Independent Financial Advisers (IFA's) in Southern Spain provide financial planning services on either a time and cost or a commission basis. Local representatives from banks and life insurance companies supplement these services.
Generally, an IFA can offer you products that are more competitive than cash. However, proper research is imperative in order to match the best product and provider with the client's needs.
When choosing an IFA, you should be aware that many companies have come and gone in the past. Therefore, the ideal is to work with someone who is regulated, or at the very least, can provide you with proper qualifications.
Most of the products offered by IFA's are usually offshore products which generally offer better returns than the Spanish products. However is you are a resident and a tax payer any product that qualifies for a tax allowance should be considered. A Spanish Assesor Fiscal is likely to be more knowledgeable of these type of products.
You can prepare yourself to play an active role in deciding where to invest your money by reviewing the following articles.
When deciding whether or not to invest in a financial product, "risk vs reward" is not the only factor to keep in mind. You also need to consider your investment's "time horizon", or how long it… More →
The most important point to keep in mind when choosing a financial product is that a risk category should be established before you select your investment vehicle. A headline rate of 10 per cent… More →
If you have not been resident in the UK for five years or intend not to be resident for five years, transferring your pension out of the UK can result in large UK tax savings. In certain… More →