FIDUKA depot management

What FIDUKA depot management does

FIDUKA-Depotverwaltung GmbH is a privately held, bank-independent German wealth manager founded in Munich in 1971 by André Kostolany and Gottfried Heller. The firm operates as FIDUKA Vermögensverwaltung, providing discretionary portfolio management for high-net-worth private individuals and families (many of whom are multi-generational clients), alongside corporate, foundation, association, chamber, and religious-community mandates. Distribution approvals cover Luxembourg, Germany, and Switzerland, with explicit exclusion of US persons.

The product surface combines individualized asset management mandates with three proprietary investment funds: FIDUKA-Universal Fonds I (mixed-asset, since 1989), FIDUKA Inter-Bond (fixed-income), and FIDUKA Emerging Markets (equity). Investment decisions are driven by a global macro/monetary overlay combined with the proprietary FID-Ratio quantitative model, which layers earnings-quality assessment onto traditional value-criteria stock selection. Sustainability screening is delivered via a partnership with ISS ESG. The fund infrastructure is operated by Universal-Investment (Luxembourg) and IPConcept (Schweiz) AG, with custody held at the client's chosen bank or FIDUKA partner banks under limited power of attorney.

Revenue is generated from a fixed percentage fee on assets under management, billed monthly, with an optional variable performance fee above an agreed minimum return subject to a High-Water-Mark principle. Distribution is relationship-led and direct: no intermediaries, named advisors, in-person consultations, an annual Kostolany Börsenseminare event, monthly Börsenmonitor commentary, and recurring editorial coverage in major German financial media. Regulatory oversight sits with BaFin, and the firm is a VuV member.

Name

FIDUKA depot management

Legal name

FIDUKA-Depotverwaltung GmbH

Website

https://fiduka.com

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

11–50 employees

Short description

FIDUKA-Depotverwaltung GmbH is a privately held, BaFin-regulated bank-independent wealth manager in Munich, founded in 1971, providing discretionary portfolio management and three proprietary funds for HNW families and institutional clients across the DACH region.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (52394), Trust, Fiduciary, and Custody Activities (523991)

SIC

Investment Advice (6282)

akta.pro primary industry

Fiduciary Investment Management (Trust Portfolios) (FSAEAKAI)

Keywords

• Discretionary portfolio management
• Wealth management services
• Investment fund management
• Asset management advisory
• Private banking services

Headquarters

HQ city

München

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Asset Management / Portfolio Management Fees: FIDUKA charges a fixed fee as a percentage of assets under management (AUM). This is the primary revenue stream, aligned with the scale of client portfolios. The fee is disclosed in the investment management contract.
2. Performance Fee (Variable Fee): A variable performance fee may apply, calculated as a percentage of the portfolio value increase above an agreed minimum return threshold (High-Water-Mark principle). Losses from prior periods must be compensated before a new performance fee accrues.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels10 records

Core offering

FIDUKA is a bank-independent wealth manager providing discretionary portfolio management for high-net-worth private clients, families, companies, foundations, associations and religious communities. The firm combines global macroeconomic and monetary analysis with its proprietary FID-Ratio quantitative stock-selection model and offers three proprietary investment funds (FIDUKA-Universal Fonds I, FIDUKA Inter-Bond and FIDUKA Emerging Markets), plus optional ESG screening via ISS ESG.

Product overview

FIDUKA Depotverwaltung GmbH is a bank-independent wealth management firm founded in 1971, offering discretionary portfolio management services alongside three proprietary investment funds: the FIDUKA-Universal Fonds I (a classic mixed-asset fund), FIDUKA Emerging Markets (equity fund), and FIDUKA Inter-Bond (bond fund). The firm also provides educational services through the Kostolany Börsenseminare, publishes market commentary, and authored investment books.

Differentiator

Problem solved

Functional benefit

Products and services

• Discretionary Portfolio Management (FIDUKA Vermögensverwaltung)

Quantifiable outcome

• Consistently ranked in the top tier of the Elite Report with summa cum laude rating among ~350 tested wealth managers

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• ISS ESGcoreTechnology or IntegrationISS ESG is a leading rating agency for sustainable investments. FIDUKA partners with ISS ESG to offer sustainability screening, allowing clients to exclude companies with controversial business fields and practices, as well as countries with unsatisfactory social and environmental standards from their managed portfolios.
• Partner BankscoreChannel Partner/ Reseller/ DistributorFIDUKA has negotiated preferential fee terms with select partner banks where clients maintain their securities custody accounts. FIDUKA manages client portfolios via limited power of attorney on these accounts.
• IPConcept (Schweiz) AGcoreChannel Partner/ Reseller/ DistributorIPConcept (Schweiz) AG serves as the Swiss representative and paying agent for FIDUKA funds. FIDUKA funds are Luxembourg-domiciled funds under Luxembourg law with distribution approvals in Luxembourg, Germany, and Switzerland, with IPConcept handling the Swiss distribution.
• Universal-InvestmentcoreChannel Partner/ Reseller/ DistributorUniversal-Investment serves as the management company for the FIDUKA-Universal-Fonds I, handling fund administration, custody, and distribution infrastructure. The fund is domiciled in Luxembourg.
• Handelsblatt (Elite-Report)minorGTM or Marketing PartnerThe Elite-Report, published in cooperation with Handelsblatt, is Germany's leading independent wealth manager rating. FIDUKA's consistent top-tier rankings in the Elite Report serve as a major credibility and marketing asset.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• DWS Group: One of Europe's largest asset managers (formerly Deutsche Bank's asset management arm), offering institutional and retail funds including ESG products. Competes with FIDUKA in the DACH institutional and fund distribution markets at much larger scale.
• Allianz Global Investors: Global asset manager within the Allianz Group, offering active and ESG funds across fixed income and equities. Overlaps with FIDUKA in active fixed-income and emerging markets fund categories distributed across Europe.
• Berenberg Wealth Management: One of Germany's oldest private banks with a substantial wealth and asset management division for HNW and institutional clients. Overlaps with FIDUKA in DACH private wealth but operates at significantly larger scale under a broader banking license.
• Deka Bank: German savings-bank-affiliated asset manager with significant institutional and retail fund business. Competes with FIDUKA for institutional and association mandates in the German-speaking market.
• Union Investment: German asset manager owned by the cooperative banking sector, managing substantial retail and institutional assets. Competes with FIDUKA for institutional foundation and association mandates in the German-speaking market.

Direct peers

• Metzler Asset Management: Family-owned German asset manager with a long tradition of discretionary portfolio management for private and institutional clients. Comparable in longevity, family ownership, and bank-independent positioning.
• HQ Trust: German multi-family office offering discretionary wealth management for HNW entrepreneurs and families, including multi-generational support. Competes directly with FIDUKA for family-wealth mandates in Germany.
• GANÉ Aktiengesellschaft: Independent German value-oriented asset manager serving private and institutional clients with a focus on quality equities and defensive multi-asset strategies. Similar size, philosophy, and DACH client focus.
• DJE Kapital: German independent asset manager founded by Dr. Jens Ehrhardt, also bank-unaffiliated and combining value investing with proprietary quantitative models. Closely mirrors FIDUKA's independent, founder-legacy-driven wealth management approach.
• Flossbach von Storch: One of Germany's largest independent, founder-led asset managers, similarly focused on value-oriented, multi-asset portfolio management for private and institutional clients. Highly comparable business model, customer base, and independent positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fiduka
• YouTubeyoutube.com/channel/UCdGhE7yvLZ0lDaAQE7aGdLw

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 FIDUKA depot management