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Financial advisors for expats living in Bali, Indonesia – What are the best options?

Financial advisors for expats living in Bali, Indonesia – What are the best options?

I will compare some of the options available locally, alongside more portable, online, and international options like what we offer.

It makes sense to have a portable option as an expat, as opposed to a localized one, and that is something we specialize in.

If you want to invest as an expat or high-net-worth individual, which is what I specialize in, you can email me (advice@adamfayed.com) or use WhatsApp (+44-7393-450-837).


As one of the most famous places in Indonesia, Bali is a beautiful island with great weather and amazing beaches. It’s also known for its many different cultures, which makes it an interesting and attractive place to live in or retire to.

But there are some aspects of living in Bali that can be difficult for expats – especially when it comes to finances. Financial advisors for expats in Bali could be difficult. If you’re an expat living in Bali, we have some advice that may help.

As an expat, why should you choose Bali?

Bali is a great place to live, with a relaxed atmosphere and friendly people. It’s not just a popular tourist destination but a haven for many expats who have made the island their home. Recent estimates say that there are around 100,000 foreigners from all over the world living in Bali, whether holding permanent residency (KITAP), temporary residence (KITAS), and visitor visas for Indonesia.

Many of these originate from Russia, the USA, Australia, UK, Germany, Japan, France, Italy, and the Netherlands.

This number of expats also holds an ever-growing number of retirees who are looking for a place where they can enjoy life in Bali, cut off from the rest of the world in a getaway that allows them to forget about keeping up with the latest trends or having access to all sorts of modern conveniences.

Why do you need financial advice living in Bali?

If you’re a retiree, or have high net worth, you may want to consider financial advice if you want to stay in Bali. If you’re planning to move to Indonesia and need help with your estate planning, this is also an area where financial advice can come in handy.

If you’re looking for a second home in Bali or Jakarta, then it’s worth thinking about what kind of taxes and fees might apply there.

If you’re planning to move to Indonesia, there are also a number of things you should consider. The country has seen a lot of change over the last few years as it progresses further into becoming a developed economy, and it’s still a good idea to get advice from an expert who knows what’s going on.

Financial advisors are financial experts who can help you plan for all of these needs. Whether it’s for retirement, how to purchase for a house or property, or simply how to manage your money, financial advisors can guide you to your goals.

Financial advisors can also help you find the right products that work for your situation and budgeting skills that you may need living in Bali.

Investment managers, financial advisers, and financial planners are just a few of the many individuals and businesses that fall under the umbrella term “financial advisor.” A robo-advisor is a type of online investment management program that can also serve as a financial advisor.

There are many different types of financial advisors in Indonesia—some specialize in providing advice on investments, others offer banking services like loans and mortgages. There’s no one-size-fits-all approach when it comes to choosing a financial advisor; it’s best to speak with several before making any decisions about where to go from here.

For instance, you may want financial help in finding a suitable investment plan or mortgage for living in Bali. Not every financial advisor you talk to will give you the same advice, and  not all of them are always right.

If your advisor tells you to invest in something that isn’t right for you, walk away. If an advisor recommends a product that’s too expensive or offers higher returns than what competitors are offering, it could be because of the commissions they receive from those products. If there are hidden costs associated with an investment.

This is because when you work with a financial advisor, the company or bank that hires them does not pay for their services. Nor do they get paid by the government or pension fund for helping you figure out how to invest your money. They are only paid by you—the person who hired them—and there is no fee-based structure involved in this transaction.

When it comes to expatriate life, finding a good advisor can be one of the most important decisions you can make.

A good financial advisor will help you set up a plan that is tailored to your needs. They will help you evaluate the risks associated with each investment option, and make sure that your portfolio is properly diversified so it does not fall apart if one sector of the market goes south.

A good financial advisor will also be able to tell you whether or not an investment opportunity makes sense for you, given your current situation and goals.

Banks offer a wide range of formal financial services in Bali
Banks offer a wide range of formal financial services in Bali. | Photo credit: Wikimedia Commons

Financial advisory services in Bali, Indonesia

If you’re looking to spend your expat days living in Bali, you would be remiss to not have a formal bank account with any of Indonesia’s leading financial institutions.

It always pays to have some amount of liquid assets, or resources you can pull from to make your stay more convenient and seamless. Especially for long-term stays, you might find it sometimes necessary to have easy access to your cash in a local bank and not in an international one.

Having an account with Indonesian banks also works great If you have any short-term plans. You may find it easier to purchase or invest in property, apply for personal or even business loans, as well as participate in the stock market.

In all these cases, the banks can provide you with reliable financial advisors who will help you to find the most profitable savings account or investment options that meet your needs.

Bank Rakyat Indonesia

Bank Rakyat Indonesia (BRI) is one of the largest state-owned banks in Indonesia, dating back over a hundred years when it was established by Raden Bei Aria Wirjaatmadja in December of 1895 in Purwokerto, Central Java.

BRI is a leader in microfinance in Indonesia and one of the biggest banks in Southeast Asia that specializes in Micro, Small and Medium Enterprises (MSME). BRI has continually generated a profit and distributed dividends to shareholders since its IPO in 2003. In September 2022, there were 14,018 ATMs, 7,917 CRMs, 206,528 EDC units, and 597,177 BRILink agents supporting BRI’s services.

Because of the bank’s size and reputation, BRI offers a whole gamut of financial services that you may need while living in Bali, from savings accounts, time deposits, consumer and commercial loans, e-banking, and investment services.

BRI’s basic Simpedes savings accounts are open to the general public and are available in KC/KCP/BRI Units/Cash Offices/Teras BRI. Deposits and withdrawals are not restricted in terms of frequency or amount as long as they adhere to the applicable regulations.

There are also their British (BritAma) savings product that provides a variety of conveniences in conducting banking transactions supported by e-banking facilities and a real time online system that will enable customers to transact anytime and anywhere.

BritAma accounts offer real time online transactions in more than 10,000 BRI Work Units and 23,000 BRI ATMS. These cards offer competitive savings interest rates and are supported by e-banking facilities such as mobile and internet banking, SMS notifications, etc.

Bank Mandiri

Another leading bank in Indonesia, particularly for expats living in Bali, Bank Mandiri was established in October 1998 as part of the bank restructuring program of the Government of Indonesia. From there, the bank went from strength to strength, implementing a transformation process that continues to this day.

Bank Mandiri saw positive performance in 2021 due to the initiatives to expedite and maximize the Company’s digital transition business. Bank Mandiri provided dependable online banking services in 2021 through initiatives like the Super App Livin’ by Mandiri and the Wholesale Digital Super Platform Kopra by Mandiri.

Expats living in Bali can expect reliable and convenient financial services, as well as a wide array of products that can suit their needs.

In addition to offering products like the Mandiri Savings account, expats looking to invest their money can avail of mutual funds offered by Bank Mandiri as a registered Mutual Fund Agent by the Financial Services Authority in Indonesia. There are also insurance services such as PT Mandiri AXA General Insurance, which offers asset protection from risks of loss from unforeseen events.

Bank Central Asia

One of the largest private banks in Indonesia, Bank Central Asia was established in 1955 and has since established connections with numerous industries in the country. While largely focused on corporate banking, it lately expanded into the consumer market.

As with the other banks, BCA tapped into benefits of digital technology and continues to invest in their electronic banking services.

Among the most interesting products offered by BCA is their BCA Prioritas, a prestigious package for its valuable clients. BCA Prioritas provides its both excellent banking and non-banking services like exclusive communications, airport lounge access across the country, and wealth management financial advisory services.

Local financial services firms

You also might want to check with your local community living in Bali for financial advisory services you need help. There are companies like Smart Advisory Solutions that offer leading professional advisory services near you.

Founded by five shareholders with extensive understanding of and responsibility for Bali and Indonesia, SAS gathered Bali’s top managers and external advisors from a variety of countries, including France, the United Kingdom, Australia, Hungary, Greece, and Italy.

Online financial advisors

With online financial advisors, you can receive financial counsel no matter where you are or what you are doing. You save time and receive valuable advice on financial matters at lesser costs.

You can find a wealth of financial advisory services on the internet, on every financial need you may find yourself saddled with living in Bali. Among these are:

  • Creating financial plans using templates fit according to your budget covering retirement planning, education funding, estate planning, insurance investments, and long-term investment management.
  • Provide internet financial planning tools to analyze your debt, help you understand debt management, and make repayment plans.
  • Safeguard your privacy by allowing you to reveal your private financial information at your discretion, unlike a traditional financial adviser that has access to your finances.
  • Quickly produce reports that are simple to interpret. There is no need to wait for quarterly reports or slow email replies. If you sign up for online financial planning support, you will be able to access data and analyze your personal capital with a click of your finger. Additionally, the monthly financial planner will enable you to read the data on your report in an intuitive, easy-to-read format, enabling you to manage your finances independently without the need for financial aid from a professional or math skills.

We offer financial advisory services for expats all around the world, including those living in Bali. By partnering with us, we can provide you with all this and more, saving you the trouble of finding an online financial advisor whom you can trust.

We can assist with portfolio and asset tracking, giving you relevant updates on your investments and total assets, as well as advice on your investment portfolio. You can follow your investments using a variety of free financial tools available on the internet, but our financial advisory services will give you a better understanding of market volatility and when to rebalance your portfolio.

We also offer expert risk analysis, allowing you to quickly assess the risk level of any proposed investment and get advice on risk management, giving you peace of mind with the management of your assets.

Our trustworthy experts will assist you in reaching your financial objectives, through comprehensive online financial planning tools that enables you to offers all the flexibility and reliability you need. We provide assistance in in creating a budget and managing your wealth, as well as expert advice on anything from investment accounts to college savings, credit card debt to retirement planning. You are in safe hands here and can undoubtedly accomplish any of your financial objectives in Bali.

If you are looking for financial advice in Bali, we can help. We have a team of experts who know the ins and outs of what it takes to manage your money well. We’re here to provide access to the right financial services at fair prices so you can get on with enjoying the best parts of living in Bali.

Pained by financial indecision? Want to invest with Adam?

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Adam is an internationally recognised author on financial matters, with over 760.2 million answer views on Quora.com, a widely sold book on Amazon, and a contributor on Forbes.

This website is not designed for American resident readers, or for people from any country where buying investments or distributing such information is illegal. This website is not a solicitation to invest, nor tax, legal, financial or investment advice. We only deal with investors who are expats or high-net-worth/self-certified  individuals, on a non-solicitation basis. Not for the retail market.



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