MIKE COADY

Financial Expert | Business Excellence | Growth Expert
Mike is an award-winning financial expert and a well-known leader in the financial industry.Having taken two of his previous firms to Chartered Status in the UK and also achieved the prestigious National IFA of the Year Award – Highly Commended.In addition, Mike is a well known Independent Financial Adviser and Money Coach. Qualified to UK Financial Conduct Authority (FCA) standards, a member of the Chartered Insurance Institute, a Founding Fellow of the Institute of Sales Professionals (FF.ISP), a Fellow of the Institute of Directors (FIoD) and featured as a highly qualified Financial Adviser in Which Financial Adviser.
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10 Top Tips on Choosing a Financial Advisor in Dubai

Mike CoadyBusiness Advice 10 Top Tips on Choosing a Financial Advisor in Dubai
finanical advisor in dubai

10 Top Tips on Choosing a Financial Advisor in Dubai

Choosing the right financial advisor in Dubai can be a daunting task, especially for expats who are new to the city and may not be familiar with the local financial landscape. However, with the right information and a bit of research, you can find a financial advisor who will help you achieve your financial goals.

Financial Adviser Guide

Here are 10 tips to help you choose the right financial advisor in Dubai:

  1. Get a second opinion: Before making a final decision, it’s always a good idea to get a second opinion from another financial advisor. This can help you compare different perspectives and get a better sense of which advisor is the best fit for your needs.
  2. Understand your financial goals: Before you start looking for a financial advisor in Dubai, or anywhere else for that matter, it’s important to understand your own financial goals and objectives. This will help you narrow down your search and find an advisor who is a good fit for your needs.
  3. Look for qualifications and certifications: Financial advisors in Dubai must be licensed and regulated by the Securities & Commodities Authority (SCA), Insurance Authority (IA), or Dubai Financial Services Authority (DFSA). Make sure the advisor holds the relevant and appropriate qualifications and certifications for the type of advice you are seeking.
  4. Check for experience: Experience is key when it comes to financial advice. Look for advisors who have several years minimum of experience in the industry, and who have a track record of helping clients achieve their financial goals.
  5. Consider their area of expertise: Not all financial advisors are created equal. Some may specialize in insurance, while others may focus on investment and portfolio management. Look for an advisor who has expertise in the areas that are most important to you.
  6. Look for transparency: A good financial advisor should be transparent about their fees and how they are paid. They should also be willing to provide you with detailed information about their investment strategies and historic performance delivery.
  7. Check for references: Ask the advisor for references from past or current clients. This can give you a good idea of their level of service and the results they have been able to achieve for their clients.
  8. Look for a good fit: Finding the right financial advisor is like finding the right doctor, lawyer, or accountant. You want someone you can trust and to who you feel comfortable talking. Look for an advisor who you feel you can build a good working relationship with.
  9. Consider the advisor’s communication style: Some financial advisors may be more hands-on and in touch with their clients, while others may take a more hands-off approach. Consider which communication style will work best for you.
  10. Check for professional affiliations: Many financial advisors are affiliated with professional organizations. This can be a good indicator of the advisor’s level of commitment to the industry and to stay up to date with the latest developments in their field.

In conclusion, finding the right financial advisor in Dubai takes time and research. But by following these tips, you can increase your chances of finding an advisor who will help you achieve your financial goals and provide you with the guidance and support you need to make informed financial decisions.

Financial Adviser Guide

About Mike Coady

Mike Coady is an expat expert based in Dubai and is on hand to help with all of the above and more.

Mike is an award-winning money coach and industry leader in the financial sector.

Qualified to UK Financial Conduct Authority (FCA) standards, a member of the Chartered Insurance Institute, a Founding Fellow of the Institute of Sales Professionals (FF.ISP), and a Fellow of the Institute of Directors (FIoD) and featured as a highly qualified Financial Adviser in Which Financial Adviser.

To learn how to choose a great financial adviser, download our free guide.

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Blog published by Mike Coady.

Mike Coady
Mike Coady

Mike is recognised at the forefront of financial planning as a financial advice mentor who demands only the best outcomes for both individuals and businesses he works alongside.

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