Financial advisor - who is he? and who am I?
Friends, it so happened that my hobby and blog became my profession. Of course, this was originally my goal, to which I went progressively. I think it's great when you like your work.
Today I want to figure out who “Financial consultants” are when we talk about the area of insurance and how they differ. And also, what other consultants are there and what they need for this.
Activities that require an IHK license.
Versicherungsvertreter - a representative of one or more companies, an insurance agent. Like a representative Allianz or Barmenia. As well as representatives of various associations that work with several companies.
Their plus and minus is that they know the products of their company/s well and can only offer it.
Their services are free
They receive remuneration from the company after the conclusion of the contract
They may have their own license to carry out their activities or operate under the license of their company.
And such 74%, according to data from 01.2021
🟢 Versicherungsmakler is an insurance broker. Acts as a universal independent consultant in the interests of the client, working with all companies in the market.
Their plus and minus is that they can work with all companies in the market and choose the really best offer for the client. As of 2020, there were 523 registered insurance companies.
In this connection, the process of choosing the best is really complicated.
🔸 Their services are free
🔸 They receive remuneration from the company after the conclusion of the contract
🔸 They must have their own license to carry out their activities
📌 And there are about 14% of them
🟢 Versicherungsberater is an insurance consultant. Acts as a universal independent PAID consultant in the interests of the client, working with all companies in the market.
Their plus and minus is that they can work with all companies in the market and choose the really best offer for the client.
🔸 Work in the interests of the client and are not associated with any company
🔸 Services are paid
🔸 They must have their own license to carry out their activities
📌 And there are only 0,2% of them
✔️ You can check any "financial advisor" in the official IHK registry:
If it is not there, then this employee is prohibited from consulting and offering financial services.
I chose the Versicherungsmakler path for myself with a 34d license.
🔷 I find the best options on the market
🔷 My services are free for you
🔷 I do not depend on any company and should not promote the product of any particular company
And as you know, I decided not to stop there.
✅ And now I have received a new license 🟢Immobiliardarlehensvermittler - a real estate loan broker, with which I can now help you.
There are further development plans, but about them later.
Valery Melekh
