{"id":47061,"date":"2022-08-09T06:54:47","date_gmt":"2022-08-09T06:54:47","guid":{"rendered":"https:\/\/adamfayed.com\/?p=47061"},"modified":"2025-11-20T06:20:09","modified_gmt":"2025-11-20T06:20:09","slug":"providence-life-orbit-portfolio-bond-review","status":"publish","type":"post","link":"https:\/\/adamfayed.com\/it\/review-articles\/providence-life-orbit-portfolio-bond-review\/","title":{"rendered":"Recensione del portafoglio obbligazionario Providence Life Orbit"},"content":{"rendered":"<p><a href=\"https:\/\/www.providence.life\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">Providence<\/a> is a relatively new life assurance firm, whose main clients are expats around the world. They are domiciled in Mauritius.<\/p>\n\n\n\n<p>They are used globally, but especially in Japan, Thailand and South East Asia and various countries in Africa.  <\/p>\n\n\n\n<p>If you already have this investment, or been proposed it, and are looking for better alternatives as an expat, you can contact me. My contact details are hello@adamfayed.com and WhatsApp +44-7393-450-837.<\/p>\n\n\n\n<p>Le informazioni contenute in questo articolo hanno un valore puramente indicativo. Non costituiscono consulenza finanziaria, legale o fiscale e non rappresentano una raccomandazione o una sollecitazione a investire. Alcuni fatti potrebbero essere cambiati dal momento della stesura.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What are the currencies available?<\/strong><\/h2>\n\n\n\n<p>The main currencies available are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>US Dollar (USD)<\/li>\n\n\n\n<li>Sterlina britannica (GBP)<\/li>\n\n\n\n<li>Euro (EUR)<\/li>\n\n\n\n<li>Australian Dollar (AUD)<\/li>\n\n\n\n<li>Japanese Yen (JPY)<\/li>\n\n\n\n<li>Franco svizzero (CHF)<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What are the account minimums?<\/strong><\/h2>\n\n\n\n<p>The account minimums are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>45,000 USD<\/li>\n\n\n\n<li>30,000GBP<\/li>\n\n\n\n<li>40,500 Euros<\/li>\n\n\n\n<li>60,000 AUD<\/li>\n\n\n\n<li>6,000,000 Japanese Yen<\/li>\n\n\n\n<li>42,000 CFH<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>The minimum top up rate for additional contributions is 4,500USD, or similar in other currencies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Quali sono le tariffe tipiche?<\/strong><\/h2>\n\n\n\n<p>The typical fees work out at between 1.5%-2.5% per year, including your advisor and Providence\u2019s fees. The exact fees depend on how much your advisor charges you on day one.<\/p>\n\n\n\n<p>A typical structure looks like this:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1% initial fee, taken out from the account, on day one<\/li>\n\n\n\n<li>1% ongoing fee for the advisor <\/li>\n\n\n\n<li>Providence fees, which might even out at 1%+ per year<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Whilst charges differ depending on who your advisor is, we do know what Providence charge for this bond. <\/p>\n\n\n\n<p>Firstly, there is the annual management charge. This works out as 1.25% on accounts worth $30,000-$99,900. It drops to 1% over 100,000, 0.75% above $3000,0000 and 0.50% above $500,000.<\/p>\n\n\n\n<p>There is also a $300 a year admin fee on accounts below $300,000 and $200 on accounts worth $500,000. There is no admin fee on accounts worth over $500,000. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Are there fees for getting out?<\/strong><\/h2>\n\n\n\n<p>No there are not for cashing out the investment, but this is usually because the advisor charges an initial and ongoing fee that comes out on day one.<\/p>\n\n\n\n<p>Even if he\/she doesn&#8217;t, the ongoing fees are quite high. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What are the positives associated with Providence Life Orbit Portfolio Bond?<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>This is a flexible option in terms of the ability to withdraw money without penalty.<\/li>\n\n\n\n<li>The minimum investment thresholds are reasonable for an international life assurance bond<\/li>\n\n\n\n<li>The offshore life assurance structure is considered tax-efficient for many British, South African and <a class=\"wpil_keyword_link\" href=\"https:\/\/adamfayed.com\/it\/expats\/best-countries-for-australian-expats-to-live-and-move-to\/\" title=\"Espatriati australiani\" data-wpil-keyword-link=\"linked\" data-wpil-monitor-id=\"1129\">Espatriati australiani<\/a>, according to countless tax experts.<\/li>\n\n\n\n<li>Compared to some of the old school life assurance firms, the IT system works well.<\/li>\n\n\n\n<li>The numerous currency options are good for expats in some locations, but the advent of cheap currency exchange services online makes this a small positive compared to years gone by. <\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Quali sono gli aspetti negativi?<\/strong><\/h2>\n\n\n\n<p>The main negatives are<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It is a flexible product, but overpriced. Even if you are at the $500,000+ charging structure, you can get better deals elsewhere.<\/li>\n\n\n\n<li>There are fewer alternative assets on offer here than is desirable, even though some structured notes do exist. In a era of low interest rates and weak government bond performance, alternative assets should be a part of many investors\u2019 portfolios.<\/li>\n\n\n\n<li>The biggest negative is that a lot of positives I mentioned above can be found elsewhere, but without as much of the negative aspects I mentioned above.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusione<\/strong><\/h2>\n\n\n\n<p>This isn\u2019t a bad option for some expats. It is flexible, with some decent fund options. <\/p>\n\n\n\n<p>But better alternatives exist in the market, for the vast majority of investors, as this option can be expensive and lacking in alternative investment assets, which is important when diversifying your assets.<\/p>\n\n\n\n<p><strong>Siete afflitti dall'indecisione finanziaria? <\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"604\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2022\/04\/smile-beige-jacket-4-1024x604-2.png\" alt=\"\" class=\"wp-image-41190\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2022\/04\/smile-beige-jacket-4-1024x604-2.png 1024w, https:\/\/adamfayed.com\/wp-content\/uploads\/2022\/04\/smile-beige-jacket-4-1024x604-2-300x177.png 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2022\/04\/smile-beige-jacket-4-1024x604-2-768x453.png 768w, https:\/\/adamfayed.com\/wp-content\/uploads\/2022\/04\/smile-beige-jacket-4-1024x604-2-81x48.png 81w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/it\/become-adams-client\/\">Diventa mio cliente<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/it\/good-match-quiz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Fare il quiz sull'idoneit\u00e0 del cliente<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/it\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">Contatto<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Adam \u00e8 un autore riconosciuto a livello internazionale in materia finanziaria con oltre 830 milioni di visualizzazioni di risposte su Quora, un libro molto venduto su Amazon e un contributo su Forbes.<\/strong><\/p>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Recensione del portafoglio obbligazionario Providence Life Orbit <\/p>","protected":false},"author":1,"featured_media":64512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10166176115445471_100883565069113":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[11534],"tags":[],"class_list":["post-47061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-review-articles"],"_links":{"self":[{"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/posts\/47061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/comments?post=47061"}],"version-history":[{"count":2,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/posts\/47061\/revisions"}],"predecessor-version":[{"id":235567,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/posts\/47061\/revisions\/235567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/media\/64512"}],"wp:attachment":[{"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/media?parent=47061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/categories?post=47061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/tags?post=47061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}