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Will expat confidence in UAE financial advisers ever improve?


‘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. ....

United Arab Emirates , United Kingdom , Stuart Ritchie , Sean Kelleher , Ross Whatnall , Stuart Mcculloch , International Adviser , Fry Group Mcculloch , Fry Group Middle , Insight Discovery , Mondial Dubai , Fry Group Middle East , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஒன்றுபட்டது கிஂக்டம் , ஸ்டூவர்ட் ரிச்சி , சீன் கெலெஹர் , ஸ்டூவர்ட் ம்க்கலக் , வறுக்கவும் குழு ம்க்கலக் , வறுக்கவும் குழு நடுத்தர , நுண்ணறிவு கண்டுபிடிப்பு , மாஂட்ஶியல் துபாய் , வறுக்கவும் குழு நடுத்தர கிழக்கு ,

How will foreign ownership rules impact the UAE advice market?


It is ‘illogical to expect an economy committed to change to ignore our space’
Previously, foreign nationals looking to set up shop in the UAE needed to have local sponsors and were limited to holding a maximum 49% share in a “limited liability company”.
Those wanting to acquire the remaining stake had to apply to their Emirate, which decided on a case-by-case basis.
International Adviser spoke to Pinsent Masons, Mondial and AHR Private Wealth to discuss how the change will affect the financial advice market.
Reaction
Sean Kelleher, chief executive at Mondial Dubai, said that “waving goodbye to the last barrel of oil” is a phrase “doing the rounds amongst Emiratis”. ....

United Arab Emirates , Sean Kelleher , Tom Bicknell , Daniel Dickinson , International Adviser , Pinsent Masons , Mondial Dubai , Commodities Authority Licensed , ஒன்றுபட்டது அரபு அமீரகங்கள் , சீன் கெலெஹர் , டோம் பிக்னெல் , டேனியல் டிக்கின்சன் , பின்சென்ட் மேசன்கள் , மாஂட்ஶியல் துபாய் , பொருட்கள் அதிகாரம் உரிமம் பெற்றது ,