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Stefan
Heringer

„Neunundvierzig is the sort of company I have always dreamt of creating. We work solely in the interests of our clients, offering them comprehensive support that goes far beyond their investment strategy.“

I have been supporting wealthy clients for more than 15 years now. I love working with people and I love my job. That's unusual – particularly in the financial sector.

But it didn't happen overnight.

I was always fascinated by business, especially the capital markets, even as a school kid. It was at school that I made my first foray into buying and selling shares, using virtual money as part of a business simulation game. From that moment on I knew that I wanted to make my hobby my career. When I left school I trained at a major bank, later specialising in securities, doing a part-time degree while continuing to work.

In the years that followed I advised wealthy private clients. But then the banking industry began to change fundamentally, at first gradually, then faster and faster, abandoning financial advice in favour of simply selling financial products.

Finally it reached the point where my job was no longer about providing the best-possible support for clients and their assets, but rather increasing the bank's profit margins in the short term. The client's interests, if we bothered about them at all, were secondary. I had to face up to the fact that my dream job had become a nightmare. Disillusioned, I wanted to leave the banking sector entirely. But then by chance in 2008, I came across a completely new business model in the area of financial advice: fee-only investment advice.

What did I find so attractive about the concept of fee-only investment advice? The great thing about it is that when you're only being paid by the client, like a lawyer, there is absolutely no possibility of any conflict of interests – the sort of conflicts of interests that always arise when you're working on commission. That's why I was really happy to spend nine years establishing a fee-only advisory as part of a team with Nikolaus Braun in the Munich branch of a banking startup. Ever since then I have been convinced that responsible investment should be guided by the latest research findings.

Setting up our own fee-only advisory firm was the next logical step. Neunundvierzig is the sort of company I have always dreamt of creating: a small, quality-driven, highly efficient business. We work solely in the interests of our clients, offering them comprehensive support that goes far beyond their investment strategy.

As I said, I love my job. I find it personally very rewarding to make lasting improvements to my clients' financial situation and their quality of life. The only thing I enjoy even more is spending time with my wife and three kids, or on my hobbies. If you're the same then why not come and see us? We can talk about how we may be able to help you – so you have time for the more important things in life.