Should a 70 years old French women use the same financial advisor as a 20 years old German man?

Should a 70 years old French women use the same financial advisor as a 20 years old German man? The question says it all. However, the response is not that easy to formulate. In fact, we would respond yes but no. It really depends on several factors. If both of these persons are looking for a financial advisor that would look after all their finance-related matters, there is absolutely no doubt whatsoever that the response will be no. In fact, in order to provide the best advice to a retired person living in France, the financial advisor should be well aware of the French legislation (or one could argue that he or she should even be French since the French legislation regarding taxes and other types of investment is extremely complex). The same goes for the 20 years old German man who should seek advice to a German advisor (legislation slightly less complex than the French one but still extremely hard to deal with for non-German advisor). So regardless of the age and professional situations, the only fact that these two persons live in different countries means that they should have different financial advisors. However, there is a clear case where these two very different profiles could use the same financial advisor. This case happens when these investors are looking for international investments. Our list of the best independent financial advisor takes into consideration this skill. In our views, investors nowadays cannot limit their investments to their local market. That is why our table takes into account among other criteria multilingual skills associated with top client services

Claire Mackay interview

Claire Mackay has been interviewed recently in The Sydney Morning Herald (https://www.smh.com.au). Claire Mackay, a financial planner and director of Quantum Financial, says businesses that are predicated on commissions and the selling of financial products have diminished the value of advice. "Consumers are not seeking product sales. They are seeking strategies and recommendations that help them put their family finances in a more secure position," she said. "Studies have shown that consumers who have a quality adviser, who is working with them on a strategy, are financially better off than they would be otherwise." The long article full of comments from some top financial advisors shows that a combination of higher educational standards, an end of grandfathered commissions and decreasing viability of financial planning businesses could see thousands of advisers head for the exits. In a way, the industry is struggling, but at the same time, the need for qualified and well trained financial advisors has never been that high.