FondsConsult Research

What FondsConsult Research does

FondsConsult Research GmbH is a Munich-based, privately held independent fund research and consulting firm founded in 1993, registered with BaFin under the Market Abuse Regulation and Delegated Regulation 2016/958 for the production of investment strategy and investment recommendations. It sells compliance-ready fund analysis, Buy/Hold/Sell recommendations, continuous monitoring, and an intuitive fund database to a horizontal B2B client base of commercial and savings banks (Depot A and Depot B), insurance companies, and fund distributors, primarily in the German-speaking European market, with secondary reach to professional advisors, wealth managers, and interested investors through studies and a newsletter.

The core technology stack is the proprietary FCR-Quant-Score — a quantitative performance-and-risk scoring instrument co-developed with the Technical University of Munich — combined with Smart Fund Benchmarking for peer-group comparison, the ESG Credibility Score across 120+ fund companies, and the monthly FondsConsult Investment Committee (FCIC), which overlays qualitative expert assessments (supported by up to 600 fund manager interviews per year) on the quantitative output. Coverage spans traditional asset classes (equities, bonds, mixed funds, ETFs, liquid alternatives) and has been extended to Private Markets, ELTIFs, open-ended real estate funds, and open infrastructure special funds, with the database updated monthly across 6,000+ analyzed funds.

Commercially, FondsConsult operates a sales-led GTM with direct professional engagement (Analyst Desk, studies, investment committee output) and recurring subscription-based database access. Pricing is contact-based and not publicly disclosed, revenue is not reported, and no funding rounds, M&A, parent company, or headcount disclosures are available; managing directors Christian Michel and Said Yakhloufi lead a senior partner/analyst bench supported by data and quality management functions.

Name

FondsConsult Research

Legal name

FondsConsult Research GmbH

Website

https://fondsconsult.de

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Short description

FondsConsult Research GmbH is a Munich-based, BaFin-registered independent fund research firm that provides compliance-ready fund analysis, Buy/Hold/Sell recommendations, and a proprietary fund database to banks, insurance companies, and fund distributors in the DACH market.

Ownership category

akta.pro rank

Product category

Investment Fund Research & Consulting

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Investor Education, Research & Portfolio Analytics Services (Retail) (FSAAAAAO)

Keywords

• Fund analysis services
• Investment research
• Fund benchmarking
• ESG fund ratings
• Asset management consulting

Headquarters

HQ city

Munich

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Analysis and Consulting Services: B2B consulting services providing compliance-ready fund recommendations, product reviews, and continuous monitoring for banks, insurance companies, and fund distributors. Revenue derived from professional service engagements and database access subscriptions.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

FondsConsult Research provides independent, BaFin-registered fund analysis and investment consulting for institutional clients. Its core service combines continuous monitoring of more than 30,000 funds across all major asset classes with proprietary quantitative scoring (FCR-Quant-Score, Smart Fund Benchmarking, ESG Credibility Score) and buy/hold/sell recommendations issued by an independent investment committee. Delivery is provided through a proprietary database, an analyst desk, specialized private-markets and real-estate fund analysis, and recurring market studies.

Product overview

FondsConsult Research operates as a specialized outsourcing partner offering a comprehensive suite of fund analysis and selection services. The core offering centers on the FondsConsult Datenbank, an intuitive platform providing fund information, which integrates the proprietary Smart Fund Benchmarking (SFB) tool and the FCR-Quant-Score developed with TUM for quantitative analysis. The portfolio includes the ESG Credibility Score for sustainability assessment, Handlungsempfehlungen (Buy/Hold/Sell recommendations) developed through the monthly FondsConsult Investment Committee, exclusive studies on funds and asset management, the Analyst Desk for expert support, and specialized Private Markets & Real Estate fund analysis services.

Differentiator

Problem solved

Functional benefit

Products and services

• FondsConsult Database In-house fund data platform providing continuous monitoring, ranking, and detailed analysis of more than 30,000 funds across all major asset classes. Used by institutional clients (banks, insurance companies, fund distributors) for fund selection, due diligence, and product-governance support.
• Smart Fund Benchmarking (SFB) Proprietary benchmarking tool that continuously compares each fund against a peer group of comparable funds, providing a relative performance and risk assessment. Used by institutional clients to identify out- and underperformers within homogeneous peer universes.
• Analyst Desk Customized one-on-one consulting and ad-hoc analysis service for institutional clients, providing direct access to FondsConsult Research analysts for in-depth fund questions, bespoke research, and tailored recommendations. Used by banks, insurance companies, and fund distributors seeking specialized research beyond standard database subscriptions.
• Private Markets & Real Estate Fund Analysis Specialized analysis service dedicated to private markets and real estate funds, expanding the firm's institutional coverage into alternative asset classes. Used by institutional clients seeking independent, BaFin-registered analysis of less-liquid fund vehicles.

Quantifiable outcome

• Over 6,000 funds analyzed with monthly updates
• +2 more outcomes

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Technical University of Munich (TU Munich)coreStrategic or Co-development PartnerCollaboration with Technische Universität München (TUM) for the development of the FCR-Quant-Score, a quantitative scoring instrument that evaluates both performance and risk aspects of investment funds. This partnership combines academic rigor with practical fund analysis expertise.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Lipper (LSEG): Provides fund performance, holdings, and classification data, plus Lipper Leaders ratings for mutual funds and ETFs. A direct peer in fund-level quantitative and qualitative analytics, now part of LSEG/Refinitiv with global distribution and broader data infrastructure.
• Morningstar: Global leader in independent investment research and fund analytics, serving advisors, institutions, and asset managers. Directly comparable to FondsConsult in providing fund ratings, quantitative scoring, and qualitative research to B2B clients, but at much larger scale and broader geographic reach.
• VWD (Vereinigte Wirtschaftsdienste): German financial information and data services provider serving banks, insurers, and asset managers with market data and fund analytics. A direct peer in the DACH market for B2B investment data and analytics infrastructure.
• fundinfo: European fund data and document distribution platform providing fund data feeds, factsheets, and regulatory documents to distributors and asset managers. Comparable in serving B2B clients needing structured fund data and analytics across European fund universes.
• Square Mile Research: UK-based independent fund research firm providing Academy of Excellence-rated fund recommendations and due diligence to advisors and institutions. A like-for-like independent, qualitative-led fund research boutique competing for similar B2B mandates.

Broad incumbents

• Bloomberg: Global financial data and analytics platform serving institutional investors with portfolio analytics, fund data, and ESG tools. A broad incumbent whose fund analytics and research offerings sit alongside, but compete with, independent boutiques like FondsConsult.
• MSCI: Global provider of investment decision support tools, including ESG ratings, indexes, and portfolio analytics. Overlaps with FondsConsult in institutional ESG and fund analytics but operates at much larger scale across a broader product portfolio.
• ISS (Institutional Shareholder Services): Global provider of corporate governance, ESG, and investment research solutions to institutional investors. Comparable through its ESG and responsible-investing analytics serving European asset owners and asset managers, though anchored in governance rather than fund selection.
• FTSE Russell (LSEG): Provider of benchmarks, analytics, and ESG data for institutional investors. Overlaps with FondsConsult in serving European institutional clients with analytics for fund selection and ESG evaluation, though as part of a much broader index and data franchise.
• S&P Global (S&P Dow Jones Indices): Provides indices, ESG scores, and investment research used by asset managers, banks, and insurers. A broad incumbent in investment data and analytics whose fund-related offerings partially overlap with FondsConsult's institutional research.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fondsconsult

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 FondsConsult Research