Financial Times article about Financial Advisor "Bandits"

[777boyo]

Excellent article in last weekends'FT - "British Expats - Why Your Financial Advisor might be a Bandit" (or a very similar title). Basically confirms everything we always thought about financial advisors based overseas. I hope this link to the article will work -

British expats, your financial adviser may well be a bandit - FT.com

If the link doesn't work you can get instant free access to a limited number of articles per month simply by registering on the World business, finance, and political news from the Financial Times - FT.com website.

7B

[johnjonesnine]

Great article, pity that it is hard to access, but it makes two very important points:

1. It is important to get financial advice on a fee-basis from someone regulated in your home jurisdiction; and
2. Most of the so-called "advisers" in the Middle East, are not qualified to give advice in the UK, and sell products that would be banned in the UK.

[donpizmeov]

Lots of them have careers known as the FILTHIED. Failed in London, tried Hong Kong, Insolvent, eventually Dubai.