• The principle of accurate consulting
• Duties in detail
• Responsibilities of the asset manager in principle
• Breach of contract
• Damage
• Causation
• Indicators of faulty asset management
• Indications for inadequate consulting
• Indications of inadequate implementation

INDICATIONS OF INADEQUATE IMPLEMENTATION

The following facts may indicate an inadequate implementation of asset management:

• High losses;
• High losses are being glossed over (“Only after the products have matured will the final accounting be done”);
• Policy of incomprehensible or missing information;
• Poor accessibility on the asset manager`s part;
• Failure on the asset manager`s part to explain the investment`s negative development;
• Invitation to invest additional funds when losses occur (“Now you are able to acquire the same product for half its price and therefore to reduce your loss”);
• High fees, broker’s fees and costs of other third parties by which the net profit is reduced;
• A high number of transactions which incur high fees (so-called “churning“).