Thomas Lloyd: The directives to the MiFID and VVR were apparently just the beginning of a development that has a ‘gender’ of all financial products in Germany to the content. At least, many investment professionals interpret the fact that distribution of mutual funds, closed-end funds, precious metals, and company investments generally fall under the licensing requirements for financial service providers and these are exempt only by this derogation. “You can only imagine how long this special treatment is still running, but it is undoubtedly time while”, says Klaus-Peter cherry, head of private wealth management of ThomasLloyd from Zurich/Switzerland. ThomasLloyd operates as global financial services providers in the areas of investment banking, securities and investment management. Companies, financial intermediaries, institutional investors and high net worth individuals, ThomasLloyd global offers a variety of financial products and services which belong to the customer. Already for a long time, ThomasLloyd has on these new challenges set. While the EU requirements represent not only increased requirements for unbound financial services, called also financial intermediaries, and demand a total solution in the customer service of these. It the competitive pressure on the banks is growing given the comparability of services in the financial services market at the same time.
“Who can sell with a card of a financial services institution (MiFID), which is regulated by the federal financial supervisory authority (BFin), has made it much easier”, so cherry of ThomasLloyd. It is of course possible to respond appropriately to the new challenges and to derive benefits from the current situation. Also cherry tree in the new regulations in the combination seems to be more opportunities than risks with the right partner. ThomasLloyd differs from other financial service providers by the approach to brokers, asset managers and banks. We see financial intermediaries as potential customers and partners, rather than local competitors “and try to build on this basis for mutually beneficial relationships,” explains the ThomasLloyd financial specialist and former Bank Executive.
A partnership with ThomasLloyd allows this financial intermediaries, to focus, namely the customer support and the provision of value-added services, while ThomasLloyd takes care of the non-official functions, for example on the core business processing and organization. Also ThomasLloyd offers the possibility through the cooperation with a liability shield for financial intermediaries, providing at least the same product worlds can advise as a bank employee but with the added benefit of whatever this to. Of course we have due to our international activity as financial consultants the opportunity to put individual concepts and financial products”, as the financial expert of ThomasLloyd. The Bank comes to the customers home”is the slogan of the ThomasLloyd strategy to the Expression. It is also an essential task to gain quick access to assets financial intermediaries, this on par with the bankers can position themselves and thus achieve a high added value.