Whereas, for offshore, where these laws do not exist, the reverse is true. To be safe, you as the client should make sure that you know your adviser . Make sure that your adviser has professional indemnity insurance. This should pay compensation if you are given bad advice. Remember, it is your adviser making the recommendations and if you complain to an institution in future, they will invariably refer you back to your adviser.
Many financial advisers visit expatriates in cities all over Asia.
Fortunately, Malaysia is one of the only countries in the region where rules governing financial advisers exist and licences can be obtained, so if a company is serious about doing business here, they will set up legally. Size Matters Easy to say, but it is an inalienable truth. The older and more highly capitalised the organisation you deal with, the greater the chance they ll still be around when you need them next. Truly international firms are often able to maintain their service to you when you move on or go home. There are always exceptions to this rule, and a dwindling number of one man bands quietly get on with doing a good job with limited resources but a wealth of experience.