If you have a float of cash that your happy to give to them to tie up for you for the next 10 - 20 years and are happy too part with it to some one with out suitable qualifications if any, then enjoy the coffee. These companies that employ young people on commision only basis need to be avoided like the plague.There are many companies in Dubai that are supposedly "financial advisors". They will cold call you and offer you all sorts of promises as far as products and services, but they will predominantly be interested in selling you a 25 year savings plan that will make them the most commission.
Dubai is an unregulated as far as financial services is concerned. So my advice is seek advice only from a QUALIFIED financial advisor, and not someone interested only in a sale that may benefit them more than you.
Elphaba on this site is fantastic, and will look after all your needs, without the worry you might have of being taken for a ride.
I'd recommend you get intouch with her, and she'll take care of you properly!!!
I disagree.... some reputable companies do cold call people. I know in the States, Merrill Lynch did it as did Schwab. Those companies may have moved away from the practice, but when I worked for them (as a newbie), you had to cold call to build a decent book/portfolio.Don't waste your time, I get cold called every day by some financial serves company (Hi, you've probably heard of us....) and they're always miffed when I tell them I'm absoltuely not interested in anything they have to say. They're all scum.
If you want to invest your money, do your research, ask for recommendations, and approach a company of your choosing.
Reputable companies do not, under any circumstances, cold call you to offer their services.
It's so bad these days, I just hang up if I hear a pause when I answer the phone as I know it's a call centre of some kind.
Actually, I don't know how they got my number as I don't do the business card in the bowl to win crap and I also don't do the SMS thing to radio stations, stores, or other promotions (yes, they get you like that as well now).Incidentally, they get your numbers because you fall for the "Win a bottle of Champagne" trick, you know the one, just put your business card in the goldfish bowl and you could win a bottle of champers. Guess what? You never win - no-one wins, just the "advisers"
I worked in Private Banking for the last decade or so in the MENA and Asian subcontinent, so let me give you an unbiased look at what they can and cannot do
Globaleye primarily sells insurance and annuities (savings plans) . Beyond that, if you want bonds, mutual funds, stocks, I suggest you speak to a banker either in your home country or one of the biggies in town- Standard Chartered, Citibank, HSBC or Barclays. These banks usually have the manpower and resources to get the lowest prices and the widest selection on those products.
Globaleye is good for the following- If you want a savings plan in the U.K/Ireland for your kids education, mortgage assistance, and you plan to return home for retirement, they are fine for that. Ask lots of questions, and like you shop for cars- try and get quotes from other brokers in town as well who would be happy to try and earn your business.
If you have assets over $500K+ (AED 2M+), lots of properties worldwide, issues like wills/estate planning for blended families (step-children,alimony payments etc) investments from multiple tax jurisdictions, or want to live somewhere else after retirement, they are not the people you should be looking for, and its best if you speak to a professional lawyer or accountant.
As mentioned above, globaleye has very limited resources when compared to a bank who have traders, research analysts etc, so their portfolio overview over coffee is very basic and revolved around the products they sell. Again, take a second opinion before signing anything.
Their advice is usually best for U.K expats, and their India/Canada/Australia/Africa desk is weak or non-existent in most cases, so again, look for experts in your home country or the rep office in the U.A.E of that financial institution
Hope this helps!!
Pls do not respond to any meeting request like this anyway.....since this is the way where these companies get you involved to shell out money.
Elsewise, you can go for coffee (if you like to give it a try)
and do not give any financial information about yourself...
best of luck!!