Marschollek, Lautenschläger und Partner
Encyclopedia
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.
In 2010 MLP has around 774,500 clients, served by about 2,273 independent consultants and 1,672 permanent MLP employees as of 2010.
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.
, the business idea was from the outset to specialize on young graduates, especially on students of law. This specialization charged a market gap and they rapidly enlarged the target group on other graduates like budding medical practitioners.
. In 1974 the success allowed, beside the transformation in a GmbH, the opening of agencies in Wiesbaden
, Bonn
and Düsseldorf
.
After adding engineers and economics to their target group, the first step for the flotation on 15 June 1988 was placed 1984 in transforming MLP to an AG
. From this time MLP grew quickly and in 1997 MLP was represented in the MDAX
. The corporate headquarters move in 2001 from Heidelberg to Wiesloch
and on 30 July 2001 MLP was part of the DAX
as one of the 30 biggest publicly traded companies in Germany
till 2003. Nowadays MLP is represented in the SDAX
.
. In 1998 followed dedications of agencies in Switzerland
and 2000 in the Netherlands
. A year later, MLP expanded to Great Britain
and in 2002 to Spain
. But in the course of consolidation
in 2003, MLP has concentrated its activities again on Germany and in 2007 MLP closed its agencies in Spain and Great Britain. In 2008 the closing of agencies in Austria and in the Netherlands followed.
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
corporation providing financial services
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
, especially personal financial planning
Personal finance
Personal finance is the application of the principles of finance to the monetary decisions of an individual or family unit. It addresses the ways in which individuals or families obtain, budget, save, and spend monetary resources over time, taking into account various financial risks and future...
advisory. It is based in Wiesloch
Wiesloch
Wiesloch is a city in Germany, in northern Baden-Württemberg. It is situated 13 kilometres south of Heidelberg.After Weinheim, Sinsheim and Leimen it is the fourth largest city of the Rhein-Neckar-Kreis and is in the north-central area near Heidelberg with its neighbouring town Walldorf...
, Baden-Württemberg
Baden-Württemberg
Baden-Württemberg is one of the 16 states of Germany. Baden-Württemberg is in the southwestern part of the country to the east of the Upper Rhine, and is the third largest in both area and population of Germany's sixteen states, with an area of and 10.7 million inhabitants...
and was founded on 1 January 1971 in Heidelberg
Heidelberg
-Early history:Between 600,000 and 200,000 years ago, "Heidelberg Man" died at nearby Mauer. His jaw bone was discovered in 1907; with scientific dating, his remains were determined to be the earliest evidence of human life in Europe. In the 5th century BC, a Celtic fortress of refuge and place of...
by Eicke Marschollek and Manfred Lautenschläger.
MLP focuses on providing financial services consulting
Consultant
A consultant is a professional who provides professional or expert advice in a particular area such as management, accountancy, the environment, entertainment, technology, law , human resources, marketing, emergency management, food production, medicine, finance, life management, economics, public...
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.
General Information
Financial 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 2010 MLP has around 774,500 clients, served by about 2,273 independent consultants and 1,672 permanent MLP employees as of 2010.
Personnel structure
All the consultants have mostly akademical 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.
Shareholders
| Interest | Shareholder |
|---|---|
| 23,38 % | Manfred Lautenschläger; D |
| 10,02 % | Harris Associates L.P. Harris Associates L.P. Harris Associates L.P. is a Chicago-based investment company that manages $47.8 billion in assets. The firm is known for managing the Oakmark mutual funds. The company also was the defendant in a lawsuit that the U.S. Supreme Court ruled on in March 2010.... ; USA |
| 9,90 % | Swiss Life Swiss Life The Swiss Life Group is the largest life insurance company of Switzerland. The firm is headquartered is in Zurich. The Swiss Life Group has 7,500 employees and had assets under management of approximately CHF 133 billion in 2010.-Foundation and growth:... ; CH |
| 9,89 % | Talanx AG; D |
| 6,67 % | Barmenia; D |
| 6,27 % | ALLIANZ SE; D |
| 6,03 % | Angelika Lautenschläger; D |
| 4,84 % | Berenberg Bank Berenberg Bank Joh. Berenberg, Gossler & Co. KG, Berenberg Bank for short, is a German financial institution set up under the legal form of a limited partnership and based in Hamburg.- History :... ; D |
| 4,72 % | AXA S.A. AXA AXA S.A. is a French global insurance group headquartered in the 8th arrondissement of Paris. AXA is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. The AXA group of companies engage in life, health and other forms of... ; F |
| 0,73 % | Uberior Ena Ltd. (HBOS); UK |
| 17,55 % | Free float |
Beginning
As the insurance broker Eicke Marschollek and the graduate of law Manfred Lautenschläger founded MLP on 1 January 1971 in HeidelbergHeidelberg
-Early history:Between 600,000 and 200,000 years ago, "Heidelberg Man" died at nearby Mauer. His jaw bone was discovered in 1907; with scientific dating, his remains were determined to be the earliest evidence of human life in Europe. In the 5th century BC, a Celtic fortress of refuge and place of...
, the business idea was from the outset to specialize on young graduates, especially on students of law. This specialization charged a market gap and they rapidly enlarged the target group on other graduates like budding medical practitioners.
Way to the flotation
In 1972 MLP transformed from a GbR in a KGKommanditgesellschaft
A Kommanditgesellschaft is the German name for a limited partnership business entity and is used in German, Austrian and some other European legal systems....
. In 1974 the success allowed, beside the transformation in a GmbH, the opening of agencies in Wiesbaden
Wiesbaden
Wiesbaden is a city in southwest Germany and the capital of the federal state of Hesse. It has about 275,400 inhabitants, plus approximately 10,000 United States citizens...
, Bonn
Bonn
Bonn is the 19th largest city in Germany. Located in the Cologne/Bonn Region, about 25 kilometres south of Cologne on the river Rhine in the State of North Rhine-Westphalia, it was the capital of West Germany from 1949 to 1990 and the official seat of government of united Germany from 1990 to 1999....
and Düsseldorf
Düsseldorf
Düsseldorf is the capital city of the German state of North Rhine-Westphalia and centre of the Rhine-Ruhr metropolitan region.Düsseldorf is an important international business and financial centre and renowned for its fashion and trade fairs. Located centrally within the European Megalopolis, the...
.
After adding engineers and economics to their target group, the first step for the flotation on 15 June 1988 was placed 1984 in transforming MLP to an AG
Aktiengesellschaft
Aktiengesellschaft is a German term that refers to a corporation that is limited by shares, i.e. owned by shareholders, and may be traded on a stock market. The term is used in Germany, Austria and Switzerland...
. From this time MLP grew quickly and in 1997 MLP was represented in the MDAX
MDAX
The MDAX is a stock index which lists German companies. The index is calculated by Deutsche Börse.It includes the 50 Prime Standard shares from sectors excluding technology that rank immediately below the companies included in the DAX index...
. The corporate headquarters move in 2001 from Heidelberg to Wiesloch
Wiesloch
Wiesloch is a city in Germany, in northern Baden-Württemberg. It is situated 13 kilometres south of Heidelberg.After Weinheim, Sinsheim and Leimen it is the fourth largest city of the Rhein-Neckar-Kreis and is in the north-central area near Heidelberg with its neighbouring town Walldorf...
and on 30 July 2001 MLP was part of the DAX
DAX
The DAX is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Prices are taken from the electronic Xetra trading system...
as one of the 30 biggest publicly traded companies in Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
till 2003. Nowadays MLP is represented in the SDAX
SDAX
The SDAX is a stock market index composed of 50 small and medium-sized companies in Germany. These so-called small caps rank directly below the MDAX shares in terms of order book volume and market capitalization...
.
Abroad activities
The abroad activities started 1995 in AustriaAustria
Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...
. In 1998 followed dedications of agencies in Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
and 2000 in the Netherlands
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
. A year later, MLP expanded to Great Britain
Great Britain
Great Britain or Britain is an island situated to the northwest of Continental Europe. It is the ninth largest island in the world, and the largest European island, as well as the largest of the British Isles...
and in 2002 to Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
. But in the course of consolidation
Consolidation
Consolidation may refer to:* Consolidation , the mergers or acquisitions of many smaller companies into much larger ones* Consolidation , a geological process whereby a soil decreases in volume...
in 2003, MLP has concentrated its activities again on Germany and in 2007 MLP closed its agencies in Spain and Great Britain. In 2008 the closing of agencies in Austria and in the Netherlands followed.