What Fidus Finanz does

Fidus Finanz AG is a Frankfurt am Main-based independent financial services firm founded in January 2020, supervised by BaFin and Deutsche Bundesbank as a Wertpapierinstitut. It operates three integrated business lines: (1) discretionary wealth management for affluent private clients, family offices, foundations, and institutional investors, built on individualized strategies and a global Core-Satellite approach using direct bonds, equities, cash, and selected funds; (2) fund advisory under a BaFin-regulated Haftungsdach that allows independent portfolio managers to launch their own investment funds, exemplified by the July 2025 Active Core Asset Management partnership covering a €350 million Short-Duration bond mandate; and (3) compliance and anti-money laundering consulting delivered through its wholly-owned subsidiary RegCon GmbH to smaller banks and financial service providers. The firm runs a high-performance portfolio management system with direct order interfaces to multiple custodian banks and an embedded in-house compliance department, and it is one of the first independent German wealth managers to obtain a MiCAR license for crypto asset services. Assets under management exceeded €1 billion in May 2025, with a stated target of €2 billion, and the firm is led by three managing directors (Volker Henkel as founder, Martin Ottmann, and Axel Rohr) supported by a supervisory board, an advisory board, and a bench of partners recruited from Deutsche Bank, HSBC Trinkaus, UBS, Credit Suisse, Hauck & Aufhäuser, and other established institutions. Distribution is direct via a Frankfurt headquarters and a Düsseldorf branch, supplemented by a dedicated business development function and executive thought leadership in German financial media.

Name

Fidus Finanz

Legal name

FIDUS Finanz AG

Website

https://fidus-ag.de

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Fidus Finanz AG is an independent Frankfurt-based wealth manager offering discretionary portfolio management, a BaFin-regulated fund advisory Haftungsdach, and compliance/AML consulting via its RegCon GmbH subsidiary to private, institutional, foundation, and family office clients, with over €1 billion in AUM.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (52591)

SIC

Investment Advice (6282), Finance Services (6199)

akta.pro primary industry

Institutional Consultants & Fiduciary Management (Investment Consulting) (FSAAAGAJ)

Keywords

• Independent wealth management
• Discretionary portfolio management
• Fund advisory services
• Regulatory umbrella structure
• Compliance consulting

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Wealth Management Fees: Fixed compensation calculated as a percentage of managed assets (portfolio volume). Additional variable compensation may apply based on investment performance exceeding a minimum return threshold.
2. Fund Advisory / Umbrella Services (Haftungsdach): Provides regulatory umbrella for independent portfolio managers wanting to launch their own investment funds. FIDUS offers advisory services and acts as liability shield, charging fees for platform access and compliance support.
3. Compliance Consulting (RegCon GmbH): RegCon GmbH, a wholly-owned subsidiary, provides regulatory consulting services including compliance documentation, risk analysis, monitoring measures, employee training, annual reports, and outsourced compliance/money laundering officer functions.
4. Crypto Asset Services: Following MiCAR license acquisition, FIDUS may offer cryptocurrency-related services including advice, reception and transmission of orders, and portfolio management for crypto assets.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Fidus Finanz AG is an independent German financial services firm offering discretionary wealth/portfolio management (Vermögensverwaltung) for affluent private and institutional clients, family offices and foundations, fund advisory and Haftungsdach (regulatory umbrella) services for independent portfolio managers launching their own investment funds, and compliance/anti-money laundering consulting for smaller banks and financial service providers through its subsidiary RegCon GmbH. The firm invests primarily in direct bonds, equities and cash, applying a global Core-Satellite approach. Assets under management surpassed €1 billion in May 2025, with a stated growth target of €2 billion.

Product overview

FIDUS Finanz AG operates as an independent financial services company offering three integrated business lines: (1) Wealth/Portfolio Management targeting affluent private clients, family offices, foundations, and institutional investors with discretionary investment management; (2) Fund Advisory/Haftungsdach providing a regulatory umbrella structure for independent portfolio managers seeking to launch their own investment funds; and (3) Compliance & Anti-Money Laundering Consulting delivered through its wholly-owned subsidiary RegCon GmbH. The company is headquartered in Frankfurt am Main with an additional office in Düsseldorf, and manages assets exceeding EUR 1 billion.

Differentiator

Problem solved

Functional benefit

Products and services

• Vermögensverwaltung (Discretionary Wealth/Portfolio Management) Discretionary portfolio management service for affluent private clients, family offices, foundations and institutional investors. Fidus decides independently, without prior client consultation, which financial instruments to buy or sell in the securities account, applying a global Core-Satellite approach investing primarily in direct bonds, equities and cash, supplemented by investment funds and certificates. Includes regular written portfolio reporting, integrated risk management and loss-threshold notifications.
• Fonds-Advisory / Haftungsdach (Fund Advisory and Regulatory Umbrella) BaFin-regulated Haftungsdach (liability umbrella) and advisory service for independent portfolio managers who want to launch and manage their own investment funds without obtaining a full own license. Fidus provides regulatory coverage, operational support and advisory, enabling fast, cost-effective fund launches. Noteworthy use case: Active Core Asset Management's €350M Short-Duration bond fund (rebranded to eNova Active Core EUR Ultra Short Term, planned ETF conversion).
• Beratung Compliance / Geldwäscheprävention (Compliance and Anti-Money Laundering Consulting) Regulatory compliance and anti-money laundering consulting for smaller banks and financial service providers, delivered through wholly-owned subsidiary RegCon GmbH. Services include compliance documentation, risk analysis, monitoring measures, employee training, annual reports, and outsourced compliance officer / money laundering prevention officer functions, delivered via outsourcing mandates or consulting engagements.
• Crypto Asset Services (MiCAR-licensed) Crypto asset services authorized under FIDUS's MiCAR license from BaFin, including crypto advisory, reception and transmission of orders, execution of orders, and portfolio management of crypto assets. Offered as an extension of the existing Vermögensverwaltung and advisory offerings.

Quantifiable outcome

• Assets under management surpassed €1 billion within five years of founding (January 2020 to May 2025)
• +1 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core, supporting and minor.

• Active Core Asset Management GmbHcoreStrategic or Co-development Partner · 1 July 2025Active Core Asset Management GmbH, a management buy-out by Wilhelm Wildschütz, uses FIDUS's umbrella liability structure (Haftungsdach). Wilhelm Wildschütz brought his Short-Duration bond fund (€350M) which was rebranded to eNova Active Core EUR Ultra Short Term and will be converted to an ETF. FIDUS acts as regulatory umbrella while Active Core manages the fund strategy.
• HAL Fund Services Ireland (HALFI)supportingOthersHAL Fund Services Ireland (HALFI), a wholly-owned subsidiary of Hauck & Aufhäuser Fund Services S.A., provides fund administration services for the Active Core partnership. Continues as service provider in the new structure.
• JP MorgansupportingOthersJP Morgan serves as the custodian bank for the Active Core fund structure.
• Hauck Aufhäuser LampesupportingChannel Partner/ Reseller/ DistributorHauck Aufhäuser Lampe (HAL) serves as an additional distribution partner for the Active Core fund.
• Lampe Asset ManagementminorOthersLampe Asset Management remains part of the partnership arrangement with Active Core.
• RegCon GmbHcoreOthersRegCon GmbH is FIDUS's wholly-owned subsidiary (100%) providing regulatory consulting services. It offers compliance and anti-money laundering support including documentation, risk analysis, monitoring measures, staff training, annual reports, and outsourced compliance/AML officer functions to financial service companies.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• DJE Kapital AG: Independent German asset and wealth manager (Pullach) managing multi-asset funds and discretionary portfolios for private and institutional clients. Directly comparable business model and target segments to FIDUS's Vermögensverwaltung line.
• StarCapital AG: German independent asset manager focused on multi-asset and equity funds for private and institutional clients. Comparable independent wealth/fund management model; Karl-Heinrich Mengel served as Vorstand and Partner at StarCapital before joining FIDUS.
• Flossbach von Storch AG: One of the largest independent wealth managers in Germany, headquartered in Cologne. Directly comparable to FIDUS as a BaFin-regulated independent multi-asset manager serving private and institutional clients without bank or insurer product dependencies. Wilhelm Wildschütz (Active Core) is a former Flossbach von Storch professional, illustrating direct talent overlap.
• Frankfurter Bankgesellschaft (FBG): Frankfurt-based independent private bank focused on wealth management for private clients, family offices, and foundations. Highly comparable in geography, target clientele, and product mix; Beirat member Dr. Gerhard Kebbel was previously Generalbevollmächtigter and Vorstand at FBG.
• Donner & Reuschel AG: Hamburg-based private bank providing discretionary wealth management for HNW private clients, foundations and family offices. Directly comparable in target segments and Vermögensverwaltung focus; multiple FIDUS Düsseldorf partners previously held senior roles at HSBC Trinkaus and other comparable houses in the same competitive set.
• Capitell AG: Frankfurt-based independent wealth manager for private and institutional clients. Highly comparable in size and product focus; Karl-Heinrich Mengel (now joining FIDUS as partner) was previously Vorstand and CIO at Capitell AG, indicating direct operational overlap.

Emerging players

• Scalable Capital: German digital wealth manager offering automated and semi-automated portfolio management with significantly lower fees. An adjacent competitor for mass-affluent clients that pressures traditional independent wealth managers' fee structures at the lower end of FIDUS's target segments.

Broad incumbents

• Hauck & Aufhäuser Lampe Privatbankiers: Frankfurt-based private bank offering wealth management, asset management, and fund services. Comparable as a German private bank competitor and existing counterparty (Hauck Aufhäuser Lampe distributes the Active Core fund, and multiple FIDUS alumni previously worked there).
• Bethmann Bank (ABN AMRO): Frankfurt-based private bank specializing in discretionary wealth management for HNW private clients, foundations and family offices in Germany. Comparable in target segments and Vermögensverwaltung offering, though part of a larger banking group (ABN AMRO).
• Berenberg Bank (Gössa, Berenberg, Gossler & Co.): One of Germany's oldest and largest private banks, with substantial wealth and asset management divisions serving private, foundation, and institutional clients across Europe. Comparable target market and Vermögensverwaltung capabilities, with materially larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fidus-finanz-ag

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Subsidiaries1 record

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 Fidus Finanz