(please note that this article originally appeared on adamfayed.com).
Investments for expats in Saudi Arabia – that will be the topic of today’s article. Nothing written on this page should be considered as formal financial advice.
For any questions, or if you are looking to invest, you can contact me using this form, or email (advice@adamfayed.com).
Introduction – what does an advisor do?
If we talk about money, then we are all involuntarily involved in a constant financial movement.
After all, every day we perform various monetary transactions. And it depends only on us how conscious this movement will be on the scale of our entire life. To control the future, we need to:
- Manage our cash flows
- Turn the future into a set of clear, measurable financial goals
- Make a plan to achieve these goals
- Carry out your plan
This is a common situation with which a financial consultant works.
Along with this, a special case is also possible. A person already clearly understands what tasks he is striving for.
He only needs a specialist who will help you choose the right strategy for achieving the goal. And he will offer the best tools for solving important tasks. In both of these cases, a personal financial advisor is helpful.
The problem for many people is that they have no control over their cash flows. And as a result, they live chaotically, not understanding where they are going financially.
So shortly, a financial advisor is an investment specialist who knows how to save and increase money.
He/she assesses the financial condition and resources of his client, develops an investment policy for him, a scheme for working with banks, brokerage and insurance companies, helps him make financial decisions and manage the budget.
Ideally, a consultant is able to solve all the financial problems of a company or individual. Later in this article we will tell you about financial advisors in Saudi Arabia, and how you can achieve your financial goals with their assistance.
The financial advisors can work both independently and on the staff of a bank, investment, insurance or any large company.
Typically, the main job responsibilities of a financial advisor are:
- information support for clients on investment issues;
- budget development (personal, family, corporate);
- forecasting monthly income and expenses – maintaining a financial plan;
- selection of individual and corporate investment programs;
- participation in the development of the company’s pricing policy;
- preparation of statistical reports (based on the results of the company’s activities, work in the financial markets, etc.).
There are a lot of expatriates living in Saudi Arabia or planning to move there, and probably among them are either businessmen or individuals and many others who are interested in making stronger their finance and need someone who will assist them in further financial decisions.
Let’s see where you can find and how you can contact a financial advisor, and what kind of services he can offer you. To start, let’s say that there are a few types of financial advisory;
- Bank financial advisor
- Local financial advisor
- Online financial advisor
- Bank financial advisor
