‘Many international professionals have been burned by taking the wrong type of advice’
The UAE financial advice sector is improving. But it remains haunted by past misdeeds which are still raw in the minds of victims of bad advice.
Consultancy firm Insight Discovery recently surveyed 1,222 UAE residents and found that, by profession, financial advisers in the UAE have the fifth worst reputation in the country.
But when it came to western expats, they lambasted UAE financial advisers as the least trusted group.
Sometimes, there is such a thing as bad press.
International Adviser spoke to several firms in the UAE financial advice space to discuss how advisers can get expats’ trust back.