PFM was recommended to me 18 months ago. They declared the costs and fees that my previous advisers were charging. I was astounded. They restructured my affairs and saved me over £7000 a year.
F. Paige Jones - Lisbon
I have lived in Portugal a long time. I have been approached by many financial firms whilst here, always looking to "sell" investment products. PFM are different. They recommend what is right for you and offer options. Open, friendly and trustworthy.
J. D - Vale do Lobo
Highly recommended. Seen the others, and there is no comparison. I now refer my friends. Need I say more?
P. Christian - Lisbon
I hope all is well with you. I must say thank you for moving my pension. It has made more money in 6 months with you than it did in 3 years with my previous Algarve financial advisers.
K. Millington - Algarve
We are extremely happy with the services provided. Have known the advisers there and been a client of theirs for several years, I would recommend them to anyone.
W. Leonard - Quinta do Lago
Friendly and efficient. Private Fund are a delight to work with and nothing is too much trouble. If you are a UK expat, you will need Private Fund to guide you.
B. Fillery - Alvor
Fee based financial & tax advice
We do not sell or recommend commission paying products.
99% of financial advisers in Europe are remunerated by commissions and commission paying products. This commission is recouped from high charges that you, the investor pays. We charge our clients fees which in turn means that you get low cost investment accounts and investment management, resulting in better capital returns for you.
Commission Agent v Fee Adviser - £250,000 investment at assumed yearly return of 6% over 10 Years
"No tax on pension income"
Find out more about Portugal's Non Habitual Resident regime.
Yes. We offer true independent financial advice. We are not connected to any financial institution, financially or otherwise. In addition, our services are rendered on a fee basis, and thus, we do not rely upon commissions that are paid by investment companies. Therefore, we are not dependent upon these companies, as other financial advisers are.
Why do you charge fees?
All other European financial advisers get their remuneration from commissions paid to them by the investment companies. This commission is derived from the charges levied on your invested capital. These charges can be extremely high, often as much as 4% per annum and sometimes more. These high charges will impede your capital return. Furthermore, an investor may also suffer redemption penalties as high as 10% of their capital value if they want to access their capital in the short term.
We prefer to charge fees, so that our clients get the most economical charges with the investment companies, attain optimum investment returns, and at the same time avoiding exit redemption penalties on their capital.
How secure is my capital?
We only recommend financial institutions that operate with segregated client accounts and where client assets are "divorced" from the assets and liabilities of the financial institution. Therefore, in the unlikely event that one of our recommended financial institutions were to enter into insolvency, your capital is protected.
We adopt further caution as to where these financial institutions are based. For example, we do not recommend any financial institution operating from countries such as Portugal, Spain, Luxembourg or Liechtenstein, as insolvency laws in these countries dictate that client assets form part of the insolvency procedures. We therefore avoid institutions in these countries as we do not want our clients to become part of the mass bankruptcy proceedings of any financial group.
Where are you regulated and by whom?
We are regulated in Portugal by the ASF and in the UK by the Financial Conduct Authority.
For the British expatriate, financial planning will involve financial aspects in both the UK and Portugal. Therefore, a firm regulated to provide financial and taxation advice and management advice in these two countries can be the optimal situation for UK expatriates.
We are one of few advisory firms that possess such regulation and one of very few firms that are regulated in the country that we operate in.
Which financial institutions do you recommend?
We recommend many. With all, we conduct and continue to conduct our due diligence on each to ensure that these financial institutions are financially viable. Some of the financial institutions that we recommend have been in business a long time, one such UK company being established in 1742 - 276 years ago.
Weekdays: 9.30 am to 5.00 pm
Private Fund Management is an authorised representative of Abana Lda, authorised and regulated by the Insurance and Pension Funds Supervisory Authority in Portugal (“ASF”) with registration number 412378472 and subject to limited regulation by the Financial Conduct Authority (“FCA”) number 597069.