Trusted Wealth Manager
Deutsche Oppenheim Family Office AG has been awarded the FUCHS | RICHTER PRÜFINSTANZ seal of trust.
At the beginning of 2016, FUCHS | RICHTER PRÜFINSTANZ, a joint project of the FUCHSBRIEFE publishing house and Dr. Richter | Institut für Qualitätssicherung und Prüfung von Finanzdienstleistungen GmbH (IQF), set up a permanent monitoring system for banks and asset managers in Germany.
The objective is to create transparency for private banking clients as to whether providers treat their clients fairly and what distinguishes them from others.
The categories of "public sources", "specialist lawyers", "customers", and "employees" are each assigned the typical traffic light colours of red, yellow, and green. Additionally, there is a grey label for parties whose status is still pending the audit process.
Only when the green light either comes on in all five categories or flashes in a single category, does the trust indicator turn green as well, thereby displaying complete trustworthiness.
Banks and/or their branches as well as asset managers that show a green traffic light in all five test categories may bear the "Trusted Wealth Manager" seal of the Private Banking auditor.