Hoevelrat Holding

What Hoevelrat Holding does

HÖVELRAT Holding AG is a Hamburg-domiciled, publicly listed holding company (Freiverkehr, Hamburg Stock Exchange since December 2005; ticker C9T, ISIN DE0005430300) that unites independent German wealth managers and financial service providers under a single corporate umbrella. The company's core offering is the HÖVELRAT 360°-Service — a shared backoffice covering Legal, Compliance, Organisation, Business Development, Marketing & Sales, HR, and Sustainability — which allows partner firms to focus on client advisory and investment management while outsourcing non-core functions. HÖVELRAT operates as a roll-up vehicle, bringing firms into the group either through acquisition or partnership, with partners retaining entrepreneurial independence over client strategies and investment philosophy.

The group currently consolidates four operating subsidiaries: PROAKTIVA GmbH (independent wealth management), TAM AG (acquired April 2024), ADVANCED SUSTAINABLE INVESTMENT GmbH (sustainable/ESG investment, fully acquired December 2025), and KAHLER & KURZ CAPITAL GmbH. Together these subsidiaries serve approximately 1,500 end clients with approximately €900 million in aggregated assets under management. The model explicitly targets owners of independent wealth managers seeking succession solutions and independent advisors seeking to escape administrative burden, positioning regulatory compliance complexity (BaFin, MiFID II, anti-money laundering) as the central wedge.

The revenue model is structured as recurring management fees and service fees on the partner-stake and backoffice arrangements, with no public pricing disclosed. At the holding level, the company runs a lean team (1–10 employees at the parent) and reports no disclosed revenue. Capital structure comprises 2,158,333 bearer shares at €1.00 nominal value; a July 2026 supervisory board share sale at €7.00 implies a market capitalization of approximately €15.1 million. Leadership comprises Board Speaker Torben Peters and Board Member Marc Schädler (both also managing directors of PROAKTIVA), with Prof. Dr. Stefan Mittnik chairing the supervisory board.

Name

Hoevelrat Holding

Legal name

HÖVELRAT Holding AG

Website

https://www.hoevelrat.de/

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

HÖVELRAT Holding AG is a Hamburg-listed holding that rolls up independent German wealth managers under a shared 360° backoffice (legal, compliance, marketing, HR), serving ~1,500 clients with ~€900M AUM via four subsidiaries.

Ownership category

akta.pro rank

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Management fees from subsidiaries: The holding generates revenue through ownership stakes in subsidiary wealth management companies (PROAKTIVA GmbH, TAM AG, ADVANCED SUSTAINABLE INVESTMENT GmbH, KAHLER & KURZ CAPITAL GmbH). These subsidiaries manage approximately 900 million EUR in client assets across approximately 1,500 customers.
2. 360° Service fees: The holding provides comprehensive backoffice services (Legal, Compliance, Organization, Business Development, Marketing, Sales, HR, Sustainability) to affiliated wealth managers for a fee, allowing partners to focus on core client service without administrative burden.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

HÖVELRAT Holding AG operates as a financial services holding company headquartered in Hamburg, Germany. Its core offering is the HÖVELRAT 360°-Service, a comprehensive backoffice and infrastructure solution for independent wealth managers, complemented by four operating subsidiaries covering active management, traditional asset management, sustainable investment advisory, and capital management.

Product overview

HÖVELRAT Holding AG operates as a holding company that unites independent wealth managers and financial service providers under a single umbrella. The core offering is the HÖVELRAT 360°-Service, a comprehensive backoffice service providing support across Legal, Compliance, Organisation, Business Development, Marketing, Sales, Personnel, and Sustainability. The company holds four principal subsidiaries: PROAKTIVA GmbH (wealth management), TAM AG (wealth management), ADVANCED SUSTAINABLE INVESTMENT GmbH (sustainable/ESG-focused investment management), and KAHLER & KURZ CAPITAL GmbH (wealth management). Together, these entities serve approximately 1,500 customers with approximately €900 million in assets under management.

Differentiator

Problem solved

Functional benefit

Products and services

• HÖVELRAT 360°-Service

Quantifiable outcome

• 900 million EUR in assets under management
• +1 more outcomes

Segments3 records

Ideal customer profiles1 record

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 core and minor.

• TAM AGcoreStrategic or Co-development Partner · 8 April 2024TAM AG (likely T.A.M. Vermögensmanagement) was acquired by HÖVELRAT in April 2024. The company operates as a subsidiary under the holding, providing wealth management services while benefiting from shared backoffice support.
• Sutor Bank (Private Banking Team)minorStrategic or Co-development Partner · 2 January 2023The private banking team of Sutor Bank transitioned to PROAKTIVA GmbH in January 2023, bringing additional expertise and client relationships to the subsidiary company.
• ADVANCED SUSTAINABLE INVESTMENT GmbHcoreStrategic or Co-development Partner · 2 February 2022Originally acquired as a minority stake in 2022 and increased to full ownership in December 2025. Specializes in sustainable/sustainable investment strategies. The company launched the 'Fight For Green' equity fund and operates under HÖVELRAT's 360° service model.
• QUANT IP GmbHminorStrategic or Co-development Partner · 1 May 2021PROAKTIVA GmbH entered into a cooperation with QUANT IP GmbH regarding patent funds, expanding the service offerings available to clients through specialized investment products.
• PROAKTIVA GmbHcoreStrategic or Co-development PartnerA subsidiary of HÖVELRAT Holding AG providing wealth management services. PROAKTIVA serves as one of the core operating companies under the holding structure, offering independent investment management to private clients. The subsidiary benefits from the holding's 360° backoffice services.
• KAHLER & KURZ CAPITAL GmbHcoreStrategic or Co-development PartnerA subsidiary of HÖVELRAT Holding AG providing wealth management services. One of the four current partner companies operating under the HÖVELRAT model with access to shared backoffice services.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Lloyd Fonds AG: Hamburg-based listed asset and wealth management company operating a multi-affiliate model with a focus on wealth solutions, fund products, and succession for advisors. Directly comparable in geography, listing venue, and multi-entity asset management structure.
• Shareholder Value Beteiligungen AG: Frankfurt-listed small-cap holding company with participations in financial services and asset management firms. Comparable in being a small-cap listed holding that consolidates financial services participations and provides back-office / strategic support.
• FPM Frankfurt Performance Management AG: Small-cap Frankfurt-listed independent asset manager providing portfolio management and investment advisory to private and institutional clients. Comparable as a listed German wealth manager with overlapping target market (HNW/UHNW) and similar backoffice-driven business model.
• Effecten-Spiegel AG: Frankfurt-listed independent wealth manager serving private clients with portfolio management and investment advisory. Comparable as a listed German independent wealth management firm with overlapping HNW client base and BaFin-regulated operations.
• VIB Vermögen AG: Small-cap German listed holding managing real estate and financial assets. Comparable in being a small-cap German listed holding that consolidates participations and provides shared services across subsidiaries, though its core asset class is real estate.
• MBB SE: Berlin-listed industrial and services holding company pursuing a long-term buy-and-build strategy in Mittelstand companies. Comparable as a small-cap German listed holding that acquires and supports independent operating companies with shared services — same structural philosophy.
• Patriarch Multi-Manager GmbH: German multi-family office and wealth manager that consolidates independent advisor relationships under a single platform with shared investment and backoffice infrastructure. Directly comparable as a German consolidator platform serving independent wealth managers with shared services.

Emerging players

• FinLab AG: Frankfurt-listed holding company investing in fintech and financial services companies. Comparable as a small-cap listed German holding with participations in financial services firms, though with a more venture-style investment approach.

Broad incumbents

• Baader Bank AG: German bank and capital markets services provider offering brokerage, asset management, and banking-as-a-service to independent wealth managers and financial advisors. Comparable as a broad incumbent that supports the German independent advisor ecosystem with backoffice-style services.
• Bethmann Bank (ABN AMRO): Frankfurt-based private bank focused on HNW/UHNW wealth management and independent advisor services within the ABN AMRO group. Comparable as a broad incumbent that serves independent wealth managers and offers backoffice/outsourcing services in the same German market.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hoevelrat

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 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 Hoevelrat Holding