Expat Financial Advisors in Thailand – that will be the topic of today’s article.
Compararé algunas de las opciones disponibles a nivel local, junto con otras más portátiles, en línea e internacionales, como las que nosotros ofrecemos.
Tiene sentido tener una opción portátil como expatriado, frente a una localizada, y eso es algo en lo que nos especializamos.
Si desea invertir como expatriado o particular con un alto patrimonio neto, que es en lo que estoy especializado, puede enviarme un correo electrónico (advice@adamfayed.com) o utilizar WhatsApp (+44-7393-450-837).
INTRODUCCIÓN
Sunny Tailandia is visited by many tourists, and some even move there permanently. What contributes to this – a good climate, cheap prices or a special atmosphere? All this can be found below.
Today, many come to tropical Thailand – live and work there. This is due to the fact that this country is hot all year round, even during the rainy seasons, and enjoys a good climate. In addition, in Thailand you can find relatively inexpensive housing, which allows you to live there on a permanent basis.
Many visitors live in Thailand on the money from renting their own housing in their homeland or work remotely. But the Internet in the country is rather weak, which should be taken into account.
Pros of living in Thailand
Why do many people leave to live in Thailand permanently? The thing is that living in this country has its advantages:
• Favorable climate and permanent access to the sea. Those who do not like cold and frost will like Thailand because it is constantly hot there and there is always the opportunity to swim in the sea (and if you live in a villa, then even in the pool). However, access to the sea depends on the area where you live, and the climate may not appeal to those who do not like constant heat.
• Low prices for products. You can buy ordinary Thai food here for inexpensive money. Now in tourist areas even shops with European products are opening, which are also sold at low prices and are more familiar. The cost of delicious tropical fruits and seafood is also low here – you can eat them all year round!
• Large selection of housing. Thailand has a huge variety of housing for both rent and purchase – apartments, apartments, houses, villas, etc. Prices depend on the region of residence and distance from tourist areas.
• Friendly atmosphere. Thais are very friendly and kind to each other, as well as to tourists and visitors. Here you almost never see a gloomy and angry person – there are always friendly smiles on their faces. In addition, Thais are very open and sincere.
• Discipline. The people of Thailand are very disciplined people. They have organized queues everywhere: in stores, at the post office, to the toilet, etc. Even in a subway car or a bus, they do not enter the crowd, but strictly in a chain. And when they need to call a taxi, they also take turns, one after another, to catch a car.
• There are no problems with transport. In Thailand, you can rent a car or a bike and move around the city that way. If you don’t want to rent it, you can easily take the bus. The islands can be reached by ferries or boats.
• Better quality of life and overall simplicity. In Thailand, you can live much better than at home, spending the same amount of money. As already mentioned, housing and food will be inexpensive, clothes can also be bought at low prices (especially considering that living in this country, there is no need for winter clothes).
Cons of living in Thailand
Like any country, Thailand also has its negative sides:
• Dirt and smells. These qualities accompany almost all regions of the state – this is especially felt on the outskirts of cities. Sometimes the smell of sewage in the area is so strong that it is impossible to be there.
• Insects and tropical diseases. Thailand has a very diverse wildlife – various ants, cockroaches, geckos, spiders, etc. Some representatives of the local fauna are carriers of dangerous diseases: malaria, dengue fever, schistosomiasis, etc. Also in Thailand, there is a rather high risk of contracting parasitic diseases or getting severe Quincke’s edema after an insect bite.
• Obtaining citizenship. It is not easy for a foreigner to obtain a Thai visa, and citizenship is almost impossible. Even having a Thai wife and joint children does not solve the problem. To become a citizen of Thailand, you need to stay in the country without a break for several years, have a solid account in a local bank and be fluent in Thai. The conditions are difficult – so few decide to obtain Thai citizenship. And if you live there on a visa, then it needs to be periodically extended, and it is not a fact that it will be extended in subsequent times.
• Problems with employment. It is quite difficult for a foreigner to get a good job in Thailand. Of course, you can go to the cleaners, waiters, sellers – but you won’t earn much at such a job, and employment will most likely be informal.
• Non-acceptance of the body of Thai cuisine. All oriental cuisine is very spicy, and because of this, digestive problems can occur. But there is a way out of this situation – not to eat in a cafe, but to cook on your own.
• Apartments without kitchens. In many apartments there is no room for a kitchen. There is a sink, a cupboard for dishes, household appliances – but no stove. Thais do not need it, as they either buy ready-made food or eat in cafes. Therefore, when choosing a rented apartment, you need to pay attention to the presence of a stove if you plan to cook. Washing machines are also very often absent in the apartment, which for many is a minus when choosing housing. But in Thailand, laundries are very common, where you can wash things cheaply and even iron them.
Thailand is definitely suitable for those who want to live inexpensively in a tropical country, if you do not take into account the listed disadvantages. And if you look objectively, it’s hard to find a job there (if you only work remotely), there is dirt and insects everywhere, as well as diseases. Therefore, many, having lived in the country, leave from there. And if you still decide to move to Thailand, then before that you must definitely take out insurance – in case of any disease, it will save a substantial amount.
As Thailand is a hot spot for many expats, and wealthy expats, they may definitely need a help of a professional, who can help with managing their wealth and other free funds. This is why in this article we will talk about those professionals – financial advisors, who will definitely give you valuable advices and help you reach your goals in any country on this planet.
¿Qué hace un asesor financiero?
Un asesor financiero ayuda al cliente a planificar objetivos financieros a corto y largo plazo. Estos objetivos pueden incluir el ahorro para la jubilación, la educación universitaria y asegurarse de que el cliente tiene un plan de seguros adecuado para garantizar un futuro financiero estable. Su principal objetivo es asesorar en cuestiones de seguridad financiera.
Para ser asesor financiero certificado se requiere una licenciatura en finanzas, economía, contabilidad, matemáticas empresariales o derecho. El Máster en Administración de Empresas mejorará sin duda tus oportunidades profesionales. Es muy recomendable seguir cursos de gestión de inversiones y riesgos, así como cursos de planificación fiscal y patrimonial.
Financial advisors help clients with their financial planning. The client’s life can also suddenly change, so a financial adjustment will be required. For example, it could be a death in the family, a marriage or divorce, a chronic illness or disability, or a person may receive a large sum of money.
A financial advisor can help plan college preparation for yourself or your children. While most financial advisors work in offices, a quarter of them are self-employed. They may attend conferences and seminars to network and promote themselves to meet potential clients.
The heavy responsibility of investing in personal savings and helping them into retirement requires both financial knowledge and interpersonal skills. Personal financial advisors give advice on investments, property ownership, estate planning and more to help people manage their finances and plan for the future. Personal financial advisors begin their collaboration with the client by determining their financial needs and goals and, of course, the level of risk they are willing to take, and then help them set short and long term goals.
Financial advisors are experts in the benefits and limitations of various types of investments such as mutual funds, stocks and bonds, real estate, as well as related topics such as insurance and the tax implications of various investments. Marketing their services to potential clients is an ongoing part of the job. To expand their client base, personal financial advisers conduct seminars, participate in networking events, and seek referrals from existing clients. As a rule, advisors meet with clients annually to discuss their investment portfolio and make changes.
La mayoría de los asesores financieros personales trabajan en finanzas y seguros, mientras que muchos otros son autónomos. Suelen trabajar en oficinas a tiempo completo, y algunos pueden reunirse con clientes por las tardes y los fines de semana.
As a general rule, personal financial advisers must have a bachelor’s degree in finance, economics, accounting or law, all of the above are suitable. Finance is a highly regulated industry: certain licenses are required to sell various investment or insurance products.
Financial advisers cannot be universal. They receive various degrees and certificates. They come from different countries and offer a wide range of services. Because of this, they can do much more than the advisors you might encounter on your financial journey through Thailand:
• Managing funds
• Planificación inmobiliaria
• Inversiones
Managing funds
We all need someone in our corner to remind us of the big picture and encourage us as we work towards our goals. A financial advisor, especially a financial coach, can help you understand what steps you need to take to reach those long-term goals, whether you want to send your kids to college, buy a new home, or pay for an adoption.
But just having goals is not enough. To do this, you need to use a zero budget, which means that you give away every dollar for the task. By strategically pointing your money where to put it, you can start planning your budget to achieve those big goals and make your dreams come true.
Planificación inmobiliaria
Talking about end-of-life planning may seem frankly depressing, but it doesn’t have to be. Whether you bought your first home or have been running your own business for 30 years, you can choose what to do with the assets you’ve worked so hard on.
These things are too important to be put off until tomorrow! For most people, making a will and getting emergency life insurance is enough, and you can always adjust and adapt as your life circumstances change.
But if your situation is more complex, you just need to work with a financial advisor (especially an asset manager if you manage millions of dollars of real estate) or a lawyer with real estate planning experience. They can give you the guidance you need to put together a plan to make sure your wishes are met. You can’t appreciate the peace of mind that comes with this!
Inversiones
Some financial advisors are also investment professionals. They can help you determine which mutual funds are right for you and show you how to manage and get the most out of your investments. They can also help you understand the risks and what you need to do to reach your goals.
Cuando se trata de invertir, un profesional con experiencia puede ayudarle a mantenerse en la montaña rusa. Saben que es probable que los fondos de inversión que caen vuelvan a subir. Dado que pueden permanecer emocionalmente neutrales, pueden ser una voz de la razón que le recuerde que debe mirar sus activos fijos a través de una lente. Ofrecen un nivel de servicio que convierte su experiencia en parte integrante de cualquier plan de jubilación.
Para llevar a cabo todas estas tareas y alcanzar sus objetivos financieros, desde inversiones pequeñas a realmente grandes, como se ha mencionado anteriormente, trataremos de considerar dos tipos principales de asesores financieros.
Local financiero advisors
A local financial advisor can offer a professional service approach and a product-specific approach. Of course, rich local experience is an advantage.
Having a local financial advisor provides one key benefit. Choosing a local financial advisor allows you to meet with someone who can advise you on the rules for a particular location.
National firms cannot afford it. Even if you are comfortable doing business online, there will inevitably be times when you want to meet and have an honest conversation with the person who is giving you advice.
Otras empresas de consultoría financiera suelen distribuir su carga de trabajo entre distintos departamentos. Lo más probable es que su “asesor” sea un gestor de cuentas que actúa como intermediario entre usted y otras personas de la oficina que realmente hacen el trabajo.
Su “planificación” probablemente provenga del departamento de planificación; su análisis de inversiones muy probablemente provenga de un analista que está muy lejos de lo que realmente importa en su vida, y los que realmente aplican la estrategia suelen verle a usted sólo como un montón de “compras” y “ventas” que cada uno de ellos hace el día de la compra. Sencillamente, no podrá reunirse con un verdadero “asesor” porque estas responsabilidades están repartidas entre varias personas en distintas oficinas.
On the other hand, you should be able to meet with a consultant if you choose an independent service-oriented consulting firm. Again, hiring a local financial advisor is optional, but in most cases there are many benefits to having face-to-face meetings.
Most “consultants” at large financial companies such as banks receive some or all of their remuneration for selling you a product, be it stocks, bonds, mutual funds, insurance policies, or annuities.
Esto crea un inevitable conflicto de intereses. Las leyes de valores de este país reconocen este hecho y exigen a estos “asesores” un nivel inferior. Esto se denomina norma de “idoneidad”, lo que significa que sólo tienen que considerar si los productos que venden son adecuados para su perfil de inversión general.
The highest standard is the “fiduciary” standard. An independent consultant, online or local, who agrees to abide by this standard must by law always put your best interests first.
These consultants never sell products, charge commissions, or do anything else that could create a conflict of interest. They weigh all the factors in your situation before making any recommendations. Their advice is 100% objective. Whether you hire a local financial advisor or not, it’s really important that they be objective and put their clients first. Speaking of online financial advisors, let’s talk a little about them.
Online financial advisors
Online or virtual financial advisor is the new concept of this century. The online consultant helps clients choose investments and develop short-term and long-term financial planning strategies.
In this role, you don’t usually meet with your clients in person; you communicate with customers through phone calls, email, video conferencing and chats.
The job of a financial advisor involves assessing your clients’ current financial health by reviewing their assets, investments, and other financial decisions they make, such as pension plans and life insurance policies.
Once you have assessed their finances, you determine an investment and budget plan to achieve your client’s financial goals.
The plan might include making regular savings deposits to increase your emergency funds, opening college accounts for your kids, or investing in retirement plans. Below are some of the benefits you will get by working with an online financial advisor.
Ahorre tiempo y dinero
Nunca tendrás que interrumpir tu jornada ni conducir para acudir a una reunión. Todo está en línea, desde las reuniones semanales hasta la documentación. Por supuesto, todo será confidencial y seguro. Esto significa que no tienes que imprimir documentos ni escribir notas de reuniones.
It’s easier with an online financial advisor
En una oficina estirada, quizá dude en decirle a su planificador financiero que quiere ahorrar dinero en una fiesta de botox o en una implantación de pantorrillas. Es difícil superar la jerga cuando se mira un traje en una sala de conferencias.
Participar en una reunión virtual desde un lugar conocido le permite ser sincero sobre su situación, sus objetivos y las cosas que desconoce. Y para tener éxito con su plan financiero, debe ser sincero con su asesor financiero. Con nosotros, cada reunión de planificación financiera en línea está libre de juicios, y el asesoramiento sencillo es nuestro pan de cada día.
Online communication is always suitable
Tampoco hay que confundir un tablón virtual con un centro de llamadas de alto nivel o un centro de atención al cliente de bajo coste. No se trata de una edición digital. Se trata más bien de un modelo de asesoramiento financiero continuo que sustituye al asesor personal y ofrece una propuesta de valor diferente para un segmento específico de consumidores.
De hecho, la experiencia ideal es bastante sencilla: quieres sentirte como si estuvieras hablando con un buen amigo que sólo tiene talento para el dinero. No hace falta una gran sala de conferencias.
They are by your side, fun to talk to, and tell you everything you need to know in easy-to-understand language. Because if you’re really an expert, can’t you drop the jargon and just explain? We think so.
Tampoco hay que confundir un consejo virtual con un centro de llamadas de calidad o un centro de atención al cliente de escaso valor.
Should You Hire a Financial Advisor?
Yes, if you are not familiar with all financial products and services in Thailand or want to invest there. Typically, a financial advisor charges between 1% and 2% of the value of a portfolio.
Para los inversores que no entienden la gama de productos financieros y quieren invertir, la mejor opción es elegir un asesor financiero.
However, investors who are knowledgeable about the products and don’t have time to follow them regularly can also appoint a financial advisor. They will help you periodically monitor and revise your portfolio to keep up with changing market scenarios.
¿Le duele la indecisión financiera? ¿Quiere invertir con Adam?
Adam es un autor reconocido internacionalmente en temas financieros, con más de 830 millones de respuestas en Quora, un libro muy vendido en Amazon y colaborador de Forbes.
