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Financial Advisor (Gewerbliche Vermoegensberatung)
GewO §94 Z.75
Verified: April 2026
Key Facts
- Type: Regulated trade
- Qualification: Qualification exam
- Registration cost: Free (€0)
- Insurance: Professional liability required
- Important: NOT the same as an FMA-licensed asset manager
What This Trade Covers
- Investment advice on financial products
- Insurance product brokerage
- Retirement planning consultation
- Real estate investment advice
- Credit and financing advisory
Important distinction: Trade license vs. FMA license
Gewerbliche Vermoegensberater may advise and broker financial products.
Actually managing client money (asset management) requires a separate
FMA (Financial Market Authority) concession.
Related Guides
Legally binding: German text of GewO 1994.