Service Finder
Take the expert examination for fee-based financial investment advisors
Service Description
If you wish to advise on financial investments or provide investment advice on a commercial basis in return for a fee from the client, you must provide proof of your expertise in order to obtain a license. You can do this by taking the IHK examination.
Depending on the product category, the examination is divided into three areas:
- Open financial investments
- Closed-end financial investments
- Investments
The examination consists of a written and a practical part. In the written part of the examination, you must demonstrate the necessary legal and technical knowledge, for example with regard to consumer rights and technical terms. In the practical part, you must conduct a simulated customer consultation.
You do not have to meet any formal requirements to register for the exam, but you should prepare intensively for the content in order to take it successfully. The content of the examination for financial investment brokers corresponds to the examination for fee-based financial investment advisors. If you have completed vocational training or have a degree in banking and finance, this may be recognized instead of the examination.
Process flow
- You can only take part in an examination after prior registration.
- The IHK will inform you in good time before the examination about the details of the examination procedure, place and time.
- Once you have passed the written examination, you will take the practical examination.
- You will receive a certificate after successfully passing the exam.
Competent authority
You can find the Chamber of Industry and Commerce responsible for you here: IHK competence finder
Requirements
No special requirements
Which documents are required?
Official photo ID for identification during the examination.
What are the fees?
Costs are incurred. The exact amount can be found in the fee schedule of the local IHK.
What deadlines do I have to pay attention to?
- Please note the registration deadlines of your local IHK
- The passed examination is valid for life
Processing duration
You will regularly receive the certificate within a few days of passing the exam.
Legal basis
Applications / forms
Objection. Details can be found in the pass/fail notification for the examination.
Appeal
- Registration form according to IHK specifications
- Online procedure: no
- Written form: no
- Personal appearance required: yes, for the examination
Further Information
§ Section 4 of the Financial Investment Brokerage Ordinance (FinVermV) lists the professional qualifications that are equivalent to the expert examination. The list is exhaustive.
You can find further information on the examination of professional competence on the DIHK website: Overview of professional competence examinations of the Chambers of Industry and Commerce
Author
The text was automatically translated based on the German content.
Source: Zuständigkeitsfinder Thüringen (Linie6Plus)
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