• Careful consulting as a principle
• Responsibilities of the investment consultant in principle
• Breach of contract
• Damage
• Causation

Damage

As with asset management, damage is defined as an involuntary loss of assets, which may present itself in a reduction of assets, in an increase of liability or in loss of profit. The damage equals the difference between the current status of assets and the status, the assets would have enjoyed had the harmful event not happened.

To determine the damage, the assets concerned by the investment consulting are decisive. These will be compared to the hypothetical asset status which is unaffected by the breach of contract. Sometimes an unrealized profit also has to be included into the damage calculation.