Independent Financial Advisor
Aligning our interests with yours
No conflict of interest, just one mission: to help you earn more and better. That’s our performance.
This type of advice is particularly well-suited for capital of over €100k, which is looking for performance.
It is particularly suitable if you want to achieve performance in excess of 7% p.a., or wish to access specific asset classes (private equity, private credit, re-employment 150 0 b ter, real estate club deal, etc.).
It is unsuitable if you need to invest 80%+ of your capital in euro or money market funds.
The different types of advisor:
1/ paid-for agent, receiving back commissions on products sold
2/ or independent financial advisor
In several countries, like UK or Netherlands, receiving undisclosed commissions on selling financial products is illegal. In effect, this income stream prevents the agent from having only the interest of his clients in mind. They are geared towards the highest paying products for them, not their clients. Due to several scandals, some countries started to ban the practice.
Not yet in France, where 95% of financial advisors are paid for agents, not independent. It may be correlated with the fact that France has the highest fee for distribution of saving products in Europe.
Independent advisors can access and search any kind of products (asset class, geography…). It goes beyond being an agent of a certain financial institution prescribing a limited set of products. The alignment of interest is simple, the only payment received is from the client
The problem of paid-for agent
Access is restricted to the mandate their receive
The problem of not independent advisors
Their product knowledge focus on what pays them better
In both cases, the problem lies in the financial incentive: the advisor has to generate income. As a result, he or she spends more time learning about the products that pay better.
The advice is therefore biased, not by intention, but by lack of knowledge.
This advice is suitable if you have no intention of optimizing your performance, and have a “cautious” or “risk-free” profile.
It is also suitable for portfolios of less than €100,000, for which the fee for independent advice may be too high.
When product fees are used to pay your advisor, he or she has no interest in trying to limit these fees. But the impact of these fees can add up and become very significant.
For example: you can invest in a FCPR in a life insurance policy, with a 2% management fee, or in an ETF replicating the same portfolio, with a 0.2% fee. That’s a net loss of 1.8% per year of performance.
Mael and Camille, CMK cofounders
Our mission
CMK Finance assists you in protecting and growing your assets
CMK Finance represents the new generation of family office, dedicated to wealth and financial guidance. We believe that every estate is first and foremost a story – a story woven from a lifetime of talent, courage, daring and perseverance.
Our founders, brothers and entrepreneurs, carry on the family legacy with passion and dedication. They deeply understand the value of this unique history and know how to help you secure it, shaping a solid financial future.
Entirely independent, this human-scale firm is renowned for its technical expertise, its ability to listen to customers and its responsiveness.
We also work with a firm of tax lawyers to ensure that, in addition to financial support, our customers benefit from advice on protecting their family, combining personal and professional income, and tax optimization.