As an investor since 2015 and future financial advisor I think it is fair to say that it depends. In this article I explain the added value of financial advisers and how to achieve similar results using two alternatives.
In general, German banks are a more complicated situation in terms of profitability than their counterparts in other EU countries due to very low interest rates (CNBC, 2019). One of the main problems is the proliferation of small savings banks, there are about 400 savings banks in the country known as Sparkassen, which represent 15 percent of the total assets of the banking sector (Internationalbanker, 2019), these boxes savings present a personalized service, neighborhood, which is not free of cost.
The Deutsche Bank (DB) subsidiary is located in the Bogenhause neighborhood in Munich, Germany. Bogenhause is a residential neighborhood, located on the outskirts of Munich. As director of the subsidiary, you are aware of the number of challenges to which the bank is plunged and pay special attention to the specific aspects of the subsidiary.
N26 is a German bank founded in 2016, which operates in most of the euro zone countries, Switzerland and the USA. The entity is classified as a neobank, 100% digital and accessible to customers only in mobile applications and website. In 2019 Forbes announces that N26 the entity became the online bank with the highest market capitalization in Europe, ahead of Revolt.
The prestigious Barron’s newspaper, specializing in financial and economic information, published the online broker ranking for 2019 (Miller, 2019). The winner was Interactive Brokers (IB), a situation that has occurred in previous years. This assessment is endorsed by other organizations such as Broker Chooser (2020) that classifies IB as the best online broker, best broker for daily operations and best broker for futures.
The experiment conducted by Dean Radin, PhD and many other researchers, concludes with a very high statistical significance (5 to 6 sigma) that consciousness alters the power distribution of the interference pattern on the screen. This is a clear evidence that the mind can affect the matter that surrounds it.
My motivation to specialize in finance is due to my interest in investment in the stock market. It is something that I have been doing for a few years and I want to expand in the personal and professional field. However, the knowledge acquired during my MBA is not enough to fully develop a career in financial advice, complementary to my professional development as a director and engineer.
I've been user of "low cost" shared web hosting for many years. I started with blueHost and I ended with HostGator. The experience has not been fully satisfactory, the control panel is bulky and the work is not really smooth, however my cost analysis concluded that they were the most cost effective.
It has been a very long journey for Cisium, Inc. website. It started in 2007 and this year finally I shut it down. I created the site using Joomla!, it overcome one major update in 2010. To use Joomla! as content management system has not been a pleasant job. In my experience Joomla! is slow and the administration is heavy. After many years using Joomla! in many websites, I don’t think it will use it anymore.
Last February I submitted the last dissertation for my MBA at University of Bradford. Naturally it was the master thesis or Management Porject, a work that took me a solid year to accomplish. I'm specially proud of my last piece of work "VIX as Predictor Variable of Stock Market Returns", a culmination of my specialisation in finance.
Since my last post, I passed four new modules in my MBA: International Business Strategy: my first executive MBA module taught by Dr. Eva Alfoldi. Eva conveyed high performance lectures and brought a stunning performance, definitely my best learning experience. Project Management: my first module evaluated 100% by a conventional exam. This module gave me the chance to acquire the formal education of project management, that was perfectly complemented by my professional experience.
Already passed 1 year since I started my MBA at University of Bradford, UK. In other words, I ran half program. It is being an exciting journey, very demanding but with an extraordinary step forward in my formal education. I can feel how each passed module aggregates new management skills and changing my approach to management. Coming from engineering I was very reluctant of the value added of an MBA, however, module by module I've been changing my mind. Now I do not have any doubt that an MBA brings an inflexion point in management skills and competences.