Fee-Based Consulting | Mainz am Rhein.
Fee-Based Financial Investment Advisor.
What is fee-based consulting?
Fee-based advisory is a consulting service provided by an independent and optimally qualified advisor (service provider).
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A fee advisor is compensated solely through a fee paid by the clients (consumers). This means:
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There are no additional payments from third parties.
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There are no business entanglements with product manufacturers (financial service providers, companies).
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With fee-based advisory, you can expect a service that is purely in your interest.
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However, you should consider the following:
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On one hand, there are no financial advisors on equal footing, such as independent and qualified tax or legal advisors. The term "fee advisor" does not provide an answer regarding the advisor's qualifications. Unfortunately, there is a wide variety of qualifications in the financial sector. You should carefully consider which advisor you choose based on their theoretical qualifications as well as practical experience.
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On the other hand, fee advisors or fee-based advisory services in the financial sector are unfortunately not necessarily protected under German law. Therefore, you should also carefully consider which advisor or "potential fee advisor" you choose.
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We still want to create transparency and trust for our clients. For this reason, we are qualified, i.e., accredited and certified financial planners of the Financial Planner Standard Board e. V. (FPSB e. V.).
This means that we work with established advisory principles and adhere particularly to ethical rules.
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The Purest Form of Fee-Based Advisory
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A purely strategic financial, thematic, or project planning by a qualified, accredited, and certified financial planner can only take place on a fee basis, i.e., fee-based advisory. This is initially unrelated to implementation, i.e., specific products and their mediation.
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Only after the completion of this strategic financial, thematic, or project planning can the subsequent implementation of a plan with specific recommendations for product categories, products, and possibly their mediation and subsequent support (e.g., in investment or asset advisory) take place.
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Thus, it can be claimed that financial planning represents the "purest form" of fee-based advisory (at the advisory level), especially due to its clear legal separation between advisory and product recommendations and mediation.
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Fast Facts: Fee-Based Advisory at Carsten R. Streb e. K.
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Carsten R. Streb e. K. offers financial planning (advisory) for individuals and legal entities.
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An analysis of your individual life planning, your financial situation (current), and your financial goals (target) forms the basis of our collaboration.
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We develop your individual financial plan, thematic plan, or individual financial projects.
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Carsten R. Streb e. K. provides these services as fee-based advisory and does not receive any additional compensation (commissions, etc.) from third parties.
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Value Added by Fee-Based Financial Advisory:
Individuality.
Our holistic financial planning advisory approach, based on fees, offers individuality (tailored solutions). Truly individual, meaning better and more efficient financial decisions based on your personal financial, thematic, or project plan.
Effizienz.
Aufgrund unserer Profession arbeiten wir tagtäglich an der Effizienz Ihres FinanzPlanes.
Ausgangsbasis ist auch Ihre KostenEffizienz. Wir erhalten durch Klarheit und Transparenz einen bestmöglichen Überblick über anfallende Kosten und die bestmögliche Effizienz (GesamtkostenQuote).
Lernen Sie bei uns auch den Unterschied zwischen Kosten und Investitionskosten kennen.
Allerdings darüber hinaus arbeiten wir in gleicher Intensität an der Anlage-, Steuer- und VerhaltensEffizienz Ihres FinanzPlanes.
Zeit.
Unsere HonorarBeratung führt sie an Ihre Ziele.
Für ein glücklicheres, gesünderes und wohlhabenderes Leben (Lebensqualität).
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Mehr:
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Vertrauen.
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Innerer Frieden (Finanziell).
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Erfolg | Gefühl etwas erreicht zu haben.
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Zuversicht.
We strive for your financial happiness.
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Your fee-based financial planner.
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Carsten R. Streb | EMBA.
Implementation of Your Fee-Based Advisor. Financial, Thematic Plan, or Project.
Our financial planning approach, along with our extensive theoretical and practical experience, allows us to advise our clients comprehensively in the areas of investments, insurance, credit, and real estate.
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Carsten R. Streb e. K. holds the necessary permits (licenses):
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Investments
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Honorary Financial Investment Advisor § 34 h Paragraph 1, Page 1 Numbers 1 – 3 (Trade Regulation Act)
This means that the implementation and mediation of your investments, as well as the advice, are provided on a fee basis. Carsten R. Streb e. K. does not receive any other compensation for this.
Insurance and Credit
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Insurance Broker § 34 d Paragraph 1 (Trade Regulation Act)
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Real Estate Loan Broker § 34 i Paragraph 1 Sentence 1 (Trade Regulation Act)
This means that Carsten R. Streb e. K., in addition to mediating insurance products for a fee or providing mediation-independent advice on a fee basis (in individual cases), can accept commissions from third parties, such as product providers (insurance companies, banks, etc.), as agreed with the client, acting as a traditional broker.
Regardless of the fee structure, the sole interest of our clients is decisive for our advice and recommendations.
For clarification, we currently do not provide services as an insurance advisor § 34 Abs. 2 (Trade Regulation Act) or as a real estate loan advisor § 34 (Trade Regulation Act).
If you have any questions, please feel free to reach out.
We are financial planners and advise you at every stage of your life. Let’s clarify together:
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Where do you stand?
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What do you truly 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 will you get there?
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Our fee-based financial planning (fee consulting) follows a clear process:
Fee-Based Consulting | Consulting Process.
1. getting to know each other.
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We start with a personal or digital meeting
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 will provide you with fundamental knowledge so that you can follow your steps—step by step—and make informed and clear decisions regarding your finances.
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We are more than happy to collaborate closely with your legal or tax advisors throughout this process.
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To assist you, we utilize high-quality financial planning software and apply the latest scientific insights from the fields of financial planning and finance, thanks to our ongoing training.
2. definition | Mandating
Your individual goals, expectations and questions form the basis for our possible future collaboration (holistic or project-orientated).
We also work together to agree which fee model is best for you and your goals and expectations.
We then set the framework for our collaboration, i.e. the mandate with the service you require (clarification of the mandate) - set out in writing:
Your individual service agreement.
5. Umsetzung
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Optional - das heißt, wenn Sie dies wünschen, setzen wir Ihren Finanz-, Themen oder ProjektPlan nach der Konzeption auch mit und für Sie um (Realisierung).
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Sollten Sie keine gemeinsame Umsetzung wünschen, endet Ihre FinanzPlanung nach der Präsentation Ihres FinanzPlanes / Ihres ProjektPlanes und Sie haben hiermit die notwendigen Informationen für alles Weitere.
3. Start | Financial Planning
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Your financial planning begins with data collection. We can offer you a shared digital client folder for this purpose. Once we have all your data, we can start the analysis (including client profiling).
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After this analysis (current state), we will conceptualize your individual financial or project plan (target state). Of course, we will continuously address your questions and work with you to develop the best and most efficient financial or project plan.
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Subsequently, we will present your financial plan to you (potentially including various scenarios) along with clear recommendations and solutions derived from it.
6. Support
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Optional — meaning, if you wish, we are happy to provide you with individual, holistic support (Financial Plan) as well as project-oriented assistance (Project Plan).
With us, you have a personal advisor who consistently accompanies you and offers regular follow-ups (monitoring) to keep your Financial Plan and solutions up to date (including the review and evaluation of solutions with reporting).
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We also offer our clients free access to the CRS Cloud and App, allowing you to maintain a clear financial overview and manage everything efficiently with digital e-signatures.
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Additionally, for certain clients, we provide a financial secretariat service.
Fee models.
Fee-based counselling in Mainz am Rhein.
We stand for individuality and clarity. You can also expect this from our fee structures.
However, we are in Germany, and thus, a certain complexity comes with it:
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We would like to clarify the following for you.
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"What costs nothing is worth nothing." | Albert Einstein.
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We advise you solely based on your interests; for this reason, our financial, thematic, and project planning is a fee-based consulting service. You honor me on a fee basis as your accredited and certified financial planner (in the near future) from the Financial Standard Planning Board e.V.
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Ultimately, you are investing in your finances, yourself, and the achievement of your financial goals!
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As a fee-based financial planner, we aim to provide you with a foundation for informed and efficient financial decisions, so you can best achieve your goals.
Based on your personal inquiries (financial, thematic, or project plan), we will collaboratively find the appropriate fee structure from our following options:
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Fee Structures.
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Our services are as individualized as you are. In addition to basic financial planning services (consultant level), we can also offer comprehensive advice and implement the targeted solutions (product categories) of your plan and their products, if desired.
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That is, we can transition from advisory services: financial planning to the product level and provide you with products, if wished.
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Your Decision.
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We operate at the product level: investment, with the authorization (trade) as a fee-based financial investment advisor, allowing us to work strictly on a fee basis as a fee advisor.
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Therefore, we offer you the following fee structures at the consultant and product levels (only investments | no insurance and credit levels) tailored to your needs:
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Hourly Basis*
*Our base hourly rate for our fee-based consulting is currently €200 including VAT.
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or
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Volume Basis (Percentage)*
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or
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Based on consulting and service flat rates (absolute)
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However, in the product levels of insurance and credit, we only offer mediation as a traditional broker—not as an insurance advisor or real estate loan advisor.
This means we also mediate in the area of insurance investments on a fee basis, but we are still not recognized as an insurance advisor in this area.
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This is due to the current regulatory status (legislators) and the market, but also due to the wishes of our long-standing clients.
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Therefore, until further notice, we only offer remuneration in the product levels of insurance and credit based on:
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CourtageBasis.
We are happy to clarify any arising questions and why collaborating with us in these areas is beneficial in a personal meeting.
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In our initial meeting, we will first align on the services you specifically desire. Once we have defined the service you want, we will find the appropriate fee model for you.
This means you decide which service is right for you and which fee model suits you best.
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You will then receive an offer or service agreement from us, in which we document the agreed service and the price (fee model) for our collaboration in writing.
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I look forward to our meeting.
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Your Fee Consultant. | Your Fee-Based Financial Planner.
Your Fee-Based Financial Investment Advisor.
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Carsten R. Streb
*Tax Deductibility:
Self-employed individuals, freelancers, and entrepreneurs can deduct our consulting fees as business expenses for tax purposes.
For employees, some consulting fees may also be deductible as advertising expenses.
For this to apply, your consulting must be related to generating taxable income, which can also occur in the future.
If you have any questions, please feel free to contact your tax advisor.