Finance broker

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Finance broker is a professional title for trade brokers ( Section 93 HGB ) who, for example, broker contracts for the purchase or sale of securities (financial titles) and for medium to long-term loans. The designation is technical, not legal in nature. Conceptually, the term financial broker is more precise than the term commercial broker and contributes to company clarity.

With effect from 1 January 2013 came § 34f Industrial Code (GewO) by the Law Amending the Finanzanlagenvermittler- and investment law in force, with the approval of the legal financial investment brokers was established. In order to broker capital investments, financial brokers, also known as financial investment brokers, require approval as financial investment brokers . Depending on the activity, approval as a finance broker or real estate loan broker according to § 34i GewO, insurance broker according to § 34d GewO and / or real estate broker according to § 34c GewO may be required.

Finance brokers work privately or as agents of various credit institutions . Sometimes there is a coupling with insurance agents; In addition to the financial brokerage business, financial advice is also operated.

Web links

Finance broker . In: Gabler Wirtschaftslexikon .

Individual evidence

^ Andreas Oehler : Finances and old-age provision . In: ders., Peter Kenning , Lucia A. Reisch , Christian Grugel : Consumer sciences : framework conditions, research fields and institutions . Springer, Wiesbaden 2017, ISBN 978-3-658-10926-4 , p. 202.

↑ Finance Broker . In: Springer Fachmedien Wiesbaden (Hrsg.): 280 Keywords corporate finance: basic knowledge for managers . Springer, Wiesbaden 2014, ISBN 978-3-658-07438-8 , p. 52.

[1] Andreas Oehler : Finances and old-age provision . In: ders., Peter Kenning , Lucia A. Reisch , Christian Grugel : Consumer sciences : framework conditions, research fields and institutions . Springer, Wiesbaden 2017, ISBN 978-3-658-10926-4 , p. 202.

[2] Finance Broker . In: Springer Fachmedien Wiesbaden (Hrsg.): 280 Keywords corporate finance: basic knowledge for managers . Springer, Wiesbaden 2014, ISBN 978-3-658-07438-8 , p. 52.