Privacy policy
In the following, we provide information about the collection of personal data from you as a data subject when you use our website. Personal data means any information relating to an identified or identifiable natural person, such as name, address, telephone number, e-mail address, profession, bank details, etc. The processing of data refers in particular to its collection, storage, use and transmission.
The controller pursuant to Art. 4 (7) of the EU General Data Protection Regulation (GDPR) is
Udo W. Masrouki
Mielenforster Str. 8
51069 Cologne
info@finanz.net (see our legal notice).
You can reach our data protection officer at
Udo W. Masrouki
Mielenforster Str. 8
51069 Cologne
info@finanz.net (see our legal notice).
Initial information
Note: You can also permanently save the initial information on this page as a PDF file via the following link (EFTA Court judgement of 27 January 2010, Ref. E-4/09).
Further legally relevant information can be found in the legal notice.
Initial information
Proof of the information obligations pursuant to § 11 Insurance Intermediary Ordinance, § 12 Financial Investment Intermediary Ordinance:
Contact address
FinanzNet Holding AG
Mielenforster Str. 8
51069 Cologne
Telephone: +49(0)221 969769-10
Fax: +49(0)221 969769-20
E-mail: info@finanz.net
Internet: www.finanz.net
Management Board: Udo W. Masrouki (Diplom-Kaufmann), Daria Chugunova (MBA)
Commercial register
HR Cologne
HRB 41608
To contact us, please use the Contact page.
Status according to the Trade, Commerce and Industry Regulation Act
- Independent financial investment broker with a licence according to
- § 34f Abs. 1 Satz 1 Nr. 1, Nr. 2, Nr. 3 GewO (Register No. D-F-142-R611-23).
Competent chamber (also issuing and supervisory authority):
Cologne Chamber of Industry and Commerce, Unter Sachsenhausen 10-26, 50667 Cologne,
telephone: 0221/1640-0, fax: 0221/1640-129, email: service@koeln.ihk.de
Homepage: www.ihk-koeln.de, Districts: the independent cities of Cologne and Leverkusen, as well as the districts of Erftkreis, Rheinisch-Bergischer Kreis and Oberbergischer Kreis
- Independent real estate agent and loan broker
- with permission according to § 34c Abs. 1 Nr. 1, Nr. 2 GewO:
Issuing authority: City of Cologne, Trade Office
Supervisory authority: Cologne City Council, Trade Licensing Office, Willy-Brandt-Platz 3, 50679 Cologne.
Professional regulations for financial investment brokers and real estate agents: §§ 34c, 34f of the German Trade Regulation Act (GewO), Insurance Mediation Ordinance (VersVermV), Financial Investment Brokerage Ordinance (FinVermV), Real Estate Agent and Commercial Construction Contractor Ordinance (MaBV). The professional regulations can be viewed and accessed via the page www.gesetze-im-internet.de.
Financial loss liability insurance
FinanzNet Holding AG has a legally compliant financial loss liability insurance for the licences according to § 34cf GewO and §34f GewO.
Shareholdings in insurance companies
Disclosure:
FinanzNet Holding AG has no direct or indirect holdings of over 10% of the voting rights or capital of an investment or insurance company. No investment or insurance company and no parent company of an investment or insurance company has a direct or indirect holding of over 10 per cent of the voting rights or capital of FinanzNet Holding AG.
Intermediary Register
Registered in the Intermediary Register in accordance with § 11a of the German Industrial Code (GewO) with a licence as a financial investment broker with a licence in accordance with § 34f para. 1 sentence 1 no. 1 GewO, registration number D-F-142-R611-23.
The entry can be verified at the joint registry of the German Chamber of Industry and Commerce (DIHK) e.V., Breite Straße 29, 10178 Berlin, Tel.: 030-20308-0 or 0180 6005850 (landline price €0.20/call; mobile phone prices maximum €0.60/call), Fax: 030-20308-1000, e-mail: infocenter@berlin.dihk.de, register retrieval: http://www.vermittlerregister.info.
Addresses of the arbitration boards
I am always happy to help if you have any questions or concerns. If you feel that you have not received the best possible advice, please tell me directly and we will find a solution. If, contrary to expectations, a concern cannot be resolved directly, you can also contact the following out-of-court arbitration bodies:
Ombudsman for Investment Funds
Unter den Linden 42, 10117 Berlin
Homepage: Ombudsstelle Investmentfonds
In addition, you can contact the supervisory authority for credit institutions and financial service providers:
Federal Financial Supervisory Authority (BaFin)
Lurgiallee 12, D-60439 Frankfurt
Homepage: http://www.bafin.de
Status-related information in accordance with § 12 FinVermV (Notes in accordance with § 12a FinVermV)
Issuers and providers
The financial investment broker can provide advice or brokerage services for investment funds.
The following custodian banks in Germany and abroad are potential product providers, capital management companies (CMC), custodians or so-called fund platforms, among others
- European Bank for Financial Services GmbH
- Others on request
The full range of brokerage/advisory services offered by the financial investment broker can include over 200 capital management companies with over 4,000 domestic and foreign investment funds. Thus, almost the entire range of open-ended investment funds authorised for distribution in Germany can be considered for end customers, in particular at the express written request of the investor. The investor receives the list of issuers and the range of funds from his financial investment broker on a durable medium.
Remuneration
The financial investment broker does not demand any direct remuneration from the investor, but if necessary, a separate service fee agreement is concluded in addition. For the distribution of financial investments, the financial investment broker usually receives commissions or brokerage fees from the fund companies and/or the custodians, which are deducted from the costs and fees incurred in connection with the purchase and management of the fund units. The financial investment broker receives a one-time front-end load from the custodian of the fund units as a premium in per cent of the investment amount, as well as an ongoing sales commission, which, depending on the settlement method of the respective capital management/investment company, is calculated as a percentage of the value of the units held by the securities account holder in the investor’s securities account or as a percentage of the annual management fee of the respective fund in the investor’s securities account. The amount of the commission varies depending on the investment company, investment focus and type of fund. The amount of the respective issue premiums and the other costs and fees can be found in the relevant sections of the Key Investor Information Documents (KIID), the sales prospectuses of the capital management/investment companies and the list of prices and services of the respective depository and is shown separately by the financial investment broker in relation to the selected investment.
Allowances
In addition to commission or brokerage fees, the financial investment broker may receive additional remuneration if sales thresholds are exceeded, as well as marketing subsidies or non-cash benefits such as product training, participation in further training events, cultural/social events, provision of IT software, sales documents, etc. The investor agrees that the financial investment broker and its cooperation partners (in particular employees, service centres, broker pools, etc. assigned to it) with whom it works/cooperates, the remunerations, fees and allowances, which accrue to them from third parties, and which they are allowed to keep, in deviation from §§ 675, 667 BGB (German Civil Code), and waives the assertion of existing and future claims.