View source for MLP SE

{{Short description|German financial service provider}}
{{primary sources|date=February 2013}}
[[File:Wiesloch MLP 20101010.jpg|thumb|250px]]

{{Infobox company
| name           = MLP SE
| logo           = MLP AG (logo).svg
| logo_size      = 200px
| type           = ''[[Societas Europaea]]''
| traded_as      = {{FWB|MLP}}<br>[[SDAX]]
| foundation     = 1971
| location       = [[Wiesloch]], [[Germany]]
| key_people     = Uwe Schroeder-Wildberg <small>([[chief executive officer|CEO]] and chairman of the executive board)</small>, Peter Lütke-Bornefeld <small>([[Chairman]] of the [[supervisory board]])</small>
| revenue        = €480.5 million <small>(2013)</small><ref name="AR2013">{{cite web |url=http://www.mlp-ag.de/homepage2010/servlet/contentblob/591632/data/gb2013-de.pdf |title=Annual Report 2013 |accessdate=27 March 2014 |publisher=MLP}}</ref>
| operating_income = €32.8 million <small>(2013)</small><ref name="AR2013" />
| net_income     = €25.5 million <small>(2013)</small><ref name="AR2013" />
| aum            = €24.5 billion <small>(end 2013)</small><ref name="AR2013" />
| assets         = €1.537 billion <small>(end 2013)</small><ref name="AR2013" />
| equity         = €374.5 million <small>(end 2013)</small><ref name="AR2013" />
| num_employees  = 1,559 <small>(end 2013)</small><ref name="AR2013" />
| products       = [[Asset management]], [[insurance]], [[Financial adviser|financial advisory]], [[Credit rating agency|ratings agency]], [[Securities research|investment research]]
| homepage       = [http://www.mlp-ag.com www.mlp-ag.com]
| industry       = [[Financial services]]
}}

'''MLP SE''' (formerly '''MLP AG''', founded as '''Marschollek, Lautenschläger und Partner GbR''')<ref>{{cite web |url=https://mlp-se.de/unternehmensprofil/meilensteine/ |title=Meilensteine der MLP-Geschichte |accessdate= 23 October 2020 |publisher=MLP}}</ref> is a German corporation providing [[financial services]], especially [[personal finance|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 [[Consultant|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.

==Structure==

===General Information===
Financial services like investment trusts, insurance enterprises and banks are afforded cost-effective market access by external agents, because of the lack of maintenance of their 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 employment and upcoming wealth - MLP pursues future customers already at the university. <br>
In 2013 MLP had around 830,300 clients, served by about 1,998 independent consultants and 1,559 permanent MLP employees as of 2013.<ref name="AR2013" />

===Personnel structure===
Most of the consultants have an academical background, mostly in the same branch of study as their future customers. They act independently, but are supported by MLP in getting an  office in one of the agencies and possibly further education. In 1999, MLP founded the MLP Corporate University, which officiates as the main centre for basic and further education of consultants working for MLP.<ref>{{cite web |url=http://mlp-ag.de/unternehmensprofil/40jahre/mitteilung |title=Press release respective 40 years of MLP |accessdate=1 August 2011 |publisher=MLP }}{{dead link|date=December 2017 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
The wage-system is based mostly on commissions and premium outlays. In their first year, the consultants receive a small wage of 1,250 EUR per month. This allows that the students do not have to pay for the advisory services.

=== Shareholders ===
{| class="wikitable"
! Interest
! Shareholder
|-
| align="right" | 23,53% || Manfred Lautenschläger; D
|-
| align="right" | 9,89% || HDI/Talanx|[[Talanx AG]]; D
|-
| align="right" | 9,82% || [[Harris Associates L.P.]]; USA
|-
| align="right" | 7,10% || FMR LLC
|-
| align="right" | 6,67% || Barmenia; D
|-
| align="right" | 6,27% || [[Allianz SE|ALLIANZ SE]]; D
|-
| align="right" | 6,03% || Angelika Lautenschläger; D
|-
| align="right" | 4,99% || [[Fidelity Management & Research|Fidelity Management & Research Company]]
|-
| align="right" | 4,84% || [[Berenberg Bank]]; D
|-
| align="right" | 3,06% || Franklin Templeton Investment Funds
|-
| align="right" | 0,73% || Uberior Ena Ltd. (HBOS); UK
|}<ref>{{cite web |url=http://www.mlp-ag.de/investor-relations/mlp-aktie/aktionaersstruktur |title=List of shareholders |accessdate=10 April 2014 |publisher=MLP |url-status=dead |archiveurl=https://web.archive.org/web/20140413150605/http://www.mlp-ag.de/investor-relations/mlp-aktie/aktionaersstruktur |archivedate=13 April 2014 }}</ref>

==History==

===Beginning===
MLP was founded on 1 January 1971 in [[Heidelberg]] by the insurance broker Eicke Marschollek and the law graduate Manfred Lautenschläger. 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 to a [[Kommanditgesellschaft|KG]]. In 1974, this success allowed, apart from the transformation into a [[GmbH]], the opening of agencies in [[Wiesbaden]], [[Bonn]] and [[Düsseldorf]].
After adding engineers and economists to their target group, the first step for the flotation on 15 June 1988 was taken in 1984, by transforming MLP into an [[Aktiengesellschaft|AG]]. From this moment onwards, MLP grew quickly and in 1997, MLP became represented in the [[MDAX]]. The corporate headquarters moved from Heidelberg to [[Wiesloch]] in 2001 and on 30 July 2001 MLP became part of the [[DAX]] as one of the 30 biggest publicly traded companies in [[Germany]] and stayed there until 2003.

===International activities===
MLP's international activities started in [[Austria]] in 1995. Dedications of agencies in [[Switzerland]] in 1998 and in the [[Netherlands]] in 2000 followed.  MLP expanded to [[Great Britain]] a year later and to [[Spain]] in 2002. But in the course of [[wikt:consolidation|consolidation]] in 2003, MLP once again began concentrating its activities on Germany and closed its agencies in Spain and Great Britain in 2007. The closing of agencies in Austria and in the Netherlands followed in 2008.

==Sponsorship==
Since 2012, the company has been the main sponsor for the [[USC Heidelberg]] [[Basketball Bundesliga]] team, which is now called '''MLP Academics Heidelberg'''.<ref>{{cite news|author1=Michael Sonnick |title= Die Heidelberger-Basketballer begeistern vor der Rekordkulisse in der SAP Arena|url=https://www.wochenblatt-reporter.de/mannheim/c-sport/die-heidelberger-basketballer-begeistern-vor-der-rekordkulisse-in-der-sap-arena_a433502 |accessdate=15 March 2023 |work=Wochenblatt |date=28 December 2022 |language=German}}</ref>

==References==
{{Reflist}}

==External links==
* {{official website|http://www.mlp-ag.com}}

{{Authority control}}

{{DEFAULTSORT:MLP}}
[[Category:Financial services companies of Germany]]
[[Category:Companies based in Wiesloch]]
[[Category:Companies listed on the Frankfurt Stock Exchange]]