Investment Review
Webinar Recap
June 16, 2022

Has Your Advisor Gone Missing?

Brexit & legislation changes have left many international workers in the lurch with firms exiting the region or UK advisors no longer able to advise them.

The advent of Brexit has seen many changes to legislation affecting UK expats living on mainland Europe.

Prior to January 2021, advisors who were based in the UK were able to provide advice across Europe. However, permissions that once allowed UK based advisors to trip in and out of Europe have since been removed.

Changes by the Malta Financial Services Authority back in 2019 are still having an impact too with many financial services firms leaving the region meaning individuals have been left in the dark over the performance of their investments and whether they are still fit for purpose.

While this has rightly hit the headlines, the real story in Europe is one of clients being overcharged or under-serviced by their advisor for years.  

When did you last speak with your advisor?

Whilst your advisor should have contacted you to explain if you have been affected by any of the recent changes, often it’s the case that investors are left in the dark and to manage their portfolio on their own. Many international expats that we speak to are worried that their pension or savings solution is not living up to expectations. Many are unhappy with the products, service and high cost of their existing arrangements.

Second Opinion? Even if your advisor is still in the region, if any of the aforementioned points resonate with you it would be prudent to obtain a second opinion on your finances.

All companies charge fees however not all companies are transparent on what and why they are charging the fees. High commissions often erode the growth you’ve made on your investments and only benefit your financial advisor. Many companies often bundle their fees together and the names of these fees vary depending on what company you are dealing with, thus making it near impossible to compare what solution is best for you.

Skybound Wealth’s Ongoing Commitment To You.

As your partner on your journey, we promise to be with you every step of the way.

Regular meeting reviews to help assess your current circumstances and any recommendations that we might have.

  • Access to your personal financial planner and technical support within the team.
  • Access to international tax experts and qualified pension specialists.
  • Regular market updates.
  • Updates and information regarding your holdings.
  • Access to exclusive seminars and events.
  • Answers to any ad-hoc financial planning queries you may have.
  • Both research and analysis using comparator software of the whole market to ensure that the investment managers are producing consistent returns in line with your risk parameters.
  • Reviewing and rebalancing of your portfolio so that it is in line with the latest research from our internal investment committee.
Written By
Disclosure

Past performance is not a guide to future returns. Investment in securities involves the risk of loss and the advice herein cannot be construed as a guarantee that future performance will be reflective of past returns.

Share this article

Request A Call Back

To find out more about this topic and more, please fill in the form below to arrange a call back.

Access Full Recording

To access a full recording of the webinar, please fill in the form below. We'll email you a link to the video.

By completing this form, you are consenting to receive email or telephone communication from Skybound Wealth Management, in accordance with our Privacy Policy.
Skybound Wealth right arrow icon yellow
Thank you!
Your message has been received and we will arrange for a member of our team to contact you via email or phone to discuss your enquiry.
Oops! Something went wrong while submitting the form
Thank you! Enjoy the webinar.
The webinar recording is available to watch above and we will email you a link shortly, so you watch at your leisure.
Oops! Something went wrong while submitting the form

Related News & Insights

More News & Insights
No items found.

Talk To An Adviser

You can reach us directly by calling us between the hours of 8:30am and 5pm at each of our respective offices and we will immediately assist you.

Request A Call Back

By completing this form, you are consenting to receive telephone communication from Skybound Wealth Management, in accordance with our Privacy Policy.
Skybound Wealth phone icon yellow
Thank you!
Your call back request has been received and we will arrange for a member of our team to call you at your desired time.
Oops! Something went wrong while submitting the form