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When searching for a financial advisor, how can you be sure they are the right fit for you?
There are three categories of financial advisors:
In France, many insurance company agents represent just one company—like AXA or Credit Agricole. These advisors typically:
The person you are dealing with is often a ‘courtier’ or broker, who is not a highly trained advisor but instead trained to sell the products of the company they represent. They may not look at other areas of financial planning.
While a French bank account and products like Livret “A” are useful for managing cash in France, it’s important not to tie yourself into products that may not work outside of France or have limited investment selections.
Keep in mind that UK ISAs do not work in France, and similarly, French products may not function well outside of France. These companies—whether banks or insurance firms—offer a limited range of investments, as they are tied to just one company.
A restricted advisor is limited in who and what they recommend. For example:
There is nothing wrong with restricted advice, but it limits your options. You could miss out on a whole-of-market approach and a broader range of investment products that may be more suitable for you.
An independent adviser provides advice, not product placement. Known as a ‘conseiller’ in France, they:
In France, this could mean offering a variety of Assurance Vie products and a portfolio tailored to your specific requirements. You are not limited to a single product.
Everyone’s needs are different—especially if you are moving between countries in Europe or coming from another jurisdiction. You need an adviser who understands that flexibility is key.
On the investment side, an independent adviser can offer a wide selection of funds tailored to your goals and individual risk profiles. They will meet with you regularly to ensure that your plan still fits your needs and that you are properly taken care of.
This also applies to pension investments. An independent adviser will offer a flexible approach, not a “one size fits all” solution, to match your personal financial requirements.
While you may pay a little more for a highly trained independent adviser, you will receive better service, regular contact, and far better value for your money in the long run.
Contact us:
www.beaconglobalwealth.com
Tel: +44 333 241 6966
Email: enquiries@bgwealthmanagement.net
The financial advisers trading under Beacon Wealth Management are members of Nexus Global (IFA Network). Nexus Global is a division within Blacktower Financial Management (International) Limited (BFMI). All approved individual members of Nexus Global are Appointed Representatives of BFMI. BFMI is licensed and regulated by the Gibraltar Financial Services Commission and bound by their rules under licence number FSC00805B.
The information on this page is intended as an introduction only and does not offer solutions or advice. Beacon Global Wealth Management accepts no responsibility for losses incurred by acting on this information.
Before you engage us, we’ll get to know you to make sure we’re a good fit in terms of understanding what is most important to you.
After our discovery call, we will summarise our understanding of your current situation and the key objectives which will ensure we're aligned with your goals.
Once you’re happy that we’re right for you, we’ll provide our recommendations and implement them for you. But there’s never any pressure from us to proceed – that’s just not our style.
We will implement your plan, constantly monitor and report on the performance to ensure your private wealth is optimised and aligned with your goals and working for you. Additionally, we’ll provide you with regular statements and a half yearly review to ensure that you remain up to date with any investment or tax changes and that we continue deliver for the long term.
