Independent financial advice has become indebted financial advisors through the often precarious situation of the financial advisors of utopia of which there are many. Internally, one speaks about 50,000 agents and more. Many of the aforementioned intermediaries working in industries where it is common to have a longer time of cancellation liability, this is sometimes more than 5 years. However often in advance, many brokers get the Commission. If the customer can no longer pay his contributions, for example, for a life insurance policy, the employee is obliged to pay back the not-earned share of his Commission. We know cases where intermediaries are indebted with 100,000 euro and more.
You no longer comes out of this debt trap yet this debt trap makes it more the consultant often impossible to switch to another company. He must then sell products under circumstances which he keeps himself for risky or not suitable. Here, the legislature with a new regulation of the financial markets must counteract. Commission payment in installments is from our point of view the magic word. The broker would then only the percentage of the Commission paid out the really has earned. Thus such debt situations would have avoided largely. Moreover, free agent would have the possibility to sell so-called “cancellation-free products” such as gold, with a one-time payment and real estate funds. The tied agent could enter a temporary contracts by about 12 months. During this time, the intermediary would then have the opportunity to set up a monthly, ratierliche Provisiosnzahlung in then guaranteeing him his.