How regularly your portfolio will be analyzed

If you bank in a different currency, be sure to check with your expat financial adviser in which currency their fees are payable, and whether you can agree to a fixed conversion rate. If not, it’s worth keeping an eye on currency fluctuations, so you know whether your costs will go up or down! A financial adviser is required to explain their fees thoroughly in advance, confirming:

What costs are payable, when, and how often

How they calculate those fees

How long the fee agreement will be in place for, or what scope of work it covers

How the costs quoted are broken down? Usually, you will need to sign and return a copy of a document explaining your financial adviser’s fees, to confirm that you have read, understood and agree to them. Don’t ever feel pressured into signing paperwork there and then – good advisers will be more than happy for you to take it away to have a read in your own time, and seek legal advice if you would like to. If you’re using a financial adviser in your new country of residence as an expat, make sure you understand the paperwork, and use a local translator if this isn’t in your native language.