Quirin Privatbank

What Quirin Privatbank does

Quirin Privatbank AG is a Berlin-based independent German private bank founded in 2006 by Karl Matthäus Schmidt, a 6th-generation banker. The company provides fee-only wealth management and advisory services to affluent individuals and families across Germany, operating exclusively on a transparent all-inclusive performance fee (Leistungspauschale) model with no hidden product commissions — a positioning the bank describes as unique in the German market. The firm manages EUR 10.5 billion-plus in assets under management for more than 115,000 clients through approximately 300 employees and a hybrid network of 15 physical branch offices across major German cities.

The core investment methodology is grounded in Modern Portfolio Theory, using broadly diversified ETF and fund-based portfolios built on evidence-based financial market research rather than speculation or forecasting. The technology stack combines a personal advisory channel with proprietary digital tools — the Quirin App for mobile portfolio monitoring, the Q-Navigator online wealth planner, the quirion Robo-Advisor platform (launched 2013 as Germany's first robo-advisor), and quirion.Ai, an AI-powered conversational wealth advisor that uses natural language processing and integrates ChatGPT/OpenAI for generating financial guidance. The bank also runs a Capital Markets Operations unit serving institutional clients with corporate finance, research, and market services.

Quirin generates revenue through recurring fee streams — primarily the Leistungspauschale on advisory mandates and management fees on quirion robo-advisor portfolios — supplemented by capital markets services. Distribution is hybrid: in-person advisory across 15 German cities, digital self-service through app and online banking, and a dedicated low-cost digital channel via quirion. The company also pursues vertical-specific acquisition (e.g., a doctors-and-pharmacists segment) and ESG-certified sustainable portfolios to broaden addressable demand.

Name

Quirin Privatbank

Legal name

Quirin Privatbank AG

Website

https://quirinprivatbank.de

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

251–500 employees

Short description

Quirin Privatbank AG is an independent German private bank offering fee-only wealth management and advisory services to affluent individuals and families across 15 German cities and digital channels, managing EUR 10.5B+ in assets for over 115,000 clients.

Ownership category

akta.pro rank

Product category

Private Banking

NAICS

Depository Credit Intermediation (5221), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

akta.pro secondary industries

Investment Management Advisory (RIA) (FSAEAAAB), Family Wealth & Multi-Generational Planning RIAs (HNW/UHNW-lite) (FSAAACAH), Fee-Only Advisory (FSAEAAAL)

Keywords

• Private banking
• Wealth management
• Robo-advisory
• Investment advisory
• Asset management

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices15 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Fee-Based Wealth Management (Leistungspauschale): Quirin Privatbank operates as an independent, fee-only private bank, charging clients a transparent all-inclusive performance fee (Leistungspauschale) for the entire family. The bank explicitly does not receive hidden commissions from product providers, differentiating it from traditional commission-driven banks. This is the primary revenue stream.
2. Robo-Advisor quirion Management Fees: The quirion Robo-Advisor generates recurring management fees from automated ETF-based portfolio management. Fees are typically a percentage of assets under management (AUM), competitive with digital wealth management platforms.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Quirin Privatbank AG is an independent, fee-only German private bank providing scientifically-grounded wealth management and investment advisory for affluent individuals and families. The bank charges a transparent all-inclusive performance fee (Leistungspauschale) covering the entire family and explicitly does not earn hidden product commissions. Services are delivered through 15 physical branches, the Quirin App, the Q-Navigator wealth planner, the quirion.Ai AI advisor, and the quirion Robo-Advisor platform.

Product overview

Quirin Privatbank operates as a unified private banking and wealth management platform offering both digitally-enabled services and traditional advisory. The core platform provides scientifically-grounded wealth management and independent financial advisory, complemented by the proprietary Robo-Advisor quirion (launched 2013) for automated ETF-based investing. AI capabilities are delivered through quirion.Ai for conversational financial advisory. The ecosystem includes the Quirin-App for mobile banking, Q-Navigator for digital financial planning, and various portfolio products (ETF-Sparplan PLUS, Globales ETF-Portfolio, Nachhaltiges ETF-Portfolio, Megatrends-Portfolio). Additional services include Capital Markets Operations for institutional clients, Depot-Check for portfolio analysis, and Cash-Invest for liquid assets. The company manages approximately EUR 10.5 billion in assets under management across over 115,000 clients.

Differentiator

Problem solved

Functional benefit

Brands

• quirion: AI-powered wealth management assistant and Germany's first Robo-Advisor, launched in 2013.
• quirion.Ai
• Quirin App

Products and services

• Quirin Privatbank Wealth Management (Private Banking) Independent, fee-based private banking and wealth management service for affluent German individuals and families, built on Modern Portfolio Theory and evidence-based portfolio construction using diversified ETFs and asset-class funds. Includes personal advisory, transparent all-inclusive flat fee (Leistungspauschale), and access to digital planning and monitoring tools.
• Robo-Advisor quirion Fully digital, automated investment management service offering globally diversified ETF portfolios, sustainable ETF portfolios, and megatrend-themed portfolios with low-cost AUM-based management fees. Operates as a separate self-service platform (quirion.de) targeting cost-conscious retail investors.
• Capital Markets Operations Investment banking and capital markets services for corporate and institutional clients, including corporate finance advisory, institutional research, and market operations such as serving as custodian bank in corporate transactions (e.g., public share repurchase offers).
• Quirin-App Mobile banking and portfolio monitoring application for iOS and Android that allows Quirin clients to track their portfolio and investment strategy on the go, with secure access to banking services.
• quirion.Ai (AI Wealth Advisor) AI-based virtual wealth advisor that uses natural language processing and generative AI to provide conversational financial guidance and investment recommendations. Integrated into the quirion Robo-Advisor offering, with chat history stored for training with user consent.
• Q-Navigator (Online Wealth Planner) Online financial planning tool that helps clients model and plan their financial future across multiple life goals including wealth accumulation, family provision, retirement, real estate investment, life dreams, and business finances.
• Depot-Check (Portfolio Review) Free second-opinion portfolio analysis service that evaluates an existing securities portfolio and provides recommendations for optimization, offered as an entry point to attract new clients to Quirin's wealth management.
• ETF-Sparplan PLUS ETF-based savings plan with enhanced features for systematic, cost-effective wealth accumulation through diversified index fund investments.
• Globales ETF-Portfolio (Global ETF Portfolio) Globally diversified ETF portfolio providing broad international market exposure through index-based investment products, managed under Quirin's evidence-based methodology.
• Nachhaltiges ETF-Portfolio (Sustainable ETF Portfolio) Sustainable / ESG-compliant ETF portfolio for environmentally and socially conscious investors, certified under the Nachhaltigkeitsportfolio Signet RR and ESG seals from Sustainalytics and ESG rating agencies.
• Megatrends-Portfolio Thematic investment portfolio targeting long-term megatrends such as technological innovation, demographic change, and sustainability, implemented through diversified ETF-based exposure.
• Cash-Invest (Tagesgeld) Overnight deposit / term deposit (Tagesgeld) product for liquid asset management, offering competitive interest rates for short-term cash parking within Quirin's product ecosystem.

Quantifiable outcome

• Average annual return of 8.94% p.a. in wealth management with 100% equity allocation (after all costs), significantly above inflation. EUR 100,000 invested in 2012 grew to approximately EUR 330,000.
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability3 records

Feature4 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Scalable Capital: Leading German Robo-Advisor and broker offering automated ETF-based portfolio management and a B2B platform (Scalable Wealth). Directly competes with quirion on automated wealth management and pressures Quirin's fee-only premium with low-cost digital pricing.
• Liqid: German digital wealth manager offering semi-liquid alternative and ETF portfolios to affluent and HNW clients. Overlaps directly with Quirin's affluent-segment offering and targets the same independent-advice narrative.
• Flossbach von Storch: Independent German asset manager founded on similar evidence-based, diversification-first principles, managing multi-billion EUR AUM for affluent private clients. Direct competitor to Quirin in the independent, fee-based, scientifically-grounded wealth management niche.
• Whitebox: German Robo-Advisor and online wealth manager providing scientific, factor-based ETF portfolios. Closely comparable to quirion on methodology (evidence-based portfolio construction) and target segment (German retail and affluent investors).
• Oskar (by Brokerage): German Robo-Advisor offering automated, low-cost ETF portfolios to retail and affluent investors, with a child-focused investment product. Comparable to quirion in digital-first, fee-based wealth management targeting the German retail market.

Broad incumbents

• Deutsche Bank Wealth Management: Private banking and wealth arm of Germany's largest universal bank, serving HNW and UHNW clients with global capabilities. Comparable as a broad incumbent offering fee-based and discretionary wealth management alongside banking products.
• DKB (Deutsche Kreditbank): German direct bank with growing online brokerage and wealth products. Competes with Quirin for digital-first German retail and affluent investors through low-cost brokerage and ETF savings plans.
• MLP SE: Established German financial advisory and banking group serving affluent and professional clients with cross-selling of banking, insurance, and wealth products. Overlaps with Quirin on affluent advisory but operates a broader, more legacy product portfolio.
• Commerzbank Wealth Management: German universal bank with a dedicated private and corporate wealth division. Comparable incumbent competitor to Quirin with branch distribution across Germany and a fee-based advisory offering.

Regional players

• True Wealth: Swiss Robo-Advisor offering automated ETF portfolio management with a passive, evidence-based philosophy mirroring quirion's methodology. Comparable on product and approach but operates in Switzerland rather than directly in Germany.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/quirinprivatbank
• Xx.com/quirinbankag

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Quirin Privatbank