Moving country: A great opportunity to seek financial planning help
Relocating always brings with it a range of financial planning questions, such as: Where should my finances be based? When and how should I exchange currencies? What should I do with my pensions? Where should I invest my savings, and how can I plan for retirement? What are my tax liabilities, and who can help me manage them?
The answers to these questions are often specific to the country you are moving from and to, yet Zurich-based asset management firm ISGAM AG has been helping wealthy individuals, families, and entrepreneurs answer them effectively worldwide for over 40 years.
ISGAM AG: trusted by locals and expats alike
What is their secret? An international team with decades of professional and personal experience; a wide-ranging network of trusted experts in key jurisdictions; and excellent personal service that stays with you as you re-locate.
Their service has developed around nationals in or from the UK, the US, Switzerland, the EU and South Africa, and today their clients have roots and ties all across the globe. Here's a few of the financial planning tasks they can help you with.
Retirement planning
Amid the demands of their personal and work lives, many people find it difficult to make the time and mental space to think seriously about what their post-work era will look like. However, it is never too early in adult life to address the question, because even minor adjustments can make a major difference in the long run, if they are the right ones. Things you need to consider include: How can you maximise your wealth in the next 10, 15, 30 or more years? How can you protect the value of your cash against the eroding nature of inflation? How should you manage your finances if you retire between two different countries?
When asked, a representative from ISGAM AG’s relationship management team said: “Income, savings, pensions, tax laws, risk tolerance and capability, nationality, residence, lifestyle, health, personality, dreams and goals all build the picture that we use when helping our clients plan for their retirement. Rules of thumb may bring a sense of comfort, but there is no substitute for detailed and personalised retirement planning.”
Currency exchange
Many people have assets in their home currency, and whether re-locating for a short or a longer period, they face the question of how to manage their finances between their home currency (or currencies) and their new currency. An efficient strategy is needed here, to minimise the costs and the risk of being caught out with mismatched liabilities, and to match what you do now with your long-term plans and financial objectives.
Tax planning
Tax laws and how they interact across borders are complex, with potentially significant implications for your long-term financial position. This is not an area for risk, and so a firm like ISGAM AG connects clients to experienced third party tax advisors with whom they have longstanding relationships in the relevant jurisdictions. They ensure that the right questions are being asked and that the information is brought together coherently into your plan.
Investment portfolios
Building an investment portfolio that is aligned with your goals, your dreams and your financial objectives, is a fruitful and challenging venture. It is essential to find a team that not only has the time-tested financial expertise in asset management, but also the care and the personal skills to listen to and understand your perspective and your priorities.
An independent firm brings numerous advantages over a bank in this respect, beginning with the impartiality that comes with not being tied to the bank’s own investment products. You need to feel that your assets are being managed with your interests at heart - this way you can afford not to worry about them, if you don’t want to.
Start with a chat
Start with a free initial conversation with an advisor and give your financial future the attention it deserves.
ISGAM AG is a FINMA licensed Portfolio Manager in Switzerland (according to Article 17 et seq. FinIA) under the supervision of FINcontrol Suisse AG and is authorised in South Africa by the Financial Sector Conduct Authority as a Category 1 Financial Service Provider. License No: 46929.
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