Communication and advertising activities
In 2007 the Federal Ministry of Food, Agriculture and Consumer Protection (BMELV) commissioned a study concerning the quality of financial consultancy in Germany. The results of the analysis (“Requirements of financial brokers – better quality, better decisions”) was presented to the public in December 2008. Ever since, financial consulting has been the subject of intense discussion – and on a scale rarely previously witnessed. This creates a good platform to base the statutory framework conditions on a new foundation - and to realign them for the benefit of clients and consumers. For many years MLP has been advocating the introduction of a higher and universal qualification standard in the German financial consulting market. We ourselves adopt an independent and holistic consulting approach that focuses on the individual requirements of clients. Against this background we emphatically welcome this initiative by the BMELV and support various requirements called for within the framework of this study. We have presented our stance in a statement.