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Are you willing to turn to ‘robo-advice’?

As a result, robo-advice was developed. Do you think it sounds like science fiction? Well, major financial institutions are starting to get in on the action. Royal Bank of Scotland recently announced that 220 of its staff could be replaced by robo advice. The trouble is, there are concerns that all investors could be placed in too broad an investment strategy that does not adequately cater for their investment needs or take into account their tax position, such as a likely inheritance. In addition, the existing online advice propositions still require investors to do a lot of decision making, such as picking which funds they want to be invested in.

In Spain you are lucky as you still have the opportunity to see a financial adviser without having to pay an up-front fee, thus rendering the service available to everyone. In these worrying and bewildering times it is essential – if you want to make the most of your money – to see a professional to give you guidance.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Expat Financial Advice a Must When Returning to UK

SuitcasesAs the “will they, won’t they” saga of Brexit rumbles on it is useful to look at some of the things expats can actually do to reaffirm their ties with the UK in the event that they plan to move back to Blighty at some point in the future.

The issue has taken on a new urgency for expats, particularly in regards to property, in light of the new surcharge that the government plans to introduce alongside stamp duty on second home and buy-to-let purchases in England.

Although Prime Minister Theresa May says that the surcharge is for “foreign buyers” and is being introduced with a view to assisting UK taxpayers buy a property – especially first-time buyers – it may have some unintended consequences.

This is because it is not just foreign buyers who are likely to find their pockets hit by the tax. Returning expats – who could well be a prominent demographic over the next few years – may also find themselves liable for the surcharge, potentially setting them back significantly on their way to reaching their wealth management objectives.

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Why Portugal Appeals to High-Net-Worth Individuals in 2025

Recent tax reforms in the UK – including the planned abolition of the non-dom regime and a move toward residence-based inheritance tax – are prompting many high-net-worth individuals (HNWIs) to reassess their residency, tax planning, and succession strategies. With similar shifts under way in other traditional wealth centres, HNWIs are increasingly seeking stable jurisdictions that […]

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