It’s vital to have financial advice in the UAE, say experts

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(The Khaleej Times)

More than seven out of 10 people in the UAE currently don’t have have a financial advisor, reveals a new research.

“Furthermore, less than half (44 per cent) of those in the top income bracket of Dh40,000 or more a month have a financial adviser, according to a survey by wealther manager Quilter and YouGov.

The survey results revealed that just 10 per cent of 40 to 50-year olds and only 12 per cent of 51 to 60-year olds have a financial advisor, which could mean that these age groups are missing out on getting advice at a crucial time in their life.

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