ensure impartiality. When this occurs offshore
financial advisors refund commission received from a plan provider either in cash or as an
increased allocation of contributions invested.
Q4 -How do I find a list of
Independent Financial Advisors (IFAs)?
Search the web! Try searching using
the search words independent financial advisors or certified financial advisors PLUS the name of
the Country in which you live.
Personal recommendations are always helpful - ask your
friends if they would recommend their offshore financial advisors. Always check that a recommended
advisor is both certified and independent.
Offshore
Investing - What do that mean
Q1 - What
is Offshore Investing or Offshore Investment?
When we talk about Offshore
investing plan opportunities it is like the savings plans available in many countries, except these
plans:
* Are registered in tax havens and are regulated by their Financial Services
Authorities.
* Can be used for investing by non-residents of the tax havens.
* Are sometimes more tax efficient than or have other advantages over domestic savings
plans.
Q2 - Why would expatriates choose offshore
investing?
Expatriate investment in the savings plans catalogued here and
offering offshore investing opprotunities might be appropriate when:
* No local or Home
Country tax free regular savings plans are available.
* No local or Home Country tax
free lump sum investment plans are available.
* An expatriate is planning to retire to a
third country.
If you fit any of these categories of expatriates you should investigate the
offshore plans researched by Offshore Boffin and consult your Financial
Advisor.
Q3 - Are there other people who might benefit from Offshore
Invesment?
Yes. People who are not living abroad might find offshore
investment attractive in the following circumstances:
* They have more cash available
for savings than can be invested tax free in their resident countries' investment plans (perhaps
because the amount they can invest each year is capped).
* They may live in countries
which do not have domestic tax free savings plans.
* They live in countries which are
not suitable long-term investment environments for political or economic reasons.
* They
wish to limit the effects of inheritance tac on their estates.
Q4 - Is
there safe offshore investing?
The answer is that All investors should
remember that the value of ALL their investments can go down as well as up!
Safe offshore
investing is more likely by choosing plans:
* From politically stable tax havens - the
quality of tax havens varies.
* From well-regulated tax havens - the tax havens whose
savings plans are catalogued here all regulate their financial services companies to avoid
'fly-by-night' companies.
* From reputable investment management and life assurance
companies - whilst past performance is not always a guide to the future, the companies whose
savings plans are listed here are all well-known names.
* Investing in 'mutual' or
'collective' funds. these funds are based on a simple idea. If a large number of investors pool
their savings in - for example - an equity fund, the larger fund can be invested in shares in many
companies, spreading each individual's risk.
For expat
investment - and others - to be successful the best offshore investment opportunities must be
found. For that you'll need a good Financial Advisors. |
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