A lady had inherited. She wanted to use it to fulfill a few small wishes and go on a sabbatical for a year. The majority of the money, however, they wanted to invest in a safe retirement plan. She went to get advice.
Her bank advisor of many years recommended a safe time deposit product to her, everything else would be much too unsafe in her situation. A real estate agent, on the other hand, advised her to buy a rented property, "concrete gold" being the best investment after all. Her insurance agent offered her a classic pension insurance so that she would receive a guaranteed pension for life.
The end of the story?
She finally went to an independent advisor who could advise her objectively and neutrally on all options.
Her sabbatical lasted two years and she continues to be very satisfied with the decisions made ..
In financial consulting, there are basically two models: commission-based and fee-based consulting. The main difference lies mainly in the type of remuneration for the advice provided.
Commission-based advice
In the case of financial advice on a commission basis, remuneration is in the form of a brokerage/commission at standard market rates. A commission is included in the brokered product, which the client pays indirectly.
Fee-based consulting
In the case of fee-based financial advice, remuneration is in the form of a fee that can be agreed freely. No brokerage/commission is included in the brokered product, the client pays a direct fee.
At Strategos Consulting, we do not make a blanket, a priori statement in favor of a consulting model. Both models have their advantages and disadvantages. Therefore, we present both forms of compensation to you neutrally and determine together with you which is the individually right model for you. This is what we mean by maximum freedom of choice and transparency.
Regardless of the desired form of compensation, the quality of our advice changes .
nothing at all!
Financial advice
The options for getting "advice" on finances are extremely diverse: bank advisor, insurance agent, investment advisor, insurance broker, multiple agent, fee-based advisor, retirement planner, etc. to name just a few. The variety of terms and the list of players are almost endless.
In the case of financial advice, it is therefore particularly important to know the individual differences in detail. Because the result of a financial advice is dependent on the type of advisor. Therefore, when choosing an advisor, it is important to pay attention to his legal status and other quality characteristics.
Central is the distinction between dependent and independent financial advice:
In dependent financial consulting, the focus is on product sales on a commission basis. This is especially true for representatives of banks and insurance companies, large financial distributors, etc. the case.
Independent financial advice is possible with a broker or fee-based advisor. Legally, brokers are even obliged to find the optimal solution for each client. Good brokers offer advice on both a commission and fee basis.
There are many ways to get financial advice: bank advisor, insurance agent, investment advisor, insurance broker, multiple agent, fee-based advisor, retirement planner, etc. just to name a few. The variety of terms and the list of players are almost infinite.
When it comes to financial advice, it is therefore particularly important to know the individual differences in detail. Because the result of a financial advice is directly dependent on the type of advisor. Therefore, when choosing an advisor, it is essential to pay attention to his legal status and other quality characteristics.
Central is the distinction between dependent and independent financial advice:
In the case of dependent financial advice, the focus is on selling products on a commission basis. This is especially the case with representatives of banks and insurance companies, large financial distributors, etc. the case.
Independent financial advice can be obtained from a broker or fee-based advisor. Brokers are even legally obligated to find the optimal solution for each client. Transparent brokers offer advice on both a commission and fee basis.
Fee-based consulting
Fee-based consulting is an alternative to the widespread commission-based financial consulting. As with a usual financial advice, a fee consultation also usually focuses on only one topic, such as z.B. Investment, retirement provision or real estate financing.
Compared to traditional financial consulting, fee-based consulting can be the right choice. This decision depends, as always in life, on the individual case.
Financial or fee-based consulting, with us you have the free choice. We will present both models to you in detail and work out together which model comes into question. This means for you: transparency and freedom of choice.
The undisputed supreme discipline in fee-based consulting is financial planning, also known as private financial planning. Financial Planning is a holistic consulting service for private households, freelancers and entrepreneurs/self-employed persons. The aim is to develop a comprehensive and strategic financial plan that is geared to the future.
At Strategos Consulting, you can receive fee-based advice on a single topic as well as holistic financial planning.
Fee-based advice is an alternative to the widespread commission-based financial advice. As is the case with standard financial consulting, fee-based consulting usually focuses on one topic only, e.g., financial planning.B. Investment, retirement planning or real estate financing.
Compared to traditional financial advice, fee-based advice may well be the right choice for you. This decision depends, as always in life, on the individual case.
Financial or fee-based consulting, with us you have the free choice. We present both models to you in detail and work out together which model comes into question. This means for you: transparency and freedom of choice.
The king discipline in the fee consultation is the Financial Planning, also private financial planning mentioned. Financial Planning is a holistic consulting service for private households, freelancers, entrepreneurs and self-employed persons. The goal is a comprehensive and strategic financial plan that is focused on the future.
We offer fee-based consulting on a single topic as well as holistic financial planning.