FECIF - The European Federation of Financial Advisers and Financial Intermediaries
Przedmioty dzialania

Our Objectives


An Independent Adviser or intermediary is defined as an individual who, not being attached to any supplier, is capable of examining with his/her customer - in complete freedom - the advisability of selecting a particular product or service from the range of products and services available on the market.

  • an Adviser acts as a service provider for his or her client
  • he/she is fully independent by nature, and an Adviser is required to offer absolutely impartial advice
  • an Adviser is remunerated exclusively by his or her client
  • an Intermediary can be independent (Broker) and he/she is to act either as a representative of his/her customer, or as a supplier of a product and/or service


An intermediary is an agent if he/she is remunerated by the supplier whose product or service is proposed;

  • the majority of European intermediaries represents between 3 and 5 product or service suppliers; they can hold several mandates (multi-tied agents)
  • although a multi-mandated Intermediary cannot provide his or her customer with whole of market advice, the latter still has access to a selection of products and services. This is in excess of what an Intermediary who is single-mandated (representing only one product and/or service supplier), is able to offer, since in that situation there is obviously no choice offered

Advisers and Agents have joint obligations:

  • to ensure the adequacy of their working capital with the necessary infrastructures for providing quality assistance for their clients/customers
  • to be covered by a professional civil liability indemnity insurance
  • to have the requisite experience, training and qualifications
  • to be placed under the supervision of a public supervisory body








Fédération Européenne des Conseils et Intermédiaires Financiers (FECIF)
Avenue Louise 143/4
B-1050 Brussels

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