Financial advisor also financial advisor
Person who assists clients with recommendations and suggestions regarding transactions on the financial market, including insurance; see also Section 676 of the German Civil Code (BGB). – A distinction is made between – persons who hold a license pursuant to Section 32 of the German Banking Act (KWG) and are supervised by the German Federal Financial Supervisory Authority (BaFin); they are almost unrestricted in their advisory activities and – persons who merely hold a business registration and a license pursuant to the German Trade Regulations (Gewerbeordnung); they are permitted to provide investment advice in relation to investment funds, but are not permitted to make recommendations on other segments of the financial market. – The term financial advisor does not include investment advisors who, as employees of an institution, make recommendations to a client. – It has been demanded for years that financial advisors of any genre must prove that they have the appropriate qualifications, as has long been the practice in the trades. – See investment recommendation, analysis, technical, analyst, complaint clustering, blog, stock market letters, direct brokerage, daimonion, domicile concealment, financial analysis, financial analysis regulation, financial analyst, financial vulture, financial firm, frontrunning, secret tip, fee-based advisor, internet forums, journalist privilege, KWG brokerage regulation, manages account, market abuse directive, employee register, evidence makery. – Cf. BaFin Annual Report 2011, p. 138 f. (in addition to investment advisors, sales representatives of institutions must also provide proof of expertise and reliability; the WpHG Employee Notification Ordinance [WpHGMaAnzV] came into force at the end of 2011: employee register must be filed with BaFin).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/