frequently asked questions

Why use an Independent Wealth Manager?

Independent Wealth Managers have a duty to act in your best interests and to provide unbiased advice on the most suitable service or product for your personal circumstances from a range of different companies. By contrast, the advisers employed by insurance companies, banks or building societies are often “tied agents”, and their interests are aligned with the financial institution.

Why use Joseph Oliver Group?

We are enthusiastic about all our clients and hope you will find our approach both proactive and combining practical advice with a highly personal delivery particularly regarding an individuals unique circumstances.

We are fully authorised and regulated to operate throughout Portugal,the UK and Spain under the Instituto de Seguros de Portugal, the Financial Services Authority in the UK and the CNVM in Spain.

What will it cost me?

• An initial meeting. This will usually be without charge or obligation. Ongoing costs are discussed at that time.
• Financial Planning clients will receive a detailed report. The report, and a follow up meeting, are charged at a fixed fee which will be agreed with you prior to any work being undertaken.
• Implementation usually requires transactions with financial institutions, where fees are payable either by you directly, or if you prefer, by the chosen financial institutions. The level of transaction fees depends upon the size and number of transactions.
• Wealth Management clients benefit from our review service. Fees for the review service are either expressed as a percentage of the assets under management or as a fixed amount.

What happens if my current needs change?

We believe it is important to understand the 'bigger picture', so we can offer you more targeted advice to support you and your objectives. We want to help our clients succeed and, over the years, we have developed a wide range of services to assist them as their circumstances dictate and evolve.

Should I use a private bank instead?

You can, but there is a long history of banks that have failed and compensation only covers up to €100,000.