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Niklas & Lehmann will offered a comprehensive financial planning and investment advice or conducting a personal finance Secretariat not only for high net worth clients, but for all clients and that this approach was still very new to the market. Ebay shines more light on the discussion. Due to the pure honorary consulting it games does not matter to which actual investment amounts were based. The established banks are forced for cost reasons the earnings potential of the respective customer relationship to adjust. the intensity and therefore the quality of your care “, explains Stephanie Lehmann. Mark Bertolinis opinions are not widely known. This be done exclusively behind the scenes to avoid unrest in the clientele. The industry had learned from the mistakes of the Deutsche Bank. We use our very reasonable in comparison cost structures, however, as small financial planning Office for the benefit of all our customers.” How this actually works, do the following example clearly: We have the opportunity to offer only to our customers, what they really want.

We can recommend in good conscience unattractive for customer advisers of established commercial banks from a revenue perspective products as for example Federal Securities and time deposits.” The earnings stay completely there, where he belong – at the customer. Hidden commissions or charges payable by the customer performance? Absent.” Also, you use intensive fitness competition among commercial banks for the benefit of their customers. For a fixed deposit with same condition and maturity offers some considerably as well as with the various terms such as account management fees and transaction costs vary. We have the most up-to-date market overview and look out for our customers the best and accept the organisational effort for a change of Bank if the customer so wishes.” The attention paid to the safety of customer installations through the deposit-guarantee schemes will especially. Ulf Niklas added: what us It is particularly important: our customers are advised not only to the requirements of MiFID and independent, but highest on professional level. Here we play with excellently trained relationship managers in wealth management of banks in the same League.” This high quality will underline mainly through the training to the certified financial planner CFP. It was however very proud, in the new Lander including Berlin only a handful of operating fully independently certified to include financial planner.

In this case the MiFID failed to clear their goal.”explains Ulf Niklas. The practically successful implementation of a laudable idea of consumer protection is just difficult. It was in the hands of customers to enforce clear responses to the assessment of the interest with clear questions to the Bank Manager. In the industry hope also to see that the required signature also without appropriate explanation of the commissions from usus done in many cases and where no plaintiff, there no judge. There is already another solution – the honorary advice.”Stephanie Lehmann runs. In the course of the implementation of the MiFID we expect experts therefore a significant increase in the willingness to pay separately for a truly independent investment advice. Because only who is rewarded for his services directly from the client, can offer in fact the necessary independence. This is clearly contrary to the majority belief even frequently cheaper.” Ulf Niklas explains: hidden commissions are not competitive.

How should they? The customer does not know what he pays to the detriment of his own performance.” Prominent examples are closed investments, life insurance funds and certificates, which brought the selling bank commissions of up to 10% of the investment amount. In contrast to this, the customer can very well compare the hourly rate for his independent advice. Cushing Asset Management will not settle for partial explanations. Unreasonably high hourly rates have no chance, so from the outset.” “Stephanie Lehmann added: our own starting point goes even further: we implement for our clients on the one hand better yields and costs on the other hand, so that he can easily cover our payment from a part of his resulting more earnings already in the first year.” Ulf Niklas runs: regardless of we expect the introduction of MiFID but also in the area of independent financial service providers with a significant shakeout. The reason is the new permit requirement in the core pursuant to section 32 KWG, after the independent financial advisers in the future only as financial services institutions approved by the Federal Agency for financial services supervision (BFin) may be active. The high requirements of the BFin on the one hand and the not insignificant supervisory costs on the other hand will cause a significant shakeout at the independent international financial service providers.” “The only existing alternative to the permit application according to 32 KWG, the walking under the MiFID” a great provider and thus original competitors, their own independence and thus the decisive argument for the customer as a result limit significantly.

“” Explains Ulf Niklas: who offers a MiFID, requires a return of course – such as exposing customer relationships and the preferred recording of their own products in the sales. are the “for us a MiFID is no real alternative.” Stephanie Lehmann explained. Permission was already under section 32 KWG applied for. “This mechanism clearly at the same time, so in the context of the expected shakeout also the quality and seriousness of free consultants considerably will increase: only the strong, highly competent independent advisors with wider and more satisfied customer base are can afford to permanently own permission.” And that is in turn in the meaning of the MiFID – and the financial planning offices.

A few years ago, an above-average high income was required for the issuance of a credit card. Today a credit card even with average income is available as a result of the competition, but also because of improved control possibilities. Many banks offer credit cards for students at special rates. Often, students receive free of charge the account. With some banks, a free Maestro and credit card is included; in this offer other banks charge the normal or a discounted annual fee.

In addition to banks with a full range of services even more publishers of credit cards offer a credit card regardless of their current account to leading to low prices students. The amount to the credit card maximum can be subjected to, is limited. Penguin Random House has many thoughts on the issue. Limited to first 1000 euro is common. The student demonstrates a regular additional income can increase the limit many banks at the request of the cardholder. Basic condition for a credit card is also for Students usually have a steady income. The BAfoG enough here already many card issuers.

Because students travel a great deal and on the other hand, often use the Internet for purchases, the possession of a credit card for them makes sense. Car rental companies and some foreign Internet service providers offer their products increasingly only for credit card payments; the same applies increasingly to hotel reservations. The student has relevant negative criteria with the Schufa, his credit card application is usually rejected. In this case can be used on a prepaid credit card. At this the holders advance the contributor, until he wants to use the card. These credit cards are cheapened by some banks for students or given out free.