Looking for the best expat financial advice can be confusing sometimes. You may even have heard about people becoming victims of financial frauds and scams, and most of them are expats. But worry no more as there are still companies whom you can trust in handling your hard-earned money.
That being said, here are some of the best tips for you to avoid being duped by fake finance counsellors:
Ask for qualifications
The first, and major thing that you would need to ask about your prospect company is their qualifications. Have they met the requirements laid by the government to operate as a legitimate company? Are they licensed and regulated by the government? You can gauge their industry knowledge and information by asking them about their qualifications.
Client feedback is a very reliable source of information if you would want to know more how a company handles their previous clients. This will also give you an idea of how a company fares well in their industry. Satisfied clients give positive reviews and recommendations to high-quality and top-performing companies. The same applies to financial consultancy firms.
Consider professional experience
An expat financial advice given by professional with enough experience is a huge relief to expats who want their money to be properly managed and invested properly. Pyrmont Wealth Management is committed to giving professional consultations to their clients with confidence. As such, the company is one of the leading financial consultancy firms in the country. For more details, check out their website today.
Enquire of their independence
Their self-reliance and independence from any government agency that handles finance are the best one to hire. Not only that, but it will make managing your finances easier and more transparent, without the risk of getting excess fees.
Find out whether they are under litigation
The lawsuits a consultancy company faces about finance-related issues may likely get your money in a problematic position. Thus, asking your prospective finance consulting firm of possible scenarios of huge frauds and errors would give you an idea of how they can handle it in the future.