The Need for Trusted, Holistic Financial Advice Just Keeps Growing
Thankfully, the haunting spectre of Brexit has not dispelled the lure of Portugal among those who are looking for a calm, safe and beautiful place in which to spend their retirement years, and with the rising inflow of expats, the need for quality advice has resulted in expansion for Blacktower’s teams in Portugal.
As one of the leading wealth management companies in Portugal, and with offices in Lisbon and the Algarve, Blacktower is able to provide expats with the trusted financial solutions they need. The demand for Blacktower’s services traditionally emanates from UK expat arrivals in the country and through referrals among the expat community. However, an increased influx of other nationalities such as French, South African, Scandinavian and American expats into Portugal means our multilingual, client-focused, industry-experienced consultants have been in high demand.
We understand the difficulties inherent in relocating to a new country and Blacktower’s holistic approach to personalised wealth planning helps clients understand Portugal’s tax and legal systems, and the impact their residency status has on investments, estate planning and pensions. Many of our advisers are expats themselves and all live in nearby communities, so we have the local knowledge our clients need to offer authentic recommendations regarding local banking options, house hunting, schools, international associations and health care.
Bespoke solutions backed by experience
There is “no one size fits all” approach for successful wealth management and we aim to really get to know our clients and to communicate without the contradiction and obfuscation that is sometimes part of the financial services industry. We believe that our longevity and success as a financial services provider in the Lisbon and Algarve regions is down to our transparency, integrity and high levels of client service. Combine this with our commitment to providing only locally-based, accomplished consultants with absolute loyalty to the Blacktower client-care ethos, and this is the reason why Blacktower’s trusted status within the sector is growing.
We are highly regulated in all jurisdictions we work in and hold relevant licences which enhance client protection. Our advisers are highly-qualified and immersed in the sector, which means we can offer skill-sets key to helping clients achieve their objectives. The more business we see in Portugal, the greater our knowledge and expertise – it’s a win-win situation for clients and our team members.
At the heart of our service provision is our investment offering, an exclusive family of investment vehicles for the Blacktower client community known as the Nexus Portfolio Range. Three carefully designed, fully regulated portfolios are managed by a world-class British asset management company with over 200 years’ experience. They provide diversified, highly liquid investment opportunities across global markets, utilising robust risk management and active investment management. Blacktower clients can take advantage of these funds as well as ensuring the rest of their wealth management options are in place.
Expansion has been key
Over recent months, as a result of Brexit, Blacktower has been helping clients understand that they should have financial matters in place sooner rather than later and, thankfully, the message seems to be getting across, as we are seeing more and more expats who want to make sure they are as prepared as they can be in the current political climate. Whatever the outcome of Brexit in terms of whether it’s Hard, Soft or No-Deal, there will almost certainly be challenges ahead. As these challenges unfold, Blacktower in Portugal has put the infrastructure in place to ensure we can help our existing clients and new clients manage their wealth and meet all the jurisdictional requirements. We have expanded our teams so that we are able to cover a wider area of Portugal and are able to meet with more clients across the Algarve and, from our Lisbon office, north to Oporto.
Manuela Robinson, Joint Country Manager Algarve:
During my 30 years plus of experience, I’ve seen a lot of improvements and changes in regulations and consumer protection. Having worked for some of the biggest Banks in the world, advising people and institutions on how they can make their money work efficiently for them, I know that each client is different and every recommendation must be “tailor-made”. Come speak to us about your financial goals and let’s make a plan that works for you.
Antonio Rosa, Joint Country Manager Lisbon:
I vehemently believe that Blacktower is a company that contributes to and is part of the community it serves. Our clients do not want simply something to invest in but they want something to believe in. Our consultants all offer a commitment to unabated excellence in our chosen field – managing wealth for private clients.
Disclaimer: The provision of information in this communication is not based on your individual circumstances and does not constitute investment advice. Blacktower makes no recommendation as to the suitability of any of the products or transactions mentioned.
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.
If you are serious about receiving the best financial advice in Spain, chances are any adviser you choose will recommend that, in the absence of a committed property investment strategy, you do not invest too heavily in Spanish real estate.
“Fortunate, indeed, is the man who takes exactly the right measure of himself and holds a just balance between what he can acquire and what he can use.” These words, written by The eighteenth century English physician and educator Philip Latham, could just as easily have been written about trying to achieve the balance between spending happily in the present and saving prudently for retirement.