Investing wisely in an independent adviser | Bangkok Post: news

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Investing wisely in an independent adviser

Do you invest as wisely in your financial adviser as you do in your portfolio? In the complex world of investments today there are many potholes that can catch you out. The business of living life for the expatriate gets more complex as time goes by. So, what should we do to protect ourselves from likely potential pitfalls? How do we accurately predict what those challenges will be?

Using a professional adviser is in your best interest because he or she is deals with these issues all the time. "But wait," you might say, "many advisers are actually not all they claim to be." I agree and so an immediate concern arises before you even begin.

There are more than 40 advisory firms in Thailand. Far smaller is the number of firms that are honest, fair and ethical. However, there are some professionals around and you will be wise to choose one carefully (see Net Worth, June 5, 2012, "Choosing the right IFA").

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