Filpera: Pioneering Filipino Finance in the Middle East

A total game changer!  Nathan McFarlane, Founder and CEO for Filpera of Arlo Associates sees himself spearheading financial literacy for Overseas Filipinos in the UAE.  “Filpera seeks to help the Filipinos build their future and their families’ from the ground up through proper financial planning.  Filipinos have been sold products that are not totally in line with their current financial standing, making it hard for them to create a well diversified portfolio.  We guide Filipinos toward a holistic financial health to get them ready leading up to retirement,” McFarlane passionately explains.

How did it all start?

“The idea came about when I attended a Filipino friend’s birthday party.  I’m surprised at how close-knit her family and friends are; and how eager they are to send money back home for their families’ needs and expenses. Putting their families first is one of the noblest virtues Filipinos should be proud of.  In line with this, there’s also that disconnect with regard to the mindframe on how to save and where to save.”  McFarlane candidly remembers.  

He goes on to say that most of the financial advise given to Filipinos are biased.  “Not giving clients options to choose from takes away their right to weigh which investment works out for them. The problem lies on the fact that not everyone knows the entirety of what’s being offered to them. ”

Why Filipinos and why now?

McFarlane says that Filipinos are very hardworking, but according to Social Enterprise Development Partnership Inc. 80% of the Filipinos don’t have savings. Taken that the Philippines is the third world’s largest remittance country in the world (after China and India), he said that it is surprising how many Filipinos return to the Philippines after years of working overseas without a concrete retirement plan.

With all the technologies available today, the internet plays a vital role in shaping the future of finance.  As such, there are available financial technologies such as investment platforms, foreign exchange trading platforms that are available out there but are not familiar to them.  He suggests that as expatriates, there’s an international pool of investments that they can take venture in. He continues that as global citizens, one should take a look at the importance of protection (insurance) and implications of currency volatility, inflation and factors that one might overlook when they sign up for an investment.  “Filpera aims to educate Filipinos of these technologies. Currently, there is a huge disparity of Filipinos who lack the financial knowledge. They take investments at first sight without properly scrutinizing the ins and outs of the investment.  My team calls it family referrals (investments through relatives or close friends).”

What is the Filpera brand all about?

The Filpera team is composed of internationally accredited Financial Advisors,an Asset Manager/Economist, an Associate Financial Planner, MBA graduates and professionals from different industries who understand the need for financial literacy.  He continues, “the amount of inquiries we get from Filipinos who are just starting out here in the UAE and those who have been here for decades are overwhelming. At the end of the day, it’s all about making sure that we are transparent and trustworthy while keeping the core Filipino values of respect, strong family ties, generosity and bayanihan unmarred.”

The brand’s tagline says it all Shaping the financially independent Filipino.

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Filpera is the Financial Planning Division of Arlo Insurance Brokers LLC (Arlo Associates), licensed and regulated by the United Arab Emirates Insurance Authority Registration Number 248, Dubai Economic Department Commercial License Number 730646.

Filpera is the Debt Restructuring Division of Apex Restructuring Solutions Financing Broker LLC, licensed in the United Arab Emirates under the Dubai Economic Department, License number 820214.

Filpera is a brand name of Filpera Ventures FZE, licensed in the Fujairah Creative City, United Arab Emirates, License number 12975/2018.

© 2018 Filpera. All rights reserved.