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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
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