The majority of European consumers prefer to use an independent adviser for their financial service needs. This is one of the findings of a study conducted by the EU umbrella association FECIF among 3000 individuals in several EU member states.
Insurance brokers and financial advisers enjoy distinct advantages:
- Their product selection is larger than that available to employees of banks and insurance companies.
- Their search for attractive products is a driving force for innovation and cost-efficient prices.
- Their qualifications, certification and training are clearly regulated by the legislator.
Independent insurance brokers and financial advisers are of course insured against possible errors in the advice provided.