FECIF - The European Federation of Financial Advisers and Financial Intermediaries
  • SAVE THE DATE // 10/DEC/2015 // SAVE THE DATE
  • 2nd EUROPEAN FINANCIAL CONFERENCE 2015
  • 10 DECEMBER 2015 // BRUSSELS, BELGIUM
  • »SOCIAL WELFARE IN TIMES OF ECONOMIC STAGNATION:«
  • Can smart regulation stimulate private pensions?
  • 10th DECEMBER 2015 // Renaissance Hotel, BRUSSELS (BE)
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Przedmioty dzialania

Our Objectives

Adviser:

An Independent Adviser or intermediary is defined as an individual who, not being attached to any supplier, is capable of examining with his/her customer - in complete freedom - the advisability of selecting a particular product or service from the range of products and services available on the market.

  • an Adviser acts as a service provider for his or her client
  • he/she is fully independent by nature, and an Adviser is required to offer absolutely impartial advice
  • an Adviser is remunerated exclusively by his or her client
  • an Intermediary can be independent (Broker) and he/she is to act either as a representative of his/her customer, or as a supplier of a product and/or service

Agent:

An intermediary is an agent if he/she is remunerated by the supplier whose product or service is proposed;

  • the majority of European intermediaries represents between 3 and 5 product or service suppliers; they can hold several mandates (multi-tied agents)
  • although a multi-mandated Intermediary cannot provide his or her customer with whole of market advice, the latter still has access to a selection of products and services. This is in excess of what an Intermediary who is single-mandated (representing only one product and/or service supplier), is able to offer, since in that situation there is obviously no choice offered

Advisers and Agents have joint obligations:

  • to ensure the adequacy of their working capital with the necessary infrastructures for providing quality assistance for their clients/customers
  • to be covered by a professional civil liability indemnity insurance
  • to have the requisite experience, training and qualifications
  • to be placed under the supervision of a public supervisory body

 

 

 

 

 

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Fédération Européenne des Conseils et Intermédiaires Financiers (FECIF)
“Generali” Tower - Business Centre
Avenue Louise 149/24
B-1050 Brussels
BELGIUM

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