In our rapidly changing world, new technologies and evolving regulations can make managing finances daunting, especially for international employees, business owners, and expats. Staying informed and making the right financial decisions can feel overwhelming. This is where an Independent Financial Adviser (IFA) can be invaluable.
The Value of an IFA
Many of us neglect to dedicate time and effort to managing our personal and family finances effectively. This can lead to lost opportunities, unnecessary fees, and investing in plans that may not suit our current circumstances, especially when living abroad.
We often have pensions, insurance policies, and investments from previous jobs in different countries. Typically, leaving these financial products unmanaged can result in poor outcomes, particularly with insurance coverage when relocating internationally.
As the financial landscape evolves, new investment opportunities arise. Without the guidance of an IFA, it is easy to miss these opportunities or fail to optimize existing investments, potentially affecting their performance.
How an IFA Can Help
At Astra Worldwide, our clients typically pay between 0.25% and 1% per annum based on the value of their investments and the complexity of their situation. Research indicates that a well-qualified IFA can add 2% to 3% per annum in value. This added value comes from improved investment returns, greater consistency, tax advantages, and fee savings through asset consolidation.
Moreover, an IFA can assist with crucial financial planning aspects such as:
- Preparing Wills
- Insurance and mortgages
- Property investments
- Banking solutions
- Retirement planning
- Saving for school fees, house deposits, or weddings
Reducing Stress and Enhancing Financial Stability
Engaging an IFA not only saves money but also reduces stress. Financial issues are a leading cause of marital and partnership breakdowns. Involving an IFA in your financial planning can significantly reduce family tensions and unnecessary stress.
Invest in Your Future with Astra Worldwide
Astra Worldwide has IFAs operating globally. Visit our website to learn more about our advisers and choose the one best suited to guide you on your financial journey. Invest in your future today by scheduling an appointment with one of our experienced advisers.
