With over 42 years financial industry experience, Richard Alexander founded RAFP to provide specialist financial planning services to clients with accumulated capital who prefer the personal touch of a dedicated and trusted financial adviser.
For clients in the UK, those planning to move overseas and for existing Ex-pats, our aim is to build long term client relationships and understand their aspirations, to appreciate their concerns, sensitivities and risk tolerances and to provide bespoke financial planning advice and solutions designed to help them achieve their goals.
For clients in the UK, those planning to move overseas and for existing Ex-pats, our aim is to build long term client relationships and understand their aspirations, to appreciate their concerns, sensitivities and risk tolerances and to provide bespoke financial planning advice and solutions designed to help them achieve their goals.
Services
During our working lives, we have regular income to meet daily expenses and will save towards retirement. When we retire, though, a number of things can and will change. Whilst the general expectation of retirement is that expenses will decrease, for some, initially they can go up and may increase dramatically, particularly if the plan is to travel extensively or to move house.
With more and more people retiring abroad, transferring UK pension benefits overseas is becoming increasingly common. But is this right for everyone? Whilst there can be some advantages to moving UK pension benefits overseas, it is not right for everyone and individual financial advice is always needed as some UK pensions will include guarantees which will be lost on transfer.
For people moving abroad or returning to the UK, a major consideration needs to be in regard to currency and potential currency risk. When you live in one country and all of your assets and income are in the local currency, there is no currency risk but as soon as a different currency is involved, then additional consideration is needed.
With an increasing trend of clients retiring overseas, most professional firms, whether lawyers, accountants or financial advisers, will have a number of clients who have either made the move or are planning to and this can present complications. Most professional financial advisers pride themselves on building long term relationships with their clients who are often loath to break that relationship, even when they move abroad.
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