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Simply put, a<\/span> financial planner in Dubai<\/a> will understand your current financial position, then creates a plan to help you reach your goals. There are many types of finance professionals, however a <\/span>financial planner can provide holistic expert advice that\u2019s tailored specifically to your needs and will look at your overall financial position as a whole to help you achieve your financial goals.\u00a0<\/span><\/span><\/p>\n <\/p>\n <\/p>\n A financial planner firstly understands your current financial needs and long-term goals. In reality, this typically means assessing your current financial situation, understanding your financial goals and helping create a plan to get you there. Financial planners in Dubai can help you reduce spending, pay off debt, and save and invest for the future to help achieve your goals.<\/span><\/p>\n Certified financial planners in Dubai offer holistic financial planning advice on everything from budgeting and investing to insurance and retirement planning, with some financial planners also specialising in investments, tax, pensions and various other products.<\/span><\/p>\n A holistic financial planner such as <\/span>Finsbury Associates<\/span><\/a><\/span>, generally follow the below steps when looking at your wealth journey.<\/span><\/span><\/span><\/span>\u00a0<\/p>\n <\/p>\n [\/et_pb_text][et_pb_image src=”https:\/\/finsbury-associates.com\/wp-content\/uploads\/2021\/08\/Steps-in-Financial-Planning.png” alt=”Steps in Financial Planning” title_text=”Steps in Financial Planning” url=”https:\/\/finsbury-associates.com\/” admin_label=”Financial Planner in Dubai” _builder_version=”4.9.4″ _module_preset=”default” max_width=”70%” module_alignment=”center” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.9.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” min_height=”1779px” custom_margin=”||3px|||” custom_padding=”||0px|||” global_colors_info=”{}”]<\/p>\n It\u2019s important to ensure that your financial planner is both licensed and qualified to give you advice. Within Dubai, financial planning firms should be licensed and regulated through either the UAE Insurance Authority, the Dubai Financial Services Authority or the Security and Commodities Authority.<\/span><\/p>\n As well as ensuring that the financial firm is regulated, it\u2019s vital to ensure that your financial advisor<\/a> is qualified with the relevant industry body to give you advice.\u00a0 Firms such as <\/span>Finsbury Associates<\/span><\/a><\/span> ensure that all of their advisors are qualified and complete a minimum of 35 hours continued professional development annually.\u00a0<\/span><\/p>\n You can check your advisor\u2019s qualifications with their appropriate body i.e. the CII <\/span>(Chartered Institute of Insurance<\/span>)<\/span><\/a> and CISI <\/span>(Chartered Institute of Securities and Investment<\/span>)<\/span><\/a> by typing in their name.<\/span><\/p>\n Financial planners can help you achieve your financial goals, keeping you both on track and accountable. Good financial planners will first review your financial situation, discussing your goals and then develop a strategic, holistic plan to help you achieve them.<\/span><\/b><\/p>\n They can help with specific financial goals such as:\u00a0<\/span><\/p>\n Financial planners are impartial and a good financial planner should actively review a client’s portfolio at least once a quarter, checking in to ensure that it is actively rebalanced and you are on track to achieve your goals. By regularly reviewing clients, they can help modify your investment strategy if your situation changes e.g. if you lose your job, have a family, repatriate or receive an inheritance.\u00a0<\/span><\/p>\n Financial planners have access to the latest market updates and insights and much like you would consult a doctor, accountant or specialist, they can provide specialist holistic advice and save you time, providing you with the latest information.<\/span><\/p>\n Generally speaking, the more complex your financial situation, especially as an expat, the more likely you are to benefit from a financial planner in Dubai.<\/span><\/p>\n Financial planners can provide an objective perspective, and bring expertise to decisions about how you should invest your money, what your financial priorities should be and what sort of insurance coverage and other protections you need. A financial planner can be especially helpful when you’re faced with a life change\u00a0 \u2014 think marriage, a divorce , having children or an inheritance.\u00a0<\/span><\/p>\nFinancial planners: What they do<\/b><\/h2>\n
Is my financial advisor qualified? <\/b><\/h2>\n
Why use a financial planner in Dubai?<\/b><\/h2>\n
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Do you need a financial planner in Dubai?<\/b><\/h2>\n