Finanz- und Versicherungmakler

A "Finanz- und Versicherungsmakler" (Finance and Insurance Broker) is an independent intermediary legally mandated to act in the best interests of their clients, not on behalf of any single bank or insurance company. Their core business involves analyzing a client's financial and insurance needs and then searching the market for the most suitable products, from private health insurance and retirement plans to investment funds and real estate financing. Unlike a tied agent who represents one company, a broker offers impartial advice and access to a broad portfolio of providers. This profession is regulated, typically requiring a license from the local Chamber of Commerce and Industry (IHK) in Germany.