Deutsche Vermögensberatung (DVAG), which loosely translates into English as "German wealth advisors", is a company based in Frankfurt, Germany. The DVAG is active in Germany, Austria and Switzerland. Founded in 1975 by Reinfried Pohl, the company is managed by Deutsche Vermögensberatung Holding and is Germany’s largest stand-alone financial services distributor. With over 5,000 sales divisions and branches, Deutsche Vermögensberatung serves around 8 million clients. In fiscal year 2021, the company posted revenues of €2.24 billion and profits of €241.6 million. The total volume of contracts brokered (total portfolio) came to €234 billion. Management Executive board The company is managed by an executive board consisting of the following persons: Andreas Pohl (Chairman of the Board) Andreas Franken (Legal, HR) Christian Glanz (IT, Financial Consulting Service, Administration) Lars Knackstedt (Finances, Investments, Real Estate, Taxes) Markus Knapp (Business Development, Insurances) Helge Lach (Markets & Regulations, Associations, Congress Center in Marburg) Steffen Leipold (Banking & Investment, Foreign Operations) Robert Peil (Coordination of Sales Divisions, Marketing, Events) Dirk Reiffenrath (Education & Training, Training Centres, FHDW University of Applied Sciences) Supervisory board Hans-Theo Franken has been Chairman of the Supervisory Board since April 2021. History In 1975, Reinfried Pohl began to build the company under the name “Kompass Gesellschaft für Vermögensanlagen GmbH“. Pohl had worked for Investors Overseas Services (IOS) from 1967 to 1969, and had been employed by Bonnfinanz from 1970 to 1974. On 1 July 1975, he started out with around 35 of his former Bonnfinanz colleagues. Pohl developed the "all-finance concept" that DVAG is based upon in the 1950s. “Allgemeine Vermögensberatung AG” (AVAG) was founded in 1976. In 1983, AVAG was renamed “Deutsche Vermögensberatung AG”. Reinfried Pohl's sons Andreas and Reinfried Jr. joined the company's Executive Board in 1984. An Austrian subsidiary, now operating as “Deutsche Vermögensberatung Bank Aktiengesellschaft”, was founded in 1993. Cooperation with Deutsche Bank began in 2001. In 2003, the company restructured to form “Deutsche Vermögensberatung Holding” headquartered in Marburg. The company entered the Swiss market in 2004 with “SVAG Schweizer Vermögensberatung”. In 2007, DVAG became the exclusive distributor for AachenMünchener insurances and has since managed this segment as an independent subsidiary called “Allfinanz Deutsche Vermögensberatung”. That same year, FVD was integrated into the organization. In 2008, DVAG took over the distribution of Deutsche Bausparkasse Badenia and in 2018 became exclusive distributor for Generali (EVG). Business partners In Germany, the most important partner is the Generali Deutschland group with its