Financial Planning
Every person at some point in time will need to avail themselves of professional financial advice. The issue is whether the advice you receive is good or bad.
The starting point is to work out your own personal goals, the advisor should help you to set out a plan to achieve your goals within your selected time frame.
Before your first meeting it is a good idea to write down your objectives as this will give both yourself and the advisor a solid starting point for your discussions.
It is important to ensure that you are dealing with
a) a regulated company,
b) a qualified advisor.
Ask who their company is licensed by, they should be licensed by the UAE Central Bank for investment products and advice, and ask for proof of the advisors qualifications.
Do not sign any product paperwork at the first meeting and always take the time to reflect, on the discussions that you have had. Once you are happy with the advice, always check the policy documents carefully to ensure that the terms are as you agreed.
You should also receive written confirmation from the advisor confirming what they are recommending and the reasons why.
