Patriarch Multi-Manager

What Patriarch Multi-Manager does

Patriarch Multi-Manager GmbH is a Frankfurt am Main-based, privately held fund initiator and distribution specialist founded in 2004 that operates across the DACH region (Germany, Austria, Luxembourg) with explicit exclusion of the United States and US persons. The company selects external asset managers and mandates them with the management of Dachfonds (funds of funds) and Managed Depot strategies, providing independent financial advisors (unabhängige Finanzberater) with institutional-quality multi-manager building blocks for client asset allocation. Its product shelf spans Patriarch Select Dachfonds, the Patriarch Vermögensmanagement ETF-Dachfonds, multiple PatriarchSelect Managed Depot variants (including Trend200 and ETF Trend200), single-strategy equity and mixed funds (Patriarch Classic TSI, AI Leaders, Patriarch Classic Dividende 4 Plus, HAC Quant Stiftungsfonds, RL&C Global Dynamic, TT Contrarian Flexible/Global, Schmitz & Partner Global Defensiv), commodity funds (Commodity Capital Global Mining, Structured Solutions Next Generation Resources and Resource Income), and partner-distributed Mediolanum International Funds.

The business model is a hybrid of three revenue streams: recurring management fees on its own Dachfonds and Managed Depot products (subscription/recurring economics), distribution and referral fees on third-party partner funds distributed through the Patriarch platform (Mediolanum, AI Leaders, TT Contrarian, Schmitz & Partner, HAC, Consortia), and label/white-label manufacturing fees for larger distribution partners. As of 31.12.2025 the company reports approximately 154 Mio. € of assets under management and approximately 905 Mio. € of assets under custody. Pricing is not publicly disclosed; specific fee terms reside in individual fund prospectuses. The firm is small (1-10 employees), founder/management-driven with Dirk Fischer as Geschäftsführer, registered as a Finanzanlagenvermittler and Versicherungsvermittler under the German GewO, and uses Luxembourg CSSF oversight for its Dachfonds structure.

Go-to-market is B2B and sales-led, anchored on a long-standing network of independent financial advisors in the DACH region, with Hauck Aufhäuser Lampe Privatbank AG acting as a documentation custodian channel. Marketing is multi-channel and advisor-focused: the monthly Patriarch Power Podcast, the bi-annual Patriarch Performer magazine, a YouTube channel, regular press releases, and partner webinars and conferences (notably the TEMPOWECHSEL event with Drescher & Cie. AG and Mediolanum Life Plan webinars). The company has no proprietary AI/ML technology and no API or app surface; its underlying platform is a traditional fund-manufacturing and distribution stack rather than a software product.

Name

Patriarch Multi-Manager

Legal name

Patriarch Multi-Manager GmbH

Website

https://patriarch-fonds.de

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Patriarch Multi-Manager is a Frankfurt-based fund initiator and DACH distribution specialist that selects external asset managers and offers Dachfonds, ETF-Dachfonds, Managed Depot strategies, and partner funds to independent financial advisors across Germany, Austria, and Luxembourg.

Ownership category

akta.pro rank

Product category

Multi-Manager Fund of Funds (Dachfonds) Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Finance Services (6199)

akta.pro primary industry

Fund of Funds & Multi-Manager Mutual Funds (FSAAAEAL)

akta.pro secondary industry

Distribution Support & Dealer Services (Commissions/Trails, Agreements, Data Feeds) (FSAAAMAJ)

Keywords

• Fund of funds
• Multi-manager asset management
• Dachfonds distribution
• Managed depot strategies
• ETF fund of funds

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees (Dachfonds): Patriarch generates revenue through management fees from its Dachfonds products, including Patriarch Select Dachfonds and ETF-Dachfonds. The company manages approximately 154 Mio. € AuM as of December 31, 2025.
2. Distribution and Referral Fees: The company acts as a distribution specialist, earning referral and distribution fees from partner funds including Mediolanum International Funds, AI Leaders, and other third-party products distributed through the Patriarch platform.
3. Label/White-label Fund Mandates: For larger partners, Patriarch launches Dachfonds with custom labels, generating revenue through product manufacturing and management oversight fees.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Patriarch Multi-Manager operates as a fund initiator and distribution specialist that selects external asset managers and mandates them with management of initiated products. The company manufactures and distributes Dachfonds (funds of funds), ETF-Dachfonds, fund asset management (Fondsvermögensverwaltung) strategies, and a portfolio of equity, mixed, and commodity funds to independent financial advisors in the DACH region. Approximately 154 million EUR in AuM and 905 million EUR in AuC are administered as of December 31, 2025.

Product overview

Patriarch Multi-Manager operates as a fund initiator and distribution specialist offering a diversified portfolio of fund products and asset management services. The core offerings include: (1) Patriarch Select Dachfonds and Patriarch Vermögensmanagement ETF-Dachfonds as core fund-of-funds solutions with multiple strategy options; (2) PatriarchSelect Managed Depot, PatriarchSelect Trend200 Managed Depot, and PatriarchSelect ETF Trend200 Managed Depot as professional fund asset management services; (3) Patriarch Partner stock and mixed funds including Patriarch Classic TSI (trend-based equity), AI LEADERS (AI-focused global equity), Patriarch Classic Dividende 4 Plus (dividend equity), HAC Quant Stiftungsfonds (foundation-oriented mixed), RL&C Global Dynamic Fonds (flexible mixed), TT Contrarian Flexible/Global (contrarian philosophy), and Schmitz & Partner Global Defensiv (defensive mixed); (4) Patriarch Partner commodity funds including Commodity Capital Global Mining Fonds, Structured Solutions Next Generation Resources, and Structured Solutions Resource Income Fund; and (5) Mediolanum International Funds Limited as a partner umbrella/GAMAX fund range. The company manages approximately 154 million EUR in AuM and 905 million EUR in AuC (as of December 31, 2025).

Differentiator

Problem solved

Functional benefit

Brands

• Patriarch Select Dachfonds: Fund of funds with multiple investment strategies
• PatriarchSelect Managed Depot
• PatriarchSelect Trend200 Managed Depot
• PatriarchSelect ETF Trend200 Managed Depot
• Patriarch Classic TSI
• Patriarch Classic Dividende 4 Plus
• AI LEADERS
• Patriarch Power Podcast (PPP)

Products and services

• Patriarch Select Dachfonds Fund of funds (Dachfonds) solution offering three different investment strategies, providing access to top fund managers for independent financial advisors.
• Patriarch Vermögensmanagement - ETF-Dachfonds ETF-based fund of funds (ETF-Dachfonds) offering a new, unique concept for broad accessibility to individual investors.
• PatriarchSelect Managed Depot Fund asset management service (Fondsvermögensverwaltung) with more than 20 years of track record, offering customized portfolio management solutions.
• PatriarchSelect Trend200 Managed Depot Professional fund asset management with a capital protection (hedging) strategy.
• PatriarchSelect ETF Trend200 Managed Depot Timing-based ETF asset management strategy for capital investment.
• Patriarch Classic TSI Equity fund using the Trend-Signal-Indicator (TSI) system, based on Levy's Relative Strength principle, to filter stocks demonstrating trend strength.
• Patriarch Classic Dividende 4 Plus Dividend-focused equity fund.
• AI LEADERS Global equity fund investing in companies that utilize artificial intelligence to achieve strategic goals and are leading market participants within their industries.
• HAC Quant Stiftungsfonds flexibel global H Foundation-oriented flexible mixed fund offering professional and efficient asset management for investors.
• RL&C Global Dynamic Fonds Flexible mixed fund with focus on equities of companies worldwide.
• TT Contrarian Flexible Worldwide flexible fund following a contrarian investment philosophy, typically focusing on areas away from mainstream markets.
• TT Contrarian Global Contrarian global investment fund.
• Schmitz & Partner Global Defensiv Defensive mixed fund investing globally in equities, bonds, bank deposits, certificates, and bond and equity funds.
• Commodity Capital Global Mining Fonds Global commodity fund specializing in precious metals and commodities, with core competencies in economic and geological analysis of commodity projects, index creation and consulting, and investment advisory.
• Structured Solutions Next Generation Resources Fonds Resource-focused commodity fund.
• Structured Solutions Resource Income Fund Resource income-focused commodity fund.
• Mediolanum International Funds Limited (MIFL) Umbrella and GAMAX fund product range offered in partnership with Mediolanum International Funds Limited, featuring first-class investment funds and strong advisory collaborations.

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Partnerships

Eight partnerships are on record, tiered core and minor.

• Schmitz & Partner AGcoreStrategic or Co-development Partner · 4 November 2025Patriarch Multi-Manager GmbH and Schmitz & Partner AG cooperate on defensive investment strategies with a Swiss approach. The partnership centers on distributing the Schmitz & Partner Global Defensiv defensive mixed fund mandate, with a focus on expanding distribution.
• Taunus Trust AGcoreStrategic or Co-development Partner · 7 April 2025Patriarch Multi-Manager GmbH and Taunus Trust AG cooperate on contrarian investment strategies. The partnership focuses on distributing the TT Contrarian Flexible and TT Contrarian Global funds through Patriarch's network of independent financial advisors.
• DJE Kapital AGcoreStrategic or Co-development PartnerDJE Kapital AG provides monthly commentary for Patriarch Select Dachfonds, PatriarchSelect Managed Depot, and PatriarchSelect Trend200 Managed Depot products. ESG information from DJE is made available through Patriarch's distribution network.
• Mediolanum International Funds Limited (MIFL)coreChannel Partner/ Reseller/ DistributorPatriarch serves as a distribution partner for Mediolanum International Funds Limited in Germany, offering GAMAX funds and umbrella funds through the Patriarch platform. Dirk Fischer serves as Managing Director of Patriarch and distribution representative for Mediolanum International Life in Germany.
• HAC (HAC Quant Stiftungsfonds)coreChannel Partner/ Reseller/ DistributorHAC provides the HAC Quant Stiftungsfonds flexibel global H, which Patriarch distributes through its network. Patriarch provides ESG documentation from HAC to its advisor network.
• ConsortiaminorChannel Partner/ Reseller/ DistributorConsortia investment mandates are distributed through Patriarch's network, with ESG positioning managed at the product level by the respective fund manager.
• Hauck Aufhäuser Lampe Privatbank AGminorChannel Partner/ Reseller/ DistributorHauck Aufhäuser Lampe Privatbank AG serves as an additional distribution point where fund documents and prospectuses for Patriarch funds can be obtained.
• Greiff capital management AGminorStrategic or Co-development PartnerGreiff capital management AG provides monthly commentary for the PatriarchSelect ETF Trend200 Managed Depot, a timing-based ETF asset management strategy.

Scale indicators1 record

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• DWS Group (Deutsche Asset Management): DWS is a large global asset manager with extensive DACH distribution and a broad multi-asset and Dachfonds product range, serving as the dominant incumbent in the same advisor and retail channels where Patriarch operates.
• Union Investment: Union Investment is one of Germany's largest fund houses for retail and advisor channels, with a broad multi-asset and master-fund product range that competes head-on with Patriarch's Dachfonds and Managed Depot offerings.
• Deka Bank (Deka Investment): Deka is a major German fund provider with a wide multi-asset and mixed-fund lineup distributed through savings banks (Sparkassen), functioning as a broad incumbent against smaller DACH multi-manager platforms like Patriarch.

Direct peers

• DJI Investment (DJE Kapital AG): DJE Kapital AG is a German multi-asset and equity fund manager providing monthly commentary for Patriarch's Dachfonds and Managed Depot products, while also running its own competing multi-manager and equity fund ranges in the DACH market.
• Flossbach von Storch: Flossbach von Storch is a Cologne-based multi-asset manager running flagship multi-asset funds (e.g., FvS Multiple Opportunities) sold across DACH, directly comparable to Patriarch's Dachfonds and Managed Depot product suite for IFAs.
• Taunus Trust AG: Taunus Trust is a contrarian global asset manager whose TT Contrarian Flexible and TT Contrarian Global funds are distributed through Patriarch; it also sells its own contrarian products directly to DACH investors, making it a direct product competitor.
• Acatis Investment: Acatis is a German value-oriented multi-asset and equity manager distributing its own funds to independent advisors, overlapping directly with Patriarch's equity, mixed, and Dachfonds offerings in the DACH IFA channel.
• Mediolanum International Funds Limited: Mediolanum International Funds supplies the GAMAX and umbrella fund range that Patriarch distributes in Germany, while also running its own international distribution — making it both a partner and a direct competitor in the European fund market.
• Schmitz & Partner AG: Schmitz & Partner runs the Global Defensiv defensive mixed fund mandate distributed by Patriarch; it also pursues its own DACH distribution of the same strategy, putting it in direct competition for the same advisor wallet.

Emerging players

• Carmignac: Carmignac is a European independent multi-asset and equity manager with flagship flexible funds (e.g., Carmignac Patrimoine) sold across DACH via advisors, making it a strong comparable to Patriarch's multi-manager and managed-depot concept.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCGTHuIganpPxfrS8-tugJXQ/videos
• LinkedInlinkedin.com/company/patriarch

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors1 record

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 Patriarch Multi-Manager