Fee-based advice. In Wiesbaden, Frankfurt and Mainz, or nationwide.
Certified financial planner. | Including permission: fee-based financial investment advisor.
What does fee-based consulting mean to us?
Fee-Based Consulting is a consulting service provided by an independent and optimally qualified advisor (service provider).
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A fee-based consultant is compensated solely by a fee from the clients (consumers). This means:
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No additional compensation from third parties occurs.
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There are no business ties to product manufacturers (financial service providers, companies).
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In fee-based consulting, you can thus expect a service that is entirely in your interest.
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However, you should consider the following:
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On one hand, there is not a "financial advisor" on equal footing, such as in comparison with independent and certified tax or legal advisors. Unfortunately, there is a wide variety of qualifications and accreditations to evaluate.
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The term fee-based consultant, as such, unfortunately does not provide an answer regarding the qualifications of the advisor. You should carefully consider which "fee-based consultant" you choose based on their theoretical qualifications and practical experience.
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For this reason, we aim to create transparency and trust for our clients: we are a qualified, i.e., accredited and certified financial planner of the Financial Planner Standards Board e.V. (FPSB e.V.).
This means we operate according to established consulting principles and adhere particularly to ethical guidelines.
Thus, if you desire a "financial advisor" on the aforementioned equal footing, the mentioned accreditation and certification can offer you the best possible approach from our perspective.
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On the other hand, fee-based consultants or fee-based consulting in the area of financial services is unfortunately not really protected under German law, so you should also carefully consider which consultant or "potential fee-based consultant" you choose.
As a financial planning fee consultant, we are also registered with the Association of German Fee Consultants.
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Here’s more on the following:
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Purest Form of Fee-Based Consulting
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A purely strategic financial, thematic, or project planning by a qualified, i.e., accredited and certified financial planner can only take place on a fee basis, i.e., fee-based consulting. This initially has nothing to do with implementation, i.e., with specific products and their placement.
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Only after the completion of this strategic financial, thematic, or project planning can the subsequent implementation of a plan, including concrete recommendations for product types, products, and possibly their placement, as well as any subsequent support, take place, such as in investment consulting or asset management.
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Thus, it can be claimed that financial planning represents the "purest form" of fee-based consulting (consultant level), particularly due to its clear legal separation between consulting and product recommendations and placements.
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Value Added of Financial Planning Fee Consulting:
Individuality.
Our holistic financial planning advisory approach on a fee basis offers individuality (customised solutions) and seriously individualised, i.e. better and more efficient financial decisions based on your individual financial, thematic or project plan.
Efficiency.
Because of our profession, we work on the efficiency of your financial plan every day.
The starting point is also your cost efficiency. Clarity and transparency give us the best possible overview of the costs incurred and the best possible efficiency (total cost ratio).
With us, you will also learn the difference between costs and investment costs.
However, we also work with the same intensity on the investment, tax and behavioural efficiency of your financial plan.
Time.
Our fee-based counselling will guide you towards your goals.
For a happier, healthier and more prosperous life (quality of life).
More:
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Confidence.
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Inner peace (financial).
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Success | Feeling of having achieved something.
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Confidence.
We strive for your financial happiness.
Your fee-based financial planning advisor.
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Carsten R. Streb | EMBA.
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Fee-based consulting. Implementation.
financial, topic plan or project.
Our financial planning approach, along with our many years of theoretical and practical experience, enables us to provide our clients with comprehensive financial advice.
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Furthermore, Carsten R. Streb e. K. holds the necessary licenses in the area of investments, specifically:
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Fee-Based Financial Investment Advisor § 34h (1), page 1 numbers 1–3 (Trade Regulation Act)
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We are one of only about 300 fee-based financial investment advisors in Germany. This means that the implementation and mediation of your investments, as well as the advice provided, are on a fee basis. Carsten R. Streb e. K. does not receive any other compensation for this.
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Regardless of the compensation, the sole interest of our clients is the determining factor in our advice and recommendations.
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Additional Information | Particularly for Legal Clarification (explicitly for our competitors):
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In our profession and overarching service of financial planning, as well as the subsequent investment and asset consulting and management, we are:
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Free from conflicts of interest and independent.
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As we provide comprehensive advice based on your needs—covering also insurance matters (insurance investments, biometric, private, and business risks) and credit matters (business loans, real estate loans, etc.)—we currently do not provide services as insurance advisors § 34 (2) (Trade Regulation Act) and/or real estate loan advisors § 34 (Trade Regulation Act) in those areas.
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This means that, legally speaking, we are not yet completely free from conflicts of interest and therefore not fully independent in these respects.
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Why this is the case and why this may actually be a reason for many of our trusting clients to work with us is something we would be happy to explain during an introductory meeting.
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We look forward to getting to know you.
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We are financial planners and advise you in every phase of your life. Let us clarify together:
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Where do you stand?
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What do you really value (profiling)?
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Where do you want to go (your personal goals, i.e. wishes and needs and their prioritization)?
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How do you get there?
Our fee-based financial planning (fee-based consulting) follows a clear process:
Fee-based consulting. | Consulting process.
1. getting to know each other.
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We start with getting to know each other in person or digitally
This only costs you and me our time.
The aim of our meeting is to get to know each other personally and to establish your goals, expectations and clarify your individual questions about a possible collaboration.
4. Your Financial Plan
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During your financial planning, we provide you with fundamental knowledge so that you can follow your steps step by step and subsequently make informed and clear decisions regarding your finances.
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Of course, we are happy to work closely with your legal or tax advisors throughout this process.
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To this end, we utilize high-quality financial planning software and, due to our ongoing education, the latest scientific findings in financial planning and financial sciences.
2. Definition | Mandate
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Your individual goals, expectations, and questions form the basis for our potential future collaboration (holistic or project-oriented). We will also agree together on which compensation model is in your interest and best serves your goals and expectations.
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Subsequently, we will establish the framework for our collaboration, i.e., the mandate with the service you desire (clarification of the assignment) — documented in writing:
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Your individual service agreement.
5. Implementation
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Optional — that is, if you wish, we will also implement your financial, thematic, or project plan after the design phase, with and for you (realization).
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If you do not wish for a joint implementation, your financial planning will conclude after the presentation of your financial plan/project plan, and you will have all the necessary information for everything further.
3. Start | Financial Planning
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Your financial planning begins with data collection.
For this, we can offer you a digital shared client folder.
Once we have all your data, we can start with the analysis (including client profiling).
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After this analysis (current state), we will design your individual financial or project plan | concept (target state).
Of course, we will not only consistently address your questions, but we can also collaboratively develop your optimal and efficient financial or project plan.
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Subsequently, we will present your financial plan (possibly including one or more scenarios) and the resulting clear, concrete recommendations | solutions.
6. Support
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Optional — that is, if you wish, we are happy to accompany you individually, both holistically (financial plan) and project-oriented (project plan).
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You will have a personal advisor who consistently supports you and offers regular follow-ups (monitoring), continuously updating your financial plan and solutions (including the review and evaluation of solutions, along with reporting).
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We also provide our clients with access to the CRS Cloud and app free of charge, allowing you to maintain a clear financial overview and enabling you to initiate everything digitally with e-signatures in a timely manner.
