Diseases have occurred in the meantime, no longer even a repair or a change is possible. Case 4 – real estate financing: Own research and advice from the Bank a client couple wanted to accept the offer of the Bank for a mortgage loan. The loan ran expected ten years interest rate with 1 percent redemption until far in the retirement age. But above all it would have been not to press from the pension income. The total expenditure but to over 61,000 euros could be reduced with a financing concept and a Commission-free loan. To do this, the couple has now safety, to be able to use the loan over the entire period of financing and the prospect to be debt-free five years earlier.
Case 5 – real estate sale: A client was tormented with the decision to sell their rented flat in order to purchase in an intrinsically used real estate. Only the calculation of different scenarios made it clear that this Exchange in their Situation is only made to sense much later. This way, she could avoid a supply gap in the retirement of about 500,000 euros. Case 6 – real estate purchase: A client had a premium offer for a condo there are. This would wear himself, so the offer, saying no equity and no monthly charges. Detailed scenario calculations showed alternative ways that were better adapted to his situation, but: the ideal time of the acquisition would come for him in four years.
With the additional consideration of tax options, he would earn about 82,000 euros higher yields and save Commission over 19,000 euro. Professional financial advice, which is in the long term, the course must be made first and foremost right”says Fahmi. Because before a specific product range, it is important to take time to create an analysis for the customers. Are all assets, the available liquidity, as well as the Risk provisions put to the test. A such professionally created financial status quo shows on the basis of facts, whether and, if necessary, where there is a need. First, informed decisions can be made on this basis. The financial planner under the honorary advisors also work with scenario calculations. They simulate the results of various alternatives with the help of a precise financial planning software. So investors will enable first, to select for them individually appropriate measures. Everything but thats not possible with a Commission-driven consultancy”, Fahmi said. Advising fee, however, already. Finally, Honorary Consultant earn their money with the commissions of the products sold, but they live on the fees they get for their services. Honorary Consultant work therefore exclusively on behalf and on behalf of their clients. Such comprehensive analysis is not always a bargain. Depending on the extent of the asset structure, this can cost a client up to several thousand euros. But as the above examples show, the effort to create a detailed and comprehensive financial plan, which is updated regularly and adapted to the changes in the market, in the personal environment or in the regulations, is paying off,”says the expert.