The Steps to Finding Good Expat Financial Advice

As an expatriate, managing your finances in a foreign country can be a daunting task. Differences in taxation, currency, and regulations can make it challenging to navigate your financial life. That’s where good expat financial advice comes in. In this comprehensive guide, we’ll discuss the steps to finding reliable and tailored expat financial advice to help you make informed decisions and optimise your financial well-being abroad.

  1. Determine Your Financial Goals and Needs

Before seeking financial advice, it’s crucial to identify your financial goals and needs as an expat. Consider the following:

  • Retirement planning: How much do you need to save for a comfortable retirement in your host country or back home?
  • Taxation: What are the tax implications of living and working in a foreign country? How can you minimise your tax liability?
  • Investment opportunities: Are there unique investment opportunities in your host country? How can you take advantage of these while minimising risk?
  • Insurance: What kind of insurance coverage do you need as an expat, such as health, life, and property insurance?
  • Estate planning: How should you plan for the distribution of your assets in case of your demise?

By identifying your goals and needs, you’ll be better equipped to find a financial advisor who can address your specific concerns.

  1. Research and Shortlist Potential Advisors

When looking for an expat financial advisor, it’s essential to do thorough research. Start by seeking referrals from fellow expats or colleagues who have experience with financial advisors in your host country. You can also search online for expat-focused financial advisory firms.

As you research potential advisors, take note of their qualifications, experience, and reputation. Look for advisors who hold relevant certifications, such as the Chartered Financial Analyst (CFA), Certified Financial Planner (CFP), or Chartered Financial Planner (FPFS) designations. These certifications indicate a certain level of expertise and adherence to industry standards.

  1. Evaluate Their Specialisation and Experience

Not all financial advisors have experience dealing with the unique challenges that expats face. To ensure you receive the most appropriate advice, choose an advisor with a strong track

record in serving expat clients.

Ask potential advisors about their experience with expat taxation, retirement planning, currency management, and other relevant issues. An advisor who specialises in expat financial planning will be more likely to understand the nuances of your situation and provide suitable recommendations.

  1. Investigate Their Fee Structure and Services

Financial advisors offer a range of services and charge fees in different ways. Some charge an hourly rate, while others work on a commission basis or charge a flat fee. It’s essential to understand how an advisor’s fees are structured to ensure transparency and avoid any conflicts of interest.

As an expat, you may require a broad range of financial services, including tax planning, investment management, and insurance advice. Ensure that the advisor you choose offers the specific services you need and that their fee structure aligns with your budget and preferences.

  1. Schedule a Consultation

Once you have a shortlist of potential advisors, schedule consultations to discuss your financial goals and needs. This initial meeting will allow you to gauge the a

dvisor’s communication style, level of expertise, and overall compatibility.

During the consultation, ask the advisor about their approach to financial planning and how they will address your unique expat concerns. Request references from other expat clients and inquire about their client retention rate. A high retention rate often indicates that clients are satisfied with the advisor’s services.

  1. Verify Their Regulatory Compliance

Financial advisors are regulated by various organisations depending on the country and their specific services. For instance, in the United States, the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) oversee financial advisor and firms. In the United Kingdom, the Financial Conduct Authority (FCA) plays a similar role.

To ensure that your chosen advisor adheres to industry standards and regulations, verify their registration with the relevant regulatory bodies. This step will help protect you from potential fraud or misconduct.

  1. Assess Their Independence and Objectivity

Independent financial advisors are not tied to any specific financial institution or product provider. As a result, they can offer objective advice and a wider range of financial solutions. When selecting an advisor, consider their independence and objectivity to ensure that their recommendations are in your best interest.

Ask potential advisors if they receive commissions or other incentives for recommending certain products or services. Be cautious of advisors who push specific products without considering your unique needs and goals.

  1. Evaluate Their Cultural Competence

As an expat, you may face unique cultural challenges when managing your finances abroad. An advisor who understands the cultural context of your host country will be better equipped to address these challenges.

When interviewing potential advisors, ask about their experience working with clients from your home country or cultural background. Consider their language skills and understanding of local customs and regulations to ensure that they can effectively navigate your financial landscape.

  1. Check Client Reviews and Testimonials

Client reviews and testimonials can offer valuable insights into the quality of an advisor’s services. Look for reviews from other expats who have worked with the advisor to get a sense of their expertise and client satisfaction. Keep in mind that no advisor is perfect, but consistent negative feedback or red flags should be taken seriously.

  1. Make a Decision and Establish a Long-term Relationship

After carefully evaluating potential advisors, make a decision based on your research and personal preferences. Remember that your relationship with your financial advisor is crucial to your long-term financial success. Establish open communication channels and set expectations from the beginning.

Regularly review your financial plan with your advisor to ensure that it remains aligned with your goals and needs. As your circumstances change, your advisor should be able to adapt your financial strategy accordingly.


Finding good expat financial advice requires careful research, evaluation, and due diligence. By following these steps, you can identify a qualified and experienced financial advisor who understands your unique expat concerns and helps you achieve your financial goals. Remember that the right advisor will not only offer sound advice but also build a long-lasting relationship that supports your financial well-being throughout your expatriate journey.


About AES Adviser

AES Adviser advises expatriate clients worldwide on all financial planning matters including wealth management, estate planning, offshore bank accounts, savings and investment, insurance, multi-generational wealth transfer and generating income, from wealth accumulated, to support retirement.