Bevestor

What Bevestor does

Bevestor GmbH is a Frankfurt am Main-based digital wealth management platform operating as a 100% subsidiary of DekaBank Deutsche Girozentrale and, by extension, part of the Sparkassen-Finanzgruppe. Founded in 2016 and employing 11-50 staff, the company offers automated ETF-based portfolio management to German retail investors through a fully digital, self-serve channel with no physical branches. Its core offering is the Select portfolio family — five risk-tiered ETF allocations (Select 0, 25, 50, 65, 90) constructed using a quantitative Michaud-Resampling methodology by Deka Vermögensmanagement GmbH — and a parallel ESG-screened Select ESG line. Portfolio construction is rule-based and quantitative; ongoing management is automated through the Autopilot module (rebalancing, fund switching, allocation adjustment reviewed at least quarterly).

The product portfolio extends beyond core portfolio management to include Anlageschutz (an optional downside-protection module that shifts assets to money market funds at defined loss thresholds), Cent-Sparen (micro-savings rounding via finAPI integration), Sparen durch Dritte (gift contributions from family and friends), Investmentthemen (thematic overlays such as AI and climate), and three depot types (Einzeldepot, Gemeinschaftsdepot, Kinderdepot). Distribution is exclusively direct-to-consumer via bevestor.de and native iOS/Android apps, supported by content marketing (blog, two podcasts, downloadable whitepaper), a referral program, and SEO.

Bevestor's revenue model is recurring AUM-based subscription: 0.60% per annum on average depot value (0.80% with Anlageschutz), charged annually in December, with no transaction costs, no front-end load, no minimum fee, and no additional depot fee. Fund-level costs (0.12%-0.24% depending on portfolio) are deducted from fund NAV. Third-party distribution fees are passed through to customers. The company operates as a financial investment intermediary under Section 34f of the German Trade Regulation, with custody held at DekaBank. No external equity funding has been disclosed and no revenue figures are publicly available.

Name

Bevestor

Legal name

bevestor GmbH

Website

https://bevestor.de

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Bevestor is a Frankfurt-based digital robo-advisor that offers automated ETF-based wealth management (Select and Select ESG portfolios) to German retail investors via its website and mobile app, operating as a wholly-owned subsidiary of DekaBank within the Sparkassen-Finanzgruppe.

Ownership category

akta.pro rank

Product category

Digital Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282)

akta.pro primary industry

Direct-to-Consumer Robo-Advisors (Retail Automated Portfolios) (FSAGAEAA)

akta.pro secondary industries

Full-Service Retail Brokerage & Wealth Platforms (FSAAAAAA), Financial Planning & Goals-Based Advice (Mass Affluent) (FSAAAAAF), Systematic Portfolio Construction & Risk Control (Risk Parity, Vol Target, Dynamic Allocation) (FSAHAEAJ)

Keywords

• Robo-advisor platform
• ETF wealth management
• Digital asset management
• Portfolio management
• ESG investment portfolios

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Asset Under Management (AUM) Fees: Bevestor charges an annual service fee of 0.60% on the average depot value. This covers portfolio management, rebalancing, depot fees, transaction costs, and customer service. The fee is charged annually in the first week of December, either via direct debit from the reference account or by selling fund units from the depot. Additional optional Anlageschutz service adds 0.20% per year (pro-rated for actual days used). No minimum fee, no transaction costs, no front-end load charges. Fund management fees charged by underlying fund managers are deducted from fund NAV and are not billed separately.
2. Third-Party Distribution Fee Rebates: Bevestor passes through all distribution fees (Vertriebsfolgeprovisionen) received from third-party fund providers through the DekaBank back into the customer's portfolio, reducing overall portfolio costs and improving net returns. This is a cost offset mechanism rather than a separate revenue stream.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Bevestor operates a fully digital wealth management (robo-advisor) platform that offers private investors automated, globally diversified ETF-based portfolio management. Customers select one of five risk-tiered portfolios (Select 0/25/50/65/90) or their ESG-screened equivalents, after which the platform continuously monitors, rebalances, and switches funds using quantitative algorithms and human research from Deka Vermögensmanagement GmbH. Optional add-on services include Anlageschutz (downside protection), Cent-Sparen (micro-investing), Sparen durch Dritte (third-party contributions), and Investmentthemen (thematic overlays).

Product overview

Bevestor is a digital ETF-based wealth management platform operated by Bevestor GmbH, a wholly-owned subsidiary of DekaBank Deutsche Girozentrale based in Frankfurt am Main. The core offering is the Select ETF-Vermögensverwaltung, which provides five risk-tiered portfolios (Select 0, 25, 50, 65, 90) managed by Deka Vermögensmanagement GmbH using a quantitative Michaud-Resampling approach. An ESG-aligned variant (Select ESG) follows the same structure with ESG screening and exclusion criteria. The platform is organized around depot types (Einzeldepot, Gemeinschaftsdepot, Kinderdepot) and offers optional add-on modules: Anlageschutz (portfolio insurance), Cent-Sparen (micro-savings via finAPI), Sparen durch Dritte (gift contributions), Investmentthemen (thematic overlays), and a mobile app. Fund selection is handled by Deka's research team with ongoing Autopilot monitoring (rebalancing, fund switching, allocation adjustment). Custody is provided by DekaBank, with custody/depot fees included in the 0.60% annual service fee.

Differentiator

Problem solved

Functional benefit

Products and services

• ETF-Vermögensverwaltung (Select) Bevestor's core digital wealth management product offering automated investment in globally diversified ETF portfolios across five risk levels, with continuous portfolio monitoring, automatic rebalancing, and fund switching managed by financial experts and algorithms. Target customers are German retail investors seeking professional, low-cost portfolio management without prior investment knowledge.
• Select ESG (Nachhaltigkeitsorientierte ETF-Vermögensverwaltung) ESG-focused version of the Select wealth management offering, available in five risk-tiered variants (ESG 0, 25, 50, 65, 90). Invests only in funds meeting ESG criteria, applying exclusion filters (controversial weapons, UN Global Compact violations, coal, oil, gas thresholds), Best-in-Class approach, and MSCI ESG scoring (minimum BBB). Designed for sustainability-oriented German retail investors.
• Kinderdepot (Children's Depot) Specialized depot account enabling parents or legal guardians to invest for their child's future (education, first home, wealth transfer) using any Select or Select ESG portfolio with low monthly contributions. Targets parents and families in Germany seeking long-term wealth building for minors.
• Gemeinschaftsdepot (Joint Depot) Joint investment depot allowing two individuals (partners or family members) to build wealth together using a shared Select or Select ESG portfolio, with the ability for friends and family to contribute via Sparen durch Dritte. Targets couples and joint investors in Germany with shared financial goals.
• Anlageschutz (Investment Protection) Optional portfolio insurance add-on for Select and Select ESG portfolios. When portfolio value approaches defined loss thresholds (-5% for Select 0 to -20% for Select 90), assets are automatically reallocated from equity funds to money market funds. Runs for 6-month terms with auto-renewal. Costs an additional 0.20% per year. Designed for risk-averse German retail investors.
• Cent-Sparen (Micro-Saving) Micro-investing feature that links to a customer's bank account via finAPI, rounds up daily card purchases to the nearest Euro, and invests the accumulated difference weekly (minimum EUR 1 per week) into the user's depot. Designed for retail investors in Germany seeking effortless savings habits.
• Sparen durch Dritte (Third-Party Savings) Service enabling family and friends to contribute funds directly into a user's Bevestor depot via bank transfer. The host generates shareable transfer details via email, WhatsApp, or QR code, and contributions are automatically invested per the depot's strategy. Targets families and social groups supporting shared savings goals.
• Investmentthemen (Investment Themes) Thematic overlay add-on enabling customers to supplement their Select or Select ESG portfolio with up to three custom themes (e.g., AI, Climate Change, Water, Digital Lifestyle, Infrastructure, Cybersecurity, Healthcare Innovation). Each theme replaces 10% of the equity allocation. Fund selection by Deka Vermögensmanagement. Targets retail investors seeking thematic exposure.
• bevestor App Mobile application (iOS and Android) providing full digital access to Bevestor services including account management, portfolio monitoring, Anlageschutz activation, Cent-Sparen configuration, video legitimation for onboarding, and customer support. Available via App Store and Google Play for German retail customers.

Quantifiable outcome

• Investment in approximately 10,000 individual securities through diversified ETF portfolios
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• DekaBank Deutsche GirozentralecoreStrategic or Co-development PartnerDekaBank is Bevestor's custody bank (depotführende Bank) and part of the same corporate group. Assets are held in a fund depot at DekaBank. DekaBank is part of the Sparkassen-Finanzgruppe, the world's largest financial network. Bevestor GmbH is a 100% subsidiary of DekaBank.
• Deka Vermögensmanagement GmbHcoreTechnology or IntegrationDeka Vermögensmanagement GmbH provides the fund research for Bevestor's Select and Select ESG portfolios. It conducts comprehensive quantitative and qualitative evaluation of funds before inclusion in portfolios, monitors portfolios on an ongoing basis, and provides the quantitative Michaud-Resampling methodology for portfolio construction. It also provides the Anlageschutz service.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Scalable Capital: Germany's largest retail robo-advisor / broker, offering automated ETF-based wealth management (Scalable Wealth) plus a self-directed trading product. Most direct competitor to Bevestor on automated ETF portfolios for German retail.
• Trade Republic: Berlin-based retail neobroker with savings plans and an expanding managed-investment offering (Trade Republic Invest). Competes with Bevestor for German retail automated-investment wallet share, leveraging a much larger customer base.
• VisualVest: Robo-advisor owned by Union Investment (DekaBank's main competitor within the German fund/asset-management landscape). Offers ETF- and fund-based automated portfolios to German retail — direct substitute for Bevestor Select.
• Quirin Privatbank: Digital-first German private bank offering automated wealth management (Quirin Privatbank Wealth / quirion) to retail and small-business clients with regulatory Bankenlizenz. Comparable product set to Bevestor Select.
• Ginmon: Frankfurt-based robo-advisor providing automated ETF portfolio management for German retail investors with a low flat fee — direct niche competitor in the German D2C automated wealth-management segment.

Emerging players

• Moneyfarm: UK-founded European digital wealth manager serving retail investors in the UK, Italy, and Germany with automated ETF portfolios. Comparable product architecture and target segment to Bevestor's Select line.
• Finanzen.de / finanzen100 Vermögensverwaltung: German fintech that aggregates and distributes multiple digital wealth-management products to retail; channel-level competitor and indirect substitute for Bevestor's Select lineup.

Regional players

• Expat Invest / Whitebox: German digital wealth manager (now part of the FondsaBank / Expat group) offering automated ETF-based portfolios, primarily to retail savers in the DACH region. Same product category and customer profile as Bevestor.

Others

• iShares by BlackRock (Build-your-own ETFs): Largest global ETF issuer whose products underpin Bevestor's portfolios. As ETFs and self-directed building-block investing become accessible in Germany, iShares-based DIY and platform offerings (broker / savings plans) compete with Bevestor at the substitution level.

Broad incumbents

• Comdirect / Commerzbank Wealth Management: Incumbent German direct bank (Commerzbank Group) offering savings plans and managed investment products to retail — broader portfolio but overlapping in automated / managed ETF capabilities with Bevestor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubepodigee.io/podcasts
• Xx.com/bevestor
• Facebookfacebook.com/bevestor
• LinkedInlinkedin.com/company/bevestor

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bevestor