Financial advisor but for which??

Hi, we are facing the question of which financial advisor we should go to...

No. 1:
-Self-employed and locally based (no employees)
-has contact (according to website) to 400 banks
-his fee is paid by the respective bank (therefore not independent?)
-has had his own company for 7 years
-possibly worse conditions because he is just a small fish and not a financial chain?

No. 2:
-Large chain with many advisors spread across Germany
-have contact to XXX banks
-fee is paid by the client (so me)
-exists for 30 years
-possibly better conditions because large real estate financing chain?

What would you do? Go to the small financing specialist who may not be completely independent but can possibly better address my needs, or rather to the large chain that has 30 years of experience?

Are we talking about a construction loan or general financial matters/insurances?

In the former case, I can hardly imagine that anyone negotiates better terms if you pay their commission. Indication: My own inquiries at banks resulted in significantly worse outcomes than inquiries through an intermediary who also receives a commission from the bank.

In the latter case, you have to look at it closely. I know many of the big "asset management" firms and simply allow myself to judge that with them you pay for the service of not having to worry about "anything" and being presented with bite-sized pieces, possibly also advice, but I would be cautious regarding neutrality. From a purely economic perspective, none of their offers have blown me away. Whether it is capital investment, insurances, or financing.

Yes, mortgage financing. Thank you very much in advance for your helpful feedback. Would be glad to hear more opinions on the topic.

In principle, every broker goes through the relevant internet portals and gets more or less the same condition.
So go to the one that costs you nothing. At the same time, also check with Dr. Klein / Interhyp / Baugeld Spezialisten or whatever they are called. They all cook with the same water...

I would not pay for it myself and would go to as many as possible. Quantity is what counts. Personal experience.

Simply go to both. Competition stimulates business. After 2 mortgage lenders, I can say that the smaller ones are more interested in doing business and making interesting offers. They also have access to various channels and pay fees for them. So they have to make business.