Independent Financial Adviser

The consultant for financial services is a financial career advancement training, culminating in an examination before a Commerce and Industry Chamber.

Basics

The final consultant for financial services is designed for retail financial advice. It mirrors the basic part of the specialist host for financial advice. The DIHK published by the revised framework training plan from 2004 has a circumference of 370 hours of instruction. The test Committees of Commerce and Industry Chamber set the rules for examination and approval for testing fixed itself on its own. A nationwide training Regulation entered into force on 1 August 2012. The written exam is federally stored on two test days.

Contents of the exam

The 90 -minute written exam tests consist of the following subjects:

• Banking products for private households
• Savings and real estate
• Insurance products for private households
• Basics of Economics and Business Administration
• Legal and Taxes

Furthermore, in an oral examination after successful completion of the written tests, the specialist

• Customer service and work organization

Checked in a simulated consultation.

When the new uniform federal regulation, the structure of the exam will change in the future.

Recognition in the insurance intermediary law

After the conclusion of the Insurance Mediation Regulation to technical consultant for financial services as proof of competence of insurance intermediaries shall apply if a professional experience of at least two years is present. In previous commercial training reduces the necessary professional experience to one year.