APA ots news: "Let’s talk about money": Investment Advice – APPENDIX

Vienna (APA-ots) – Austria’s Financial Market Authority (FMA) informed

in the new edition of their consumer information series “Let’s talk

about money” on the subject of investment advice and about the various

Possibility to ask whether the consulting company or the

advisory person has the necessary authorization to

to provide investment advice.

“The FMA advises everyone who seeks advice on investing

definitely want to check if the one you selected

Company or the consultant has a corresponding approval

available”, said the Executive Board of the FMA, Helmut Ettl and Eduard Müller.

The FMA company database, the FMA intermediary query can do this

and the business information system can be used

In the case of investment advice, the financial situation, the

Investment goals and risk tolerance of the investor are defined. on

Basis of this, and after detailed presentation of all

Information, risks and costs, becomes an investment recommendation

delivered. Banks, securities firms and

Investment services companies are allowed to people in front of a

advise on investment decisions. But companies can too

Auxiliaries – so-called “tied agents” and

Securities brokers – use.

As of March 31, 2022, 1,870 people in Austria were registered for 46

Companies as tied agents, and 364 people

worked for 21 companies as a securities broker.

For more information, visit:

* [Reden wir über Geld – Anlageberatung]

(https://redenwiruebergeld.fma.gv.at/anlageberatung)

* [FMA-Unternehmensdatenbank]

(https://www.fma.gv.at/company-database-search/)

* [FMA-Vermittlerabfrage]

(https://www.fma.gv.at/finanzdienstleistungen/wertpapierdienstleistungen/ab

ask-vgv-und-wpv/)

* [Gewerbeinformationssystem]

(https://www.gisa.gv.at/fshost-gisa-p/user/formular.aspx?pid=3e8b81d1

22df415db65b1ec312d5a452&pn=Be2102a48c44b427fa29b85296c7f6b3f#scrolli

d1)

Query note:

financial market supervision

MMag. Annemarie Bauer, Bakk.

+43/(0)1/24959-6007

Digital press kit: http://www.ots.at/pressemappe/694/aom

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OTS0114 2022-05-25/11:21

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