Deutsche Vermögensberatung
"Früher an später denken"
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| AG () | |
| Industry | Financial services |
| Founded | 1975 |
| Headquarters | Frankfurt am Main |
| Products | Banking and Insurance Products |
| Website | www.dvag.com/ |
Deutsche Vermögensberatung (DVAG), which in English loosely translates as "German financial advisors", is a German company based in Frankfurt, Germany. The DVAG is operative in Germany, Austria and Switzerland.The company was founded in 1975 by Reinfried Pohl, controlled by Deutsche Vermögensberatung Holding and registered as a tied agent in the insurance sector according to the EU Insurance Mediation Directive with the Frankfurt am Main Chamber of Industry and Commerce.
With its 3,400 departments and branch offices and over 14,000 full-time financial consultants, Deutsche Vermögensberatung serves around 6 million clients. In fiscal year 2015, the company earned revenues of €1,255.7 million and profits of €186.3million. The total volume of contracts brokered (total portfolio) came to €185.2billion.
The company is managed by an executive board consisting of the following persons:
• Andreas Pohl (Chairman of the Board)
• Udo Corts (Corporate communication, corporate coordination, legal)
• Hans-Theo Franken (Central sales coordination, products, business partners, international business)
• Christian Glanz (IT, financial consulting service, administration)
• Lars Knackstedt (Finances, investments)
• Helge Lach (Education, professional centers, digital media)
• Robert Peil (Coordination sales companies, marketing, events)
• Dirk Reiffenrath (Support of sales divisions)
Friedrich Bohl has been chairman of the supervisory board since 31 March 2009.
In 1975, Reinfried Pohl began to build the company under the name “Kompass Gesellschaft für Vermögensanlagen GmbH“. Pohl had worked for Investors Overseas Services (IOS) from 1967 to 1969, and had been employed by Bonnfinanz from 1970 to 1974. On 1 July 1975, he started out with around 35 of his former Bonnfinanz colleagues. “Allgemeine Vermögensberatung AG” (AVAG) was founded in 1976. In 1983, AVAG was renamed “Deutsche Vermögensberatung AG”.
Reinfried Pohl’s sons Andreas and Reinfried Junior joined the company’s management board in 1984. An Austrian subsidiary now called “Deutsche Vermögensberatung Bank Aktiengesellschaft” was founded in 1993. Cooperation with Deutsche Bank began in 2001.
In 2003, the company restructured to form “Deutsche Vermögensberatung Holding” headquartered in Marburg. The company entered the Swiss market in 2004 with “SVAG Schweizer Vermögensberatung”. In 2007, DVAG became the exclusive distributor for AachenMünchener Versicherungen, and has since been managing this segment as an autonomous subsidiary called “Allfinanz Deutsche Vermögensberatung”. That same year, FVD was integrated into the organization. In 2008, DVAG took over the distribution of Deutsche Bausparkasse Badenia.
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