TAM

What TAM does

TAM AG Vermögensverwaltung is an independent, BaFin-regulated wealth management firm headquartered in Hamburg, Germany, operating additional branches in Biedenkopf, Mannheim, and Oldenburg. The firm is a subsidiary of HÖVELRAT Holding AG and has held BaFin authorization under the Securities Institutions Act (WpIG) since February 11, 2006, covering financial portfolio management, investment brokerage, contract brokerage, and investment advisory. The company is a member of the Verband unabhängiger Vermögensverwalter Deutschland e.V. (VuV), the German Association of Independent Asset Managers, and is obligated to participate in VuV-Ombudsstelle dispute resolution proceedings.

The firm operates three core service lines: (1) Individuelle Vermögensverwaltung — discretionary portfolio management across all exchange-listed financial instruments, with composition and weighting determined by each client's individual return and risk parameters; (2) Standardisierte Fonds-Vermögensverwaltung — entry-level wealth management using predefined, risk-tiered strategy profiles; and (3) Fondsadvisory & Fondsmanagement — strategic and tactical asset management advisory for portfolio managers, financial service providers, and family offices. TAM AG also manages its own branded fund, TAM Fortune Rendite, launched in 2010 and re-rated in January 2023. The underlying technology is standard web infrastructure (HTML5, SSL, Google Analytics), with no proprietary platform; service delivery relies on personal advisory rather than digital self-service.

TAM AG's go-to-market is direct, relationship-driven advisory targeting affluent private clients ("Mandanten") seeking individualized wealth management, alongside institutional clients in the advisory segment. Revenue is recurring, derived from AUM-based management fees on mandates plus advisory retainers; pricing is not publicly disclosed and is determined through direct client consultation under multi-year contracts. Marketing is conducted primarily through quarterly capital market reports, a consent-based newsletter, LinkedIn content distribution, and regional sports sponsorships (VfL Oldenburg women's handball). Leadership comprises a five-person Vorstand led by CEO Michael Timm, following a 2021 board transition in which founding member Friedrich Viebrock retired and was succeeded by Ingo Asalla.

Name

TAM

Legal name

TAM AG

Website

https://tam-ag.eu

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

TAM AG is a BaFin-regulated, independent German wealth management firm (subsidiary of HÖVELRAT Holding AG) offering individualized and standardized portfolio management plus advisory services to affluent private clients, family offices, and financial service providers across four German offices.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Other Investment Pools and Funds (5259), Open-End Investment Funds (525910)

SIC

Finance Services (6199)

akta.pro primary industry

Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)

akta.pro secondary industries

Investment Management Advisory (RIA) (FSAEAAAB), Values-Based/ESG & Impact-Focused RIAs (FSAAACAK)

Keywords

• Wealth management services
• Portfolio management
• Asset management
• Fund advisory
• Independent asset manager

Headquarters

HQ city

Rellingen

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Individual Wealth Management (Individuelle Vermögensverwaltung): TAM AG provides individualized portfolio management investing in all exchange-listed financial instruments. Composition and weighting are determined by each client's individual return and risk parameters. Fees are likely charged as a percentage of assets under management or as a fixed retainer, typical for German wealth management mandates.
2. Standardized Fund-Based Wealth Management (Standardisierte Fonds-Vermögensverwaltung): Entry-level wealth management using clearly defined strategies that differ in risk weighting, return targets, and volatility ranges. Clients select from predefined strategy profiles, typically managed through investment funds with associated management fees.
3. Fund Advisory and Fund Management (Fondsadvisory / Fondsmanagement): Strategic and tactical asset management services for portfolio managers, financial service providers, and family offices. Supports implementation of investment guidelines using permitted instruments and asset classes. Revenue likely generated through advisory fees or retainers.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

TAM AG is an independent German wealth management firm offering individualized portfolio management across all exchange-listed financial instruments, standardized fund-based wealth management with predefined risk/return strategies, and strategic/tactical fund advisory and management services for portfolio managers, financial service providers, and family offices. The firm also operates its own branded fund, TAM Fortune Rendite, launched in 2010.

Product overview

TAM AG is an independent wealth management firm offering three core service lines: (1) Individuelle Vermögensverwaltung — individualized portfolio management across all exchange-listed instruments tailored to client risk/return profiles; (2) Standardisierte Fonds-Vermögensverwaltung — standardized, strategy-based wealth management for clients seeking an entry-level approach; and (3) Fondsadvisory & Fondsmanagement — advisory and management services for institutional clients including portfolio managers, financial service providers, and family offices. The firm also manages its own branded fund, TAM Fortune Rendite (launched 2010). Services are delivered across multiple German locations (Hamburg, Biedenkopf, Mannheim, Oldenburg) under HÖVELRAT Holding AG ownership, with authorized securities services including financial portfolio management, investment mediation, contract mediation, and investment advisory under WpIG.

Differentiator

Problem solved

Functional benefit

Brands

• TAM Fortune Rendite: A fund launched by TAM AG in 2010, which received new ratings as reported in January 2023.

Products and services

• Individuelle Vermögensverwaltung (Individual Wealth Management) Individualized portfolio management service enabling investments across all exchange-listed financial instruments, with portfolio composition and weighting determined by client-specific return and risk parameters. Targeted at affluent private clients seeking tailored, discretionary portfolio management.
• Standardisierte Fonds-Vermögensverwaltung (Standardized Fund-Based Wealth Management) Entry-level wealth management using standardized strategies with clearly defined risk weighting, return targets, and volatility ranges. Clients select from pre-defined investment approaches managed through investment funds.
• Fondsadvisory & Fondsmanagement (Fund Advisory & Management) Strategic and tactical asset management services for portfolio managers, financial service providers, and family offices. Supports implementation of investment guidelines using permitted instruments and asset classes.
• TAM Fortune Rendite Investment fund managed by TAM AG, launched in 2010, that received new analyst ratings as of January 2023 reflecting positive long-term performance signals.

Named customers4 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered minor and core.

• VfL Oldenburg (Handball Bundesliga Frauen)minorOthers · 23 March 2022TAM AG has a sports partnership with the VfL Oldenburg women's handball team (1st Bundesliga). The partnership supports the club's youth work and talent development program for female handball players with a regional connection. TAM AG, based in Oldenburg, is located near the team's home arena (EWE Arena). The club has won multiple titles including German Pokalsieger (1981, 2009, 2012, 2018), Supercup Sieger (2009), and Europa Cup Sieger (2008). TAM AG also organizes joint events such as golf days with the team.
• HÖVELRAT Holding AGcoreOthersTAM AG is a company of the HÖVELRAT Holding AG group. HÖVELRAT Holding AG is the parent company of TAM AG, providing strategic oversight and corporate governance for the wealth management subsidiary.
• Verband unabhängiger Vermögensverwalter Deutschland e.V. (VuV)coreOthersTAM AG is a member of the Verband unabhängiger Vermögensverwalter Deutschland e.V. (VuV). Membership obligates TAM AG to participate in dispute resolution procedures of the VuV-Ombudsstelle for financial disputes arising from financial service contracts.
• VuV-OmbudsstelleminorOthersThe VuV-Ombudsstelle (VuV dispute resolution body) at Stresemannallee 30, 60596 Frankfurt am Main, is the designated arbitration body for financial disputes involving VuV member firms. TAM AG is obligated to participate in its proceedings.
• DUAL Deutschland GmbHminorOthersTAM AG maintains professional liability insurance (Vermögensschadens-Haftpflichtversicherung) through DUAL Deutschland GmbH, located at Schanzenstraße 36, 51063 Köln. This insurance coverage is a regulatory requirement for authorized securities institutions.
• Golf in HudeminorOthersTAM AG organized a corporate golf event ('Handball trifft Golfball') in partnership with the Golf in Hude facility, hosting the VfL Oldenburg handball team. The golf club provided the venue and instruction for the team-building event.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Flossbach von Storch: Cologne-based independent German wealth manager (Flossbach von Storch AG) offering individualized portfolio management and own-branded mutual funds to affluent private clients and family offices. Highly comparable to TAM AG in business model, regulatory standing (BaFin-authorized), and focus on independent, product-agnostic advice — but materially larger in AUM and headcount.
• DJE Kapital AG: Pullach-based independent German asset and wealth manager (DJE Kapital AG) regulated by BaFin, managing both retail mutual funds and individualized portfolio mandates. Direct peer to TAM AG given shared independent advisor positioning, BaFin authorization, and combination of fund and mandate offerings.
• MLP SE: Wiesloch-based German financial advisory and wealth management group (MLP SE) serving affluent private clients, family offices, and financial intermediaries with consulting-led portfolio advice. Comparable to TAM AG on private-client wealth management focus, multi-location advisory footprint, and ESG-integrated offerings.
• Quirin Privatbank AG: Berlin-headquartered German fee-only private bank (Quirin Privatbank) delivering independent financial advisory, portfolio management, and wealth planning to affluent clients and family offices. Highly comparable to TAM AG on independence-first positioning and mandate-based delivery model.

Broad incumbents

• Berenberg: Hamburg-based private and merchant bank (Berenberg Bank) with a significant asset and wealth management division serving affluent and institutional clients across Europe. Comparable mandate-based wealth offering to TAM AG but embedded within a full-service banking franchise.
• DWS Group: Frankfurt-listed global asset manager (DWS Group GmbH & Co. KGaA) operating one of Europe's largest fund complexes and offering portfolio management services. Comparable to TAM AG on investment-management regulation and German domicile, but at vastly different scale and with passive/active institutional product breadth.
• Baader Bank AG: Munich-headquartered German bank and capital-markets services provider (Baader Bank AG) with asset management, brokerage, and fund-advisory capabilities. Adjacent to TAM AG's Fondsadvisory/Fondsmanagement line and shares a BaFin-regulated German institutional client base.
• Hauck Aufhäuser Lampe: Frankfurt-based German private bank (Hauck Aufhäuser Lampe Privatbank AG) offering wealth management, asset management, and advisory services to affluent and institutional clients. Overlaps with TAM AG's individualized portfolio management line and ESG offerings.
• Bethmann Bank AG: Frankfurt-headquartered German private bank (part of ABN AMRO) offering classical private banking, portfolio management, and family-office services to affluent and UHNW clients. Overlaps with TAM AG's individualized Vermögensverwaltung but operates at materially larger scale with a broader product catalogue.
• Union Investment: Frankfurt-headquartered German asset manager (Union Investment Institutional Property and Retail) serving cooperative bank clients with pooled funds and portfolio solutions. Comparable to TAM AG on BaFin regulation and German wealth-management focus, but a cooperative-bank-owned incumbent rather than an independent RIA.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tam-ag

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 TAM