Financial Planning
Getting the right financial advice for expats is the key to maximising financial opportunities while living in Saudi Arabia
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Finding a trusted and regulated financial adviser in Saudi Arabia
Holborn Assets, a leading, multi-award-winning financial services firm, has a long history of providing expats specialist and sound financial advice. We are the first and only Western financial advisory company to have been granted a full regulatory licence from KSA’s Ministry of Investment and are therefore in a unique position to help expats living in Saudi with their financial planning needs.
With a rapidly growing expatriate community, Saudi Arabia presents unique opportunities for those working in the Kingdom. With no income tax on salaries or investments, expats have greater opportunities to build wealth while living in Saudi Arabia. Working with an qualified and locally regulated financial adviser is key to optimizing these opportunities and maximizing the potential of your finances.
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Finding a trusted and regulated financial adviser in Saudi Arabia
With a rapidly growing expatriate community, Saudi Arabia presents unique opportunities for those working in the Kingdom. With no income tax on salaries or investments, expats have greater opportunities to build wealth while living in Saudi Arabia. Working with an qualified and locally regulated financial adviser is key to optimizing these opportunities and maximizing the potential of your finances.
Financial Advice vs. Financial Planning: Understanding the Distinction
Financial advice and financial planning, while interconnected, serve different purposes. Financial advice involves professional guidance to make informed financial decisions. In contrast, financial planning is a comprehensive approach to achieving both short-term and long-term financial objectives. Financial advice is a critical component of this broader planning process.
Why should I get Financial Advice?
Living and working in a new country brings unique financial challenges, especially when dealing with cross-border rules and laws. Expatriates often encounter intricate financial landscapes that require careful navigation. Expert financial guidance is crucial in these scenarios. A skilled financial adviser can assist in numerous ways, including:
- On and offshore tax planning
- Investments
- Assets and Portfolio Management
- Retirement Planning
- Education Planning
- Succession Planning
The Advantages of Professional Financial Advice
The financial market’s complexity can make choosing the right products daunting. A qualified adviser can save you time and aid in wealth growth. Tailored financial advice empowers you to make well-informed decisions, simplifying the journey towards your financial aspirations.
Financial Advice in Saudi, what does it cost?
Professional, independent financial advice comes with associated costs. It’s vital for clients to understand fee structures to avoid unexpected expenses. Advisers typically charge fees based on:
- A percentage of assets under management (AUM)
- Fixed fees Some advisers may use a combination of these structures
In some cases, advisers or financial planners may use a combination of these fee structures, so it’s always worth checking with you adviser.
Selecting the Right Financial Adviser
Everyone can benefit from professional advice to manage their finances effectively. However, individual needs and financial goals vary, making it essential to find an adviser who aligns with your specific requirements.
Financial Advice for Pension Planning
Independent financial advice is crucial for maximizing your pension and ensuring your retirement plans are on track. Be aware of legal mandates if you have a direct benefit (DB) pension. For instance, DB pensions with a transfer value exceeding £30,000 legally require financial advice.
Personalised Financial Advice
Quality financial advice is beneficial regardless of your life stage or profession. Whether planning for retirement or seeking investment strategies, personalised advice is key. Our team in Saudi Arabia are here to work with you to ensure your financial goals and aspirations can be achieved while you are living in Saudi.
Ready to get Financial Advice from a local expert?
At Holborn Assets, we are committed to providing sound financial advice to our clients in Saudi Arabia, advice that is tailored to your unique needs and goals. Get in touch with us today to arrange a call or a face to face meeting with our team on the ground in Saudi and discover how we can assist you in achieving your financial goals.
Frequently Asked Questions
Think of financial advice as professional guidance to help you better manage your money and reach your financial goals. It can include anything from saving and investing to retirement planning. Ultimately, financial advice helps people make informed decisions to secure their financial well-being.
