Honorary Advisor Summit

Groundbreaking event of the initiative of qualified and independent fee consultant for more transparency in financial consultancy and brokerage Berlin. The Symposium of the consumer Ministry on March 10, 2009 was not only the starting point for the quality offensive consumer finance\”; in the last few days, the posts on the discussion board filled with Minister Aigner newspapers and online services. At the same time, the quality offensive was top story in TV news. Background: According to the now much-quoted study commissioned by the Federal Ministry for consumer protection German investors lose annually between 20 and 30 billion euros due to wrong and Commission-driven advice. The current financial market crisis has revealed these deficits again.

To test and improve the distribution structures of financial products the consumer Ministry therefore had the study requirements for financial intermediaries – more quality, better decisions\”commissioned with the research and consulting firm Evers and Jung of Hamburg. As one of the Central conclusions and recommendations formulated the study: quality issues in the financial intermediation are the most efficient way to resolve if resolves the conflict of interest advice versus product sales. Ideally, the consumer buys a neutral and independent advice, and then converts the results with other providers. A such so-called honorary consulting is already significantly more common than in Germany. in other countries\”exactly for this honorary consulting are available and work we.\” Thomas Abel, Kai Drabe and Ulf Niklas, all three with own companies has long been successful as an independent fee consultant explain the initiative of qualified and independent fee consultant for more transparency in financial consultancy and brokerage worked and now ‘ representing.

Thomas Abel explains how customers can understand the arguments for an actually independent and transparent fee advice.\”. The current discussion around the quality campaign of the Federal Ministry of consumer contributes currently to a special attention effect. \” For the customer once of the advantages of the honorary Advisory convinced – unless not easy but under certain circumstances, the right ‘ to find honorary consultant.

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