Local Supply

Due to their nationwide coverage, Austria’s 11,375 insurance brokers and 2,344 financial advisers have a key role to play in the local delivery of financial services.

The sheer number of products and possible alternatives has significantly increased the need of the population for decentralised financial advice and services. An independent adviser’s typical customer is a private individual, a small investor whose needs represent a business volume of up to € 500 per year.

The key attributes and service commitments of this sector include its mission to deliver the available services as closely as possible to the customers, in order to avoid otherwise unnecessary costs for travel, waiting times etc.