Netfonds Group

from Wikipedia, the free encyclopedia
Netfonds Group
legal form Corporation
ISIN DE000A1MME74
founding 2000
Seat Hamburg , GermanyGermanyGermany 
management
  • Karsten Dümmler
  • Martin Steinmeyer
  • Peer Reichelt
  • Oliver Kieper
  • Dietgar Völzke
Number of employees 185
sales 93.6 million euros (2018)
Branch Financial services
Website www.netfonds.de
As of December 31, 2018

The Netfonds Group is a B2B service provider in the areas of finance and insurance on the German market. The parent company Netfonds AG was founded in 2000 by Karsten Dümmler, Martin Steinmeyer and private Hamburg merchants.

Netfonds AG has various subsidiaries that operate with different regulatory permits in accordance with the trade regulations or the banking law . The group of companies is known as the Netfonds Group.

Within the conglomerate, Netfonds AG acts as a broker pool in the permit areas of Section 34f of the Trade Regulations (permit for advising and brokering investment funds) and Section 34d (insurance broker) and, with Netfonds Financial Service GmbH, has its own at the Federal Financial Supervisory Authority (BaFin) ), registered liability umbrella with a permit in accordance with Section 32 of the German Banking Act (KWG). In addition to these permit areas and associated services, companies, typically cooperative banks and savings banks, with a status as multiple general agent can administer their insurance business via NVS Netfonds Versicherungsservice AG.

Partners of the Netfonds Group can offer their customers almost all financial market products. The business areas investment , asset management , insurance, construction financing and direct real estate are covered. The Netfonds Group provides the most modern IT processes. In 2018, the group achieved sales of 93.6 million euros and is one of the largest and most successful financial service providers in the segment of German broker pools and liability roofs.

history

The Netfonds Group was originally founded in 2000 as Netfonds24.de GmbH and was intended to act as an online discounter for financial products . The bad mood on the capital markets at the time led to a strategic realignment of the business model. This was followed by a change of name in the form of the deletion of the "24" from the name to Netfonds GmbH and at the same time an adaptation of the business idea.

Together with the entry of Peer Reichelt in 2001, Netfonds GmbH developed into an independent pool service provider for brokers , distributors, insurance companies and banks . In this context, the newly developed software and information services were taken over by the specially founded fundsware GmbH.

With the next development step, the company became its own broker pool for the investment fund business (at that time under the permit §34c GewO), with which financial brokers could submit and process transactions. Due to the increased demand in the insurance business, Oliver Kieper staffed and strategically expanded the insurance division in 2004.

In the same year the company NFS Netfonds Financial Service GmbH (NFS) was founded. The NFS is a financial services institution registered with BaFin , which acts as a liability umbrella for former bank advisors, fund managers and asset managers within the framework of Section 32 of the German Banking Act . Christian Hammer and Peer Reichelt have been managing directors of the NFS since 2005.

In 2010, the financial portfolio manager NFS Capital AG was founded in Liechtenstein with the aim of outsourcing the areas of fund management and fund advisory.

Netfonds GmbH was renamed a stock corporation in 2011 and has been called Netfonds AG since then.

In 2012, NVS Netfonds Versicherungsservice AG was founded as a multiple insurance agent. Oliver Kieper took on the leading role. Lars Lüthans has been a member of the NVS AG Management Board since 2014. In the same year, the Netfonds Group was able to acquire Hamburger Vermögen GmbH (HHVM) and, in addition to the company, also integrated HHVM's founder, Eric Wiese, as managing director . HHVM Hamburger Vermögen GmbH has a license in accordance with Section 32 KWG as a financial portfolio manager and acts in the group as a service provider for asset management strategies. In 2016 the HHVM was renamed “NFS” Hamburger Vermögen GmbH. This step was taken to underpin the affiliation to the Netfonds Group.

In 2013, the Frankfurt broker pool Argentos AG, which has been a 100% subsidiary of Netfonds AG since then, was acquired.

On May 2, 2019, Dietgar Völzke was appointed to the newly created IT director of Netfonds AG.

In January 2018, the professional real estate investment division was outsourced. To this end, the 100% subsidiary of Netfonds AG, NSI Netfonds Structured Investments GmbH, was realigned. Since then, NSI GmbH has focused exclusively on real estate for capital investment for individual investors as well as private placements and fixed-income bonds.

In May 2018, Netfonds AG took a 51% stake in the Hamburg IT specialist VDV GmbH. As a result of the acquisition, the front-end software of the Netfonds Group was supplemented by a back-end software system for insurance brokers and the financial platform was expanded. For many years, VDV GmbH has specialized in the exchange and processing of large databases in the insurance sector using the industry standards GDV and BiPRO. In addition, the VDV has a cloud-based broker management system.

In September 2018, Netfonds announced its stock market debut in the m: access of the Munich Stock Exchange. The initial listing on September 3, 2018 was at a price of EUR 29.50 per share, which corresponds to a market capitalization of around EUR 62 million. The company's shares have been tradable on the XETRA electronic trading platform of the Frankfurt Stock Exchange since September 14, 2018.

Key figures

The key figures refer to the annual financial statements of Netfonds AG. The company publishes the results of the past financial years in the electronic Federal Gazette .

Managed fund volume with fund advisory

Development of the administered fund volume:

  • 2013: € 6.95 billion
  • 2014: € 7.63 billion
  • 2015: € 8.13 billion
  • 2016: 9.30 No. €
  • 2017: € 11.84 billion
  • 2018: € 11.60 billion

Netfonds Group sales

  • 2013: € 56.80 million
  • 2014: € 71.20 million
  • 2015: € 78.30 million
  • 2016: € 78.98 million
  • 2017: € 87.42 million
  • 2018: € 94.73 million

Depots under administration & management

  • 2014: 285,313
  • 2015: 313,120
  • 2018: 400,000

Employee

  • 2013:> 100
  • 2014:> 110
  • 2015:> 130
  • 2016:> 130
  • 2017:> 160
  • 2018:> 180

Netfonds AG

As a so-called all-finance broker pool, Netfonds AG serves as a service provider for finance, insurance and finance brokers. The service portfolio of the broker pool includes: investment funds , participations , insurance , unit-linked pension schemes , building finance and building society savings .

As a broker pool, Netfonds serves the connected partners as a purchasing and interest group vis-à-vis insurance companies, banks and product providers. In addition, Netfonds AG acts as a processing company for brokers and provides various software and information offers.

Target groups are:

  • Financial investment broker in accordance with Section 34f (1) No. 1–3 Trade Regulations (GewO)
  • Fee-based financial investment advisor according to § 34h GewO
  • Insurance broker according to § 34d Abs. 1 GewO
  • Loan brokerage § 34c Paragraph 1 GewO
  • Real estate loan broker § 34 i Abs. 1 GewO

NFS Netfonds Financial Service GmbH

With more than 4.2 billion euros in assets under administration, NFS Netfonds Financial Service GmbH is the market leader and Germany's most successful liability umbrella with a BaFin license under Section 32 of the German Banking Act. The NFS works with more than 297 (as of year-end 2016) affiliated partners (tied agents) who work as independent financial advisors and can offer their customers financial instruments (including stocks , bonds , certificates , investment funds , participations ) that are subject to KWG licensing . Consultants who are considering joining the liability umbrella of the NCCR require a minimum qualification in the form of banking training, business studies or equivalent training . At the same time, they must have sustainable investment experience.

Target groups are:

NFS Hamburger Vermögen GmbH

The NFS Hamburger Vermögen GmbH is an asset manager founded in 1994 with a BaFin license for financial portfolio management §32, 1 para. 1a sentence 2 No. 3 KWG (2) and a 100% subsidiary of NFS Netfonds Financial Service GmbH. With the business model “asset management with external advisory”, NFS Hamburger Vermögen GmbH offers a pure B2B service. Investment consultants and family offices use NFS Hamburger Vermögen GmbH to conclude asset management contracts for their clients in which they can be employed as external strategy consultants. Since it was founded, the asset manager has expanded its assets under management (AuM) in the area of ​​portfolio management to over EUR 300 million.

NVS Netfonds Insurance Service AG

NVS Netfonds Versicherungsservice AG is a service company for savings banks and banks that offers financial institutions a comprehensive service for the sale of insurance products. As part of the brokerage activity within the meaning of §§ 84 ff., 92 HGB, § 34 d Abs. 1 GewO, § 59 Abs. 2 VVG, the company can support financial institutions as a multiple agent, whereby it offers its customers additional insurance solutions in addition to the dedicated network partners (so-called Valve solution). NVS AG also has a license in the area of ​​loan brokerage § 34c (1) GewO and offers banks, savings banks and Volksbanken access to the platform business in the area of ​​construction financing.

NFS Capital AG

NFS Capital AG, based in Liechtenstein , was founded in 2010 with the aim of offering wealthy private customers services in the field of capital investment. For this purpose, NFS Capital was approved as an asset manager by the Financial Market Authority in 2011. In the institutional area, NFS Capital looks after fund mandates as a fund manager. NFS Capital assumes responsibility for the control and monitoring of the funds, liquidity management and the internal and external coordination of relevant business transactions. Since 2017, NFS Capital has focused exclusively on the institutional sector and offers experienced investment advisors the opportunity to realize their own fund ideas. The area of ​​asset management for private customers was transferred to the sister company NFS Hamburger Vermögen GmbH.

NSI Netfonds Structured Investments GmbH

NSI Netfonds Structured Investments GmbH is a 100% subsidiary of Netfonds AG. Its business purpose is the purchase, preparation, development and marketing of real estate as well as participation in real estate, property developers and initiators. In addition, it offers conceptual services, advises companies and offers administration and management services for other companies.

Target groups are:

  • Volksbanken
  • Savings banks
  • Private and commercial banks
  • Bank-related sales companies

Fundsware GmbH

Fundsware GmbH is one of the information and IT service providers of the Netfonds Group and supports both the group's companies and external companies and banks. In addition, fundsware GmbH publishes and publishes publications for financial investments that are prescribed by supervisory law for financial sales to end customers.

In addition to the "basic knowledge" for investing in securities and investment funds, fundsware GmbH offers customer brochures on the subject of securities, closed-end investment funds and other capital investments .

Awards

As one of three “winners in the category: Service quality of broker pools”, Netfonds won the “German Fund Prize”, which, according to a reader survey by FONDS, is professionally awarded in eleven categories, in 2019 for the eighth time in a row.

Web links

Individual evidence

  1. ↑ a b c d e Annual Report 2018. Accessed July 12, 2019 .
  2. ↑ Finevision and Media Pilot for Cash.Online http://www.cash-online.de/ : “The market is cleaning up” . In: Financial news on Cash.Online . ( cash-online.de [accessed on February 6, 2017]).
  3. ^ BaFin: company database of financial services institutions. (No longer available online.) Archived from the original on February 6, 2017 ; accessed on January 16, 2017 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / portal.mvp.bafin.de
  4. ↑ Law on the Banking System (Kreditwesengesetz - KWG) § 32 Permission - Norm text. (No longer available online.) Formerly in the original ; accessed on January 16, 2017 .  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Toter Link / www.gesetze-im-internet.de  
  5. ↑ Products & Service | Netfonds AG. Retrieved February 6, 2017 .
  6. ↑ Finevision and Media Pilot for Cash.Online http://www.cash-online.de/ : Hit list of broker pools: Fonds Finanz at the top . In: Financial news on Cash.Online . ( cash-online.de [accessed on February 6, 2017]).
  7. ↑ Finevision and Media Pilot for Cash.Online http://www.cash-online.de/ : Haftungsdächer 2016. Accessed on February 6, 2017 .
  8. ↑ How it all began - the Netfonds story . In: Netfonds | blog . October 21, 2015 ( online [accessed February 6, 2017]). How it all began - the Netfonds story ( memento of the original from February 6, 2017 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / blog.netfonds.de
  9. ^ Company - NFS Netfonds Financial Service GmbH . In: NFS Netfonds Financial Service GmbH . ( nfs-netfonds.de [accessed on February 6, 2017]).
  10. ↑ BaFin: BaFin - BaFin company database. Retrieved February 6, 2017 .
  11. ↑ Approval of banks and financial service providers as well as payment and e-money institutions. Retrieved February 6, 2017 .
  12. ↑ Netfonds GmbH becomes Netfonds AG . In: procontra-online . ( procontra-online.de [accessed on February 6, 2017]).
  13. ↑ Netfonds history | NVS Netfonds. (No longer available online.) Archived from the original on February 6, 2017 ; accessed on February 6, 2017 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.nvs-netfonds.de
  14. ↑ B2B focus: Hamburg assets with a new name . In: Citywire Germany . ( citywire.de [accessed on February 6, 2017]).
  15. ^ Vico: Pool wedding: Netfonds takes over Argentos - finanzwelt . In: Finanzwelt . April 5, 2013 ( finanzwelt.de [accessed February 6, 2017]).
  16. ↑ Realigned subsidiary: Netfonds is expanding its range of real estate investments. Retrieved September 25, 2019 .
  17. ↑ Netfonds AG joins the IT specialist VDV GmbH. Retrieved September 25, 2019 .
  18. ↑ Netfonds AG makes successful stock market debut and prepares for the launch of the FinFire platform - dgap.de. Retrieved September 25, 2019 .
  19. ↑ Search term: Netfonds. Retrieved February 6, 2017 .
  20. ↑ Netfonds in numbers | Netfonds AG. Retrieved February 6, 2017 .
  21. ↑ Sales of the Netfonds Group. (PDF) Retrieved February 6, 2017 .
  22. ↑ Depots under management. (PDF) (No longer available online.) Archived from the original on February 6, 2017 ; accessed on February 6, 2017 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.poolsandfinance.de
  23. ↑ Number of employees. (PDF) Retrieved February 6, 2017 .
  24. ↑ Products & Service | Netfonds AG. Retrieved February 6, 2017 .
  25. ↑ Target groups | Netfonds AG. Retrieved February 6, 2017 .
  26. ↑ Armin Huber: Dynamic growth at NFS Netfonds - finanzwelt . In: Finanzwelt . October 10, 2016 ( finanzwelt.de [accessed February 6, 2017]).
  27. ^ Company - NFS Netfonds Financial Service GmbH . In: NFS Netfonds Financial Service GmbH . ( nfs-netfonds.de [accessed on February 6, 2017]).
  28. ↑ Finevision and Media Pilot for Cash.Online http://www.cash-online.de/ : Haftungsdächer 2016. Accessed on February 6, 2017 .
  29. ↑ About us - NFS Netfonds Financial Service GmbH . In: NFS Netfonds Financial Service GmbH . ( nfs-netfonds.de [accessed on February 6, 2017]).
  30. ↑ Business models - NFS Netfonds Financial Service GmbH . In: NFS Netfonds Financial Service GmbH . ( nfs-netfonds.de [accessed on February 6, 2017]).
  31. ↑ VV solutions with Hamburger Vermögen: How brokers cooperate sensibly with asset managers | dasinvestment.com . In: dasinvestment.com . ( dasinvestment.com [accessed February 6, 2017]).
  32. ^ Company - HHVM Hamburger Vermögen GmbH. Retrieved February 6, 2017 .
  33. ↑ The NVS AG | NVS Netfonds. (No longer available online.) Archived from the original on February 6, 2017 ; accessed on February 6, 2017 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.nvs-netfonds.de
  34. ^ NFS Capital AG asset management. Retrieved September 25, 2019 .
  35. ^ NSI Netfonds Structured Investments GmbH. Retrieved September 25, 2019 (German).
  36. ↑ Target groups | NVS Netfonds. (No longer available online.) Archived from the original on February 6, 2017 ; accessed on February 6, 2017 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.nvs-netfonds.de
  37. ↑ fundsware GmbH - The easiest way to provide basic knowledge. Retrieved February 6, 2017 (American English).
  38. ↑ Basic knowledge: Netfonds publishes information about investment funds | dasinvestment.com . In: dasinvestment.com . ( dasinvestment.com [accessed February 6, 2017]).
  39. ↑ The gala night of the GERMAN FUND PRICE - with photo gallery! Retrieved September 25, 2019 .
  40. ↑ Netfonds receives the German Fund Award for the seventh time in a row. FONDS professionell once again rates service quality as “outstanding”. Retrieved September 25, 2019 .