MLP AG

MLP AG is a German corporation providing financial services, especially personal financial planning advisory. It is based in Wiesloch, Baden-Württemberg and was founded on 1 January 1971 in Heidelberg by Eicke Marschollek and Manfred Lautenschläger.MLP focuses on providing financial services consulting in the domains of pension provision, asset management and risk management to an upscale group of university graduates and wealthy clients. Most of the mediated insurances consist in life, disability, health and annuity insurances.StructureGeneral InformationFinancial services like investment trusts, insurance enterprises and banks are afforded cost-effective market access by extern agents, because of the missing maintenance of own distribution networks. For them, MLP is an attractive agent, because it is geared towards the group of university graduates, who have good chances for safe employments and upcoming wealth - MLP sues future customers already at the university. In 2013 MLP has around 830,300 clients, served by about 1,998 independent consultants and 1,559 permanent MLP employees as of 2013.Personnel structureAll the consultants have mostly academical background, mostly in the same branch of study as their future customers. They act independent, but are supported by MLP in getting an own office in one of the agencies and getting the possibility for further education. In 1999 MLP founded the MLP Corporate University, which officiates as the main centre for basic and further education of consultants worked for MLP. The wage-system based for the most part on commissions and premium outlays. But in the first year the consultants received a small wage of 1,250 EUR per month. That allows that the students do not have to pay for the advisory services.