The financial planning Office Niklas & Lehmann informed on the essential aspects of independent asset management and investment advice on a pure fee basis. According to a new study commissioned by the Federal Ministry for consumer protection, German investors annually lose Berlin – between 20 and 30 billion euros by false and Commission-driven advice. The current financial market crisis has revealed again these deficits: \”too often the confidence of investors in the Council by financial intermediaries will be disappointed, for example if, under the guise of competence and seriousness sold unsuitable investments as a secure investment for the retirement\”, said German consumer Minister Aigner on December 22 in Berlin. \”That is not acceptable. \”The interests of consumers should be at the forefront – and not reaching business-internal sales goals by banks or other Commission-oriented financial institutions.\” To test and improve the distribution structures of financial products the Federal Ministry has therefore the study requirements Financial intermediaries more, better quality decisions\”at the research and consulting firm Evers and Jung in order given. The results now contain valuable information and insights about existing protection gaps.
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 advice and then converts the results with other providers. \”In other countries a such so-called honorary consulting is already significantly more common than in Germany.\” exactly this pure ‘ honorary Consulting we offer our customers since more than two years. \”explains Ulf Niklas, Managing Director and general partner of financial planning Office Niklas & Lehmann oHG in Berlin-Grunewald and Berlin-Mitte. As one of the first pure honorary consultant on the German market at all, we therefore welcome the Results of the new study very. It shows that we have gone the right way from the outset.