--- title: Is it worth paying for a financial advisor in Dubai? description: If you are wondering whether to hire a financial advisor in the UAE or manage your money yourself, this post can provide some insights. image: https://www.financialplanningindubai.com/hubfs/Is%20it%20worth%20paying%20for%20a%20financial%20advisor%20in%20Dubai-2.png --- [![Financial_Planning_in_Dubai_logo](https://www.financialplanningindubai.com/hs-fs/hubfs/Financial%20Planning%20in%20Dubai%20Logo_9090-2.png?width=90&height=90&name=Financial%20Planning%20in%20Dubai%20Logo_9090-2.png "Financial_Planning_in_Dubai_logo")](https://www.financialplanningindubai.com/?hsLang=en-gb) - [Home](https://financialplanningindubai.com/) - [Blog](https://www.financialplanningindubai.com/blog) - [Services](https://www.financialplanningindubai.com/services) - [Islamic Investments & Takaful Plans](https://www.financialplanningindubai.com/blog/salama-hyat-plus-takaful-plan) - [Medical Insurance](https://www.financialplanningindubai.com/blog/topic/medical-insurance) - [Free Resources](https://www.financialplanningindubai.com/free-finanical-tools) - Tools - Calculators - [S&P 500 Investment Calculator](https://financialplanningindubai.com/sp-500-investment-calculator/) - [Life Insurance Calculator](https://www.financialplanningindubai.com/life-insurance-calculator) - [SIP Calculator](https://financialplanningindubai.com/sip-calculator/) - [Lumpsum investment calculator](https://www.financialplanningindubai.com/lump-sum-investment-calculator) - [Inflation Calculator](https://www.financialplanningindubai.com/inflation-calculator-uae) - [Net-Worth Calculator](https://www.financialplanningindubai.com/blog/free-personal-balance-sheet-template-networth-statement) - [The Best Budget Planner for Expats](https://www.financialplanningindubai.com/expat-budget-planner) [Book A Discovery Call](https://www.financialplanningindubai.com/meetings/damodhar?hsLang=en-gb) # Is it worth paying for a financial advisor in Dubai? ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) 24 May 2023, 09:00:00 ###### [Financial Advisor in Dubai](https://www.financialplanningindubai.com/blog/topic/financial-advisor-in-dubai) Financial advisors in the UAE are typically compensated in one of the following ways; 1. Fees based on Assets Under Management 2. or Commission on the products distributed by them One of the above may be applicable depending on the size of your investment portfolio or the financial products you choose. ![Is it worth paying for a financial advisor in Dubai-2](https://www.financialplanningindubai.com/hs-fs/hubfs/Is%20it%20worth%20paying%20for%20a%20financial%20advisor%20in%20Dubai-2.png?width=750&height=400&name=Is%20it%20worth%20paying%20for%20a%20financial%20advisor%20in%20Dubai-2.png) ### Fees on the Assets under management Advisors would charge between 1.00% - 2.00% PA fees on the assets managed by them. The percentage depends on the amount of assets. For Eg: If you are investing $100,000, you could expect to pay between $1,000 and $2,000 per year in fees. The minimum value for fee-based investment advice is typically $100,000. Such advisors may offer Financial Planning, Investment Advisory, and Portfolio management services under this model. They would also offer; - [Holistic financial plan](https://www.financialplanningindubai.com/blog/holistic-financial-planning?hsLang=en-gb) with detailed reports. - Estate planning and seamless asset distribution systems to your beneficiaries. - Construct an initial [investment portfolio](https://www.financialplanningindubai.com/blog/how-to-choose-the-right-investment-in-uae?hsLang=en-gb). - Invest and manage the assets on your behalf. - They would also offer regular quarterly or bi-annual meetings to review and [rebalance](https://www.financialplanningindubai.com/blog/what-is-portfolio-rebalancing-and-why-it-matters?hsLang=en-gb) your portfolio. Under this model, you may invest in assets that provide income, growth, or a combination of income and growth. ### Commissions on products distributed: The commission-based model is ideal for smaller investments, such as regular savings plans and investments of less than $100,000. The products distributed under this model are typically from regional and international insurance companies which offer both insurance and investment plans. The type of compensation that is most appropriate for you will depend on your individual circumstances. If you have a large investment portfolio, then fees on assets under management may be the most cost-effective option. If you have a smaller investment portfolio, then commissions on products distributed may be a more affordable option. ### Is it worth paying for a [financial advisor in Dubai?](https://www.financialplanningindubai.com/?hsLang=en-gb) Whether or not it is worth paying for a financial advisor depends on several factors, including your budgets, goals, and comfort level with managing your own finances. If you are capable and confident, you can manage your money yourself. But if you choose to hire a financial advisor, they should ideally provide the following benefits; **Regulated:** Financial Advisors in the UAE are associated with firms licensed and regulated by relevant authorities like; the UAE Central Bank, The UAE Insurance Authority, The ESCA, DFSA, etc... Such financial advisors must maintain high transparency levels and adhere to KYC/AML regulations and service standards. Also, they work only with regulated institutions; hence you can be sure that your investments are placed with reputed and regulated institutions. #### Expert Advice: Financial advisors tend to have a wider knowledge and hands-on experience to help you make informed financial decisions. - They can help you create a [financial plan](https://www.financialplanningindubai.com/en/financial-planning?hsLang=en-gb) that meets your specific needs. Explain complex financial aspects in layperson terms. - They provide [Retirement planning](https://www.financialplanningindubai.com/retirement-planning-in-uae?hsLang=en-gb), [Child Education planning](https://www.financialplanningindubai.com/blog/top-3-child-education-savings-plans-in-uae?hsLang=en-gb), Estate planning, and wealth management services.  - They can also help you distinguish between different investment options available to you by highlighting the pros and cons. #### Save Time: Financial advisors can save you time by analyzing and summarising portfolio performance and doing your research and legwork. They can also help you find the best deals on insurance, investments, and other financial products. #### Build and Manage a Robust Investment Portfolio There are over a dozen biases when it comes to investment. Financial advisors could take a rational and emotion-free approach when helping you manage your money, thus potentially avoiding such biases. They also help you build investment portfolios tailored to your specific needs and goals, review them regularly, and rebalance them when necessary. They can also help you stay on course during adverse market and personal situations. #### Avoid the trial-and-error approach. You can avoid costly and unforgiving financial mistakes and the trial-and-error approach by hiring a qualified financial advisor. #### Reduce risk Financial advisors can help you reduce risk by diversifying your investments and by helping you make informed decisions about your investments. #### Accountability Partner Financial advisors can function as coaches/accountability partners, motivating you to build good money habits and get out of and avoid debt. Focus on regular savings and wealth accumulation. #### Help with Claims and Withdrawals Financial advisors can be helpful to you or your beneficiaries in submitting a claim and receiving it with less or no hassles. They can also help you withdraw money from your investment plans when you need them. #### To Hire or Not? **Ultimately, the decision of whether or not to pay for a financial advisor is your personal choice**. - You may not need a financial advisor if you are adept and have the time and mindset to manage your finances.  - However, if you are a busy person with little or no time/passion to manage your money or want to get the most out of your money, then hiring a financial advisor may be a good investment. #### 5 few things to consider before choosing a Financial Advisor in UAE If you are considering hiring a financial advisor, there are 5 few things you should keep in mind: - [Check for reviews on Social Media and Google](https://www.financialplanningindubai.com/testimonials-financial-advisor-in-dubai?hsLang=en-gb) - Interview a few advisors before choosing to work with one - Make sure the advisor is licensed and regulated. - Ask about the advisor's qualifications, fees, and services upfront in writing. - Understand their scope of service and limitations. **Are you looking for a financial advisor?** Connect with me to learn more about my services and how I can help you reach your financial goals. [Click here to schedule a Discovery Call.](https://www.financialplanningindubai.com/meetings/damodhar?hsLang=en-gb) ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) Author, Blogger & Independent Financial Advisor. My goal is to give you actionable tools for creating passive income and building wealth. More than 10,000 expats have already used my ideas to jumpstart their journey towards financial independence. Connect with me to start yours... Share this article on [mailto:?subject=Check%20out%20Is%20it%20worth%20paying%20for%20a%20financial%20advisor%20in%20Dubai?%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/worth-paying-a-financial-advisor-in-dubai](mailto:?subject=Check%20out%20Is%20it%20worth%20paying%20for%20a%20financial%20advisor%20in%20Dubai?%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/worth-paying-a-financial-advisor-in-dubai) ##### Read more - [The Real C-Suite – The Only Title That Matters 🏆](https://www.financialplanningindubai.com/blog/breadwinner?hsLang=en-gb) - [The Wealth Secret 99% of Investors Ignore – Will You?](https://www.financialplanningindubai.com/blog/the-iceberg-of-investing?hsLang=en-gb) - [From Risk to Reward? The Shifting Case for China Investing](https://www.financialplanningindubai.com/blog/from-risk-to-reward-the-shifting-case-for-china-investing?hsLang=en-gb) ## Further Reading [![3 reasons to include cash in your portfolio & how does it help?](https://www.financialplanningindubai.com/hs-fs/hubfs/Cash%20In%20Your%20Portfolio.png?width=300&name=Cash%20In%20Your%20Portfolio.png)](https://www.financialplanningindubai.com/blog/3-reasons-to-include-cash-in-your-portfolio-how-it-helps-to-grow-wealth?hsLang=en-gb) ###### [Cash in Portfolio](https://www.financialplanningindubai.com/blog/topic/cash-in-portfolio) ##### [3 reasons to include cash in your portfolio & how does it help?](https://www.financialplanningindubai.com/blog/3-reasons-to-include-cash-in-your-portfolio-how-it-helps-to-grow-wealth?hsLang=en-gb) Investors have a love-hate relationship with cash.  They try to sell everything, switch to cash... [Read More](https://www.financialplanningindubai.com/blog/3-reasons-to-include-cash-in-your-portfolio-how-it-helps-to-grow-wealth?hsLang=en-gb) [![Change the Way You Think about Money- Sep 16, 2017](https://www.financialplanningindubai.com/hs-fs/hubfs/Imported_Blog_Media/ChickenEgg-1024x1024-1.jpg?width=300&name=ChickenEgg-1024x1024-1.jpg)](https://www.financialplanningindubai.com/blog/2017/09/16/change-the-way?hsLang=en-gb) ###### [Financial Planning,](https://www.financialplanningindubai.com/blog/topic/financial-planning)[Parents,](https://www.financialplanningindubai.com/blog/topic/parents)[Retirement,](https://www.financialplanningindubai.com/blog/topic/retirement)[Money](https://www.financialplanningindubai.com/blog/topic/money) ##### [Change the Way You Think about Money- Sep 16, 2017](https://www.financialplanningindubai.com/blog/2017/09/16/change-the-way?hsLang=en-gb) # Change the Way You Think about Money This seminar is full of unique ideas, new concepts and... [Read More](https://www.financialplanningindubai.com/blog/2017/09/16/change-the-way?hsLang=en-gb) [![Do you need a Will in UAE? - Free Educational Seminar](https://www.financialplanningindubai.com/hs-fs/hubfs/12-1.png?width=300&name=12-1.png)](https://www.financialplanningindubai.com/blog/do-you-need-a-will-in-uae-free-educational-seminar?hsLang=en-gb) ###### [Wills and Inheritance](https://www.financialplanningindubai.com/blog/topic/wills-and-inheritance) ##### [Do you need a Will in UAE? - Free Educational Seminar](https://www.financialplanningindubai.com/blog/do-you-need-a-will-in-uae-free-educational-seminar?hsLang=en-gb) ## What is a Will? A Will is a legal document, stating how you want to distribute your wealth and who... [Read More](https://www.financialplanningindubai.com/blog/do-you-need-a-will-in-uae-free-educational-seminar?hsLang=en-gb) *Damodhar Mata | Your Trusted Financial Advisor in Dubai* ![Damodhar Mata-7-2](https://www.financialplanningindubai.com/hs-fs/hubfs/Damodhar%20Mata-7-2.png?width=119&height=119&name=Damodhar%20Mata-7-2.png) *I can help you grow wealth, gain passive income, and achieve your goals faster and with ease. * **Top Pages** - [Home page](https://www.financialplanningindubai.com) - [Best Life Insurance](https://www.financialplanningindubai.com/best-life-insurance-dubai) - [Best Investment Plan](https://www.financialplanningindubai.com/blog/how-to-invest-in-uae) - [Retirement Planning in the UAE](https://www.financialplanningindubai.com/retirement-planning-in-uae) - [FIRE Early Retirement Guide](https://www.financialplanningindubai.com/blog/early-retirement-in-uae-fire-guide) - [Best Child Education Plan](https://www.financialplanningindubai.com/childrens-education-planning) **Top Blog Posts** - [Financial Planner or Financial Advisor?](https://www.financialplanningindubai.com/blog/financial-planner-or-financial-advisor) - [How to find the Best Financial Advisor](https://www.financialplanningindubai.com/blog/best-financial-advisor-uae) - [Win With Money Challenge](https://www.financialplanningindubai.com/blog/30-days-win-with-money-challenge) - [FIRE guide for expats](https://www.financialplanningindubai.com/blog/early-retirement-in-uae-fire-guide) - [Pay Yourself First](https://www.financialplanningindubai.com/blog/how-expats-in-uae-can-grow-wealth-using-pay-yourself-first-strategy) - [Google Reviews](https://www.financialplanningindubai.com/testimonials-financial-advisor-in-dubai) **Other pages** - [About us](https://www.financialplanningindubai.com/about-us) - [Testimonials](https://www.financialplanningindubai.com/testimonials-financial-advisor-in-dubai) - [Services](https://www.financialplanningindubai.com/services) - [Contact us](https://www.financialplanningindubai.com/contact-us) --- © 2024 Financial Planning in Dubai. 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