Gerd Kommer

What Gerd Kommer does

Gerd Kommer Invest GmbH is a privately held, BaFin-regulated independent asset manager founded in 2017 by Dr. Gerd Kommer and headquartered in Munich. The firm implements the founder's Weltportfolio (World Portfolio) concept — a scientific, forecast-free, buy-and-hold methodology built on globally diversified passive index funds and ETFs — across a three-tier product matrix. The high-net-worth tier (Vermögensverwaltung) serves affluent private households with more than €1M in investable assets through personalized, fee-based portfolio management with dedicated advisors; the retail tier (Gerd Kommer Capital Robo Advisor) is operated through Scalable Capital Bank with minimums from €20; and the self-directed tier is the L&G Gerd Kommer Multifactor Equity UCITS ETF, co-developed with Solactive AG and managed by LGIM, available from €10 across German and international brokers.

The company's revenue model is asset-based across three streams: percentage-of-AUM fees on HNW mandates, recurring fees on the Robo Advisor product routed through Scalable Capital, and licensing/royalty economics from LGIM for ETF distribution support. A subsidiary vertical, Gerd Kommer Stiftungen, extends the platform into foundation solutions in Germany and Liechtenstein for family wealth protection and charitable structuring. Operationally, GKI runs a lean team (~20 named staff) supported by partner-provided infrastructure: Scalable Capital handles Robo platform technology, Baader Bank provides custody, AM One delivers the HNW client portal, and Bliro provides AI-based meeting transcription.

Distribution is multi-channel: direct advisory sales from the Munich office for HNW clients, Scalable Capital's app for retail, and a broad German and international broker network (Trade Republic, Scalable, Smartbroker+, ING, DKB, flatex, Deutsche Bank/maxblue, Comdirect, Consorsbank, finanzen.net Zero, Swissquote, easybank, Fineco, Interactive Brokers, and others) for the ETF. Marketing is anchored to Dr. Kommer's personal brand — the leading passive-investing educator in the German-speaking world — sustained by a 7th-edition reference book, blog, monthly newsletter, YouTube channel, Instagram, and frequent earned media in NZZ, Die Welt, WirtschaftsWoche, Spiegel, Handelsblatt, and FAZ.

Name

Gerd Kommer

Legal name

Gerd Kommer Invest GmbH

Website

https://gerd-kommer.de

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Gerd Kommer Invest GmbH is a Munich-based, BaFin-regulated independent asset manager implementing the founder's Weltportfolio concept across HNW wealth management (>€1M), a Robo Advisor via Scalable Capital (from €20), and the L&G Gerd Kommer Multifactor Equity UCITS ETF (from €10), serving German-speaking retail and affluent private clients with passive, scientifically grounded index investing.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Balanced & Allocation (Multi-Asset) Funds (FSAAAEAD)

akta.pro secondary industries

Multi-Asset ETFs & Index Allocation Funds (FSAAAJAB), Multi-Asset & Allocation ETFs (Balanced, Target Risk) (FSAAAFAF)

Keywords

• Asset management services
• Wealth management advisory
• Passive index investing
• ETF fund management
• Robo advisor platform

Headquarters

HQ city

München

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Financial Portfolio Management (Vermögensverwaltung): GKI provides independent financial portfolio management for wealthy private households. Revenue is generated through a fixed percentage fee on assets under management (AUM). The company is the only bank-independent asset manager in Germany that invests on the basis of index funds and ETFs following the World Portfolio concept.
2. Fee-based Investment Advisory: GKI offers independent, fee-based investment advice. The company is listed in BaFin's register of independent fee-based investment advisers. Advisory fees are charged separately from product costs, avoiding sales commissions and conflicts of interest.
3. ETF Distribution Support: GKI supports LGIM in the distribution of the L&G Gerd Kommer Multifactor Equity UCITS ETF by promoting it on its website and explaining the co-developed concept to interested investors.
4. Robo Advisor Strategy (via Scalable Capital): The Gerd Kommer Robo Advisor Strategy is offered through Scalable Capital Bank GmbH, with GKI providing investment consulting for portfolio management. The Scalable Capital app manages the assets; Baader Bank AG maintains custody accounts.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Gerd Kommer Invest GmbH provides independent, bank-independent asset management built on the proprietary Weltportfolio (World Portfolio) concept. It operates three product lines: full-service financial portfolio management (Vermögensverwaltung) for high-net-worth private households with more than €1 million in investable assets; a digital Robo Advisor strategy (Gerd Kommer Capital) distributed via Scalable Capital Bank from €20; and the co-developed L&G Gerd Kommer Multifactor Equity UCITS ETF for self-directed investors from €10. All offerings use globally diversified passive index funds and ETFs under a scientific, forecast-free investing philosophy.

Product overview

Gerd Kommer offers a three-tier product ecosystem based on the Weltportfolio (World Portfolio) concept: (1) Vermögensverwaltung for affluent clients with >€1M seeking full-service personalized wealth management with dedicated advisors; (2) Robo Advisor Strategie for digital-first investors starting at €20, powered by Scalable Capital; and (3) the L&G Gerd Kommer Multifactor Equity UCITS ETF for self-directed investors. Additionally, Gerd Kommer Stiftungen provides foundation solutions for generational wealth planning. All offerings are grounded in passive, scientific, forecast-free investing principles with over €3 billion in assets under management across the brand.

Differentiator

Problem solved

Functional benefit

Brands

• Gerd Kommer Invest: Wealth management division for high-net-worth clients with assets over 1 million euros
• Gerd Kommer Capital
• Gerd Kommer Stiftungen
• L&G Gerd Kommer Multifactor Equity UCITS ETF

Products and services

• Vermögensverwaltung (Wealth Management) Full-service, independent, bank-independent financial portfolio management for wealthy private households with more than €1 million in investable assets. Personalized investment management based on the Weltportfolio concept with a dedicated personal advisor, quarterly reporting, and full cost transparency.
• Robo Advisor Strategie (Gerd Kommer Capital / GKC) Digital wealth management (Robo Advisor) offering automated ETF-based investing following the Weltportfolio concept starting from €20. Implemented through the Scalable Capital Bank app, with GKI advising on portfolio management and Baader Bank AG acting as custodian.
• L&G Gerd Kommer Multifactor Equity UCITS ETF A globally diversified equity UCITS ETF tracking the Gerd Kommer Multifactor Equity Index, designed as a single-ETF World Portfolio solution for self-directed DIY investors. Available via all major German and international brokers, often with free savings plans starting from €10. Managed by LGIM; index calculated by Solactive AG.
• Gerd Kommer Stiftungen (GKS) Tailored foundation models in Germany and Liechtenstein for long-term family wealth protection and charitable purposes, with tax advantages and investment managed according to the Weltportfolio concept.

Quantifiable outcome

• Over 3 billion EUR invested under the Gerd Kommer brand

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Legal & General Investment Management (L&G / LGIM)coreTechnology or IntegrationL&G (LGIM Managers Europe Limited) manages and administers the L&G Gerd Kommer Multifactor Equity UCITS ETF. The ETF tracks the Gerd Kommer Multifactor Equity Index, which was co-developed by GKI, Solactive AG, and L&G. L&G licenses the index from Solactive AG. L&G is solely bound to the prospectus and management regulations of the ETF and is neither bound by instructions from GKI nor advised by GKI.
• Solactive AGcoreTechnology or IntegrationSolactive AG calculates the Gerd Kommer Multifactor Equity Index. The index was jointly developed by Gerd Kommer Invest GmbH, Solactive AG, and L&G.
• Scalable Capital GmbHcoreChannel Partner/ Reseller/ DistributorScalable Capital Bank GmbH offers the Gerd Kommer Robo Advisor Strategy as digital wealth management (autopilot investing). Scalable Capital provides the app infrastructure and manages the assets. GKI advises Scalable on portfolio management. The custodian bank is Scalable Capital Bank GmbH. Gerd Kommer Capital (GKC) is a brand under which Scalable Capital GmbH offers the service.
• Baader Bank AGminorChannel Partner/ Reseller/ DistributorBaader Bank AG maintains the custody accounts and settlement accounts for the Scalable Capital Robo Advisor service.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Oskar (Pioneer Oskar): German Robo Advisor offering ETF-based portfolio management for retail investors, with comparable fee structure, methodology transparency, and target customer segment as GKI's Robo offering.
• quirion: German digital wealth manager offering fee-based Robo Advisor and Vermögensverwaltung products using index funds and ETFs, very closely matching GKI's Robo and wealth management offerings for the German retail and HNW market.
• LIQID: Berlin-based digital wealth manager focused on high-net-worth private clients in Germany, offering globally diversified ETF-based portfolios — directly comparable to GKI's Vermögensverwaltung proposition for affluent households.
• Whitebox: German Robo Advisor from the Stadwerke Augsburg group using scientifically-backed ETF portfolio strategies, competing head-on with GKI's Robo Advisor strategy on methodology, transparency, and fees.
• Growney: German Robo Advisor offering globally diversified ETF portfolios to retail investors, directly comparable in product scope, target market, and passive/evidence-based investment approach.
• ARERO (Global ETFs): German Weltportfolio-style one-fund global allocation product originally developed with Prof. Weber; conceptually adjacent and a direct substitute for DIY investors considering the L&G Gerd Kommer ETF as a single-ETF world portfolio solution.

Emerging players

• Scalable Capital: Operates the GKI Robo Advisor as a white-label/distribution partner and also offers its own competing broker and wealth management products; highly relevant as both a partner and a competing digital wealth platform in Germany.
• Dimensional Fund Advisors: Global asset manager applying academic factor-based investing at scale; highly comparable in investment philosophy (evidence-based, factor/multifactor equity) to the Gerd Kommer Multifactor Equity Index, and already cited as a thought-leader endorser of Kommer's book.

Broad incumbents

• DWS Group: One of Germany's largest asset managers, offering Xtrackers ETFs and a broad range of multi-asset and balanced funds; competes indirectly with GKI's ETF and Weltportfolio-style products but at massive scale and with a much wider product suite.
• iShares by BlackRock: World's largest ETF provider, including core global equity index ETFs that overlap with the L&G Gerd Kommer Multifactor Equity UCITS ETF; sets the competitive benchmark on cost, distribution, and AUM scale in the index ETF category GKI's ETF plays in.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@gerdkommer
• Instagraminstagram.com/gerdkommer
• LinkedInlinkedin.com/company/gerd-kommer-invest

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

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 Gerd Kommer