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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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