Many foreign professionals and international passport holders, both in China and around the world, require guidance and solutions to their individual financial issues, including banking, savings and investments. However, it is important to point out that Independent Financial Advisors (IFA) only provide advice, guidance, information and ongoing support tailored to their client’s needs, while also introducing banks, investment houses and insurance companies which would be considered suitable for their particular needs.
Remember; they are independent though and have no bias towards any financial institutions.
Time
The people I meet have busy schedules. They are generally super busy with their related career tasks, building the profit for their employers, travelling and often find little time to concentrate on their own financial needs. They need to make the most of the little time they have available, concentrate on important financial needs and make that time count. It is therefore important to identify needs, analyse resources, consider logistics and provide solutions in suitable ways.
Information
Information is all around us. It is available from media sources, the internet, professional publications and of course John down the Pub! With so much data available, it can sometimes be difficult to find sort the data, find the most relevant information and then choose which to act upon. The right, again independent, people, can discuss solutions and strategies to fit needs and present solutions in a ways that are easy to understand. They can provide information to suit anyone who values money, whether they are novices or experts. Yes, even experts! Surgeons can not perform their own operations and second opinions are very useful!
Alternative & Additional solutions
Most people do have local financial advice from their country of origin and from their banks, and that of an IFA does not affect those arrangements. In fact, alternative & additional solutions will usually exist to provide diversity and additional security; the IFA’s task is to identify and explain how these would be complimentary under different circumstances.
As an adviser who has been working in Shanghai and serving global customers for over 20 years, personalised advice is available in addition to what we can cover here and a free personal consultation can be provided to help you to understand more. Many of our clients have provided testimonials and are available on request if required.
Expertise
Everyone working Internationally wishes to make the most of their money. In the main, due to time factors, an amount of apathy can exist where no real action is taken by conscious design, and perhaps, only by default. In the vast majority of cases, indecision can have a negative impact.
Locals
Nationals of China who might require similar guidance as to that which is often offered by an IFA to foreign passport holders would likely be required to visit an office in a territory such as Hong Kong to fulfil local regulatory requirements.
The Next Steps
Any good financial professional shall be keen to assist in their clients’ prosperity growth. As we stare down the end of 2023, it makes sense to have in place a financial game plan which is either reviewed, rebuilt or refreshed. Again, a good IFA won’t charge a penny to simply be asked a few pointed questions.
