Considerations which lead all right in ChinaThe degradation of the environment is obviousShe still overshadowed in the past six months5 million thirty years ago today they are 3Its leaders were apparently able to reassure investorsBarack Obama leads all right to socialismThe slightest electoral law is still debateAnd the American Dell could follow them suitIt must also have strong qualities of ManagerBeing a former represents an enormous responsibilityWealth management advisor to be assumed that an expert has expertise in many areas and meets each time to specific regulations. The House of heritage, the largest association of financial investment advisors, independent would like to simplify the lives of its 2,000 members. Patrice Ponmaret explains the procedure.
What is it that disturbs you with the title "wealth management advisor"
Nothing doesn't bother me, that it is a title, as you say, and not a protected title. A wealth management (PMB) is a professional who must accumulate skills to offer its customers a comprehensive apprehension of their heritage. It must develop first heritage, tax and financial strategy and then implement and follow up. And for this, he must accumulate more skills. Initially, it operates as a Council, using either the status of financial investments (CIF) Council, or the proper legal jurisdiction (CJA). As soon as the customer has agreed to the proposed strategy, it turn to intermediation and offers him the corresponding investments. It is then an insurance broker, real estate agent or seller banking and finance. We would like to get rid of this last status, which implies a willingness to place products, which is obviously not our professional practice. We claim a more appropriate financial products broker status.
You say you want a specific status
We want to give a framework for fiscal year to the Council in heritage management. What better than a professional order to formalize this special status, both liberal and trade. The ability to commercialize has no objection to the concept of order. Pharmacists. All players have everything to gain, especially at this time. It will enable Parliament to reach its goal of a better investor protection. It will enable the consumer to better characterize his interlocutor.
It always bothers me see unscrupulous professionals claim the title of Counsellor of heritage management, while they have no other objective than to place real bad bill products. These amalgam affect the profession, but especially to the final customer. We have the advantage to be perceived by our clients as experts.
The training is Sesame to enter...
In May 2007, I had set a goal that all our members are graduates in ten year horizon. Today, half hold a graduate degree. The House of the independent heritage promotes training continues, the validation of the achievements of the experience, partnerships with universities.
Our ad hoc Committee valid training partners ad hoc plates-formes distribution ad hoc platforms distribution distribution and management companies. It dissects the course. For at the outset, the promotion of their products are excluded.
For our members, only validated modules rotate counter formations. Each year, they must devote 25 hours. For them, it is an important time investment. This means that two days of activity per month pass trap. And this sacrifice is even heavier that 70 of Independents are only.
We are obviously for the diploma requirement for access to the profession. Nevertheless, it remains essential to allow the professionals currently exercise to register the order, even without degree, subject to verification of their ability.
However, it is difficult to enter the House, to remain there. There is a duty of training and...
... control. The House is equipped with a Board of discipline which already excluded twenty members who did not meet the rules. As such, we behave as if we were an order. The authority of financial markets (MFA), in the approval of the associations of CIF, asked us to control the activity of CIF, which represents on average than 10-15 of our turnover. We then considered that limiting the control to a small part of our activity had no meaning. This surveillance, we have extended it to all activities of the members. We are the only association to have made this choice. We entrusted this mission to an independent external structure. In 2006, we had launched a call for tenders, after which Creatis was retained. This company already control of bailiffs, notaries, accountants, auditors Commissioners... A visit is planned every five years, at a rate of 300 firms passed through annually. And control of parts is carried out every year. These efforts are made in the meaning of the protection of the consumer. And also for us. Because, in our trade, risk is disproportionate to the error, it can quickly turn criminal.
Should the order be reserved for independents
Of course. Only, we are that independent 3.000 in France. There may be several tables. On the first table would be the CGPI, ". "Graduates in heritage management", on the second table, would the first in becoming partners in an independent structure. Knowing that 80 of the academic wealth management promotions are preempted every year by the banks, we can thus recruit a few tens of thousands of experts. But should exceed the reluctance of the banking networks to see their employees affiliated with an order.
What will become the associations
Associations should see their limited role of trade unions that defend and represent the members. I am aware that the creation of an order may be unsettling to some. Not that that matters, it is losing the future of the profession, not that of associations.
