Question 1

What is Quirin Privatbank?

Accepted Answer

Quirin Privatbank AG is Germany's first fee-based advisory bank (Honorarberaterbank), specializing in independent wealth management and private banking services. Founded as Berliner Effektenbank in 1998 and headquartered in Berlin, the bank serves high-net-worth individuals and their families through a network of more than 10 offices across Germany. With total assets of approximately €1.46 billion, Quirin Privatbank has pioneered a unique business model in German banking by charging transparent, flat-rate fees rather than earning commissions from product sales, ensuring truly independent financial advice.

Question 2

When was Quirin Privatbank founded?

Accepted Answer

The bank was founded in 1998 as Berliner Effektenbank. In 2000, it became 85% owned by Consors (with 15% held by Berliner Effektengesellschaft) and was renamed Consors Capital Bank. After BNP Paribas acquired Consors, the Berliner Effektengesellschaft, together with board members Klaus-Gerd Kleversaat and Johannes Eismann, bought back the bank in 2003.

In 2005, the bank integrated Setis Bank (a transaction banking outsourcing provider) and was renamed CCB Bank. On May 23, 2006, it adopted the name quirin bank AG and went public on October 12, 2006. The bank rebranded to its current name, Quirin Privatbank, in 2017, reflecting its evolution into Germany's leading fee-based private banking institution.

Question 3

Where is Quirin Privatbank headquartered?

Accepted Answer

Quirin Privatbank is headquartered in Berlin, Germany. The Berlin office, opened in 2006, serves as both the legal headquarters and the bank's largest advisory center.

Question 4

Where does Quirin Privatbank operate?

Accepted Answer

Quirin Privatbank operates throughout Germany with offices in Berlin (headquarters), Bautzen, Bremen, Darmstadt, Düsseldorf, Frankfurt am Main, Freiburg im Breisgau, Hamburg, Hannover, Hof, Köln (Cologne), Munich, Nuremberg, and Stuttgart, plus a representative office in Wiesbaden. The Berlin office serves an extensive region from the Baltic Sea coast (Rostock) to Leipzig and from Berlin to Dresden.

Question 5

What services does Quirin Privatbank offer?

Accepted Answer

Quirin Privatbank provides independent wealth management through two core service models: Vermögensverwaltung (portfolio management) and Vermögensberatung (investment advisory), both compensated through transparent, volume-based or performance-based fees. The bank offers comprehensive financial planning services including portfolio optimization, private and corporate pension planning (Altersvorsorge), real estate financing advice, and insurance solutions with neutral market overviews.

The bank's investment philosophy, branded "Markt – Meinung – Wissen" (Market – Opinion – Knowledge), is based on academic capital market research and employs diversified, prognosis-free investing to deliver fair market returns. The bank invests globally using cost-efficient exchange-traded funds (ETFs) and institutional asset class funds rather than proprietary products. Historical performance data shows the bank achieved an average annual return of 8.99% for its 100% equity portfolio (Vermögensverwaltung Markt) after all costs, significantly outpacing inflation—€100,000 invested in 2011 grew to approximately €260,000.

Digital wealth management is offered through the subsidiary quirion, launched in 2013 and spun off in 2017, providing algorithm-based portfolio management for smaller investments starting from €1,000. The bank also operates an investment banking division advising mid-sized companies on equity and debt financing, mergers and acquisitions, IPOs, and other corporate transactions, having completed over 250 transactions worth approximately €7 billion.

Question 6

What makes Quirin Privatbank unique?

Accepted Answer

Quirin Privatbank revolutionized German banking by becoming the country's first bank exclusively offering fee-based advisory services, eliminating conflicts of interest inherent in commission-based models. The bank is registered in BaFin's Honorar-Anlageberaterregister (fee-based investment advisor register) and operates under §36d of the German Securities Trading Act (Wertpapierhandelsgesetz). All hidden commissions and kickbacks from product providers are returned to clients, ensuring complete alignment with customer interests.

The bank's governance reflects its independent ethos: Berliner Effektengesellschaft AG holds 25.3%, Riedel Holding 14.9%, the management board 19.0%, with 40.8% in free float. The bank has been recognized on the Financial Times' list of fastest-growing European companies and consistently ranks first in customer satisfaction surveys. Its holistic approach treats wealth management as part of comprehensive life planning, offering family-wide service packages and maintaining personal advisor relationships through market volatility.

Question 7

What type of financial institution is Quirin Privatbank?

Accepted Answer

Quirin Privatbank AG is a Privatbank (private bank) organized as an Aktiengesellschaft (joint-stock company) specializing in Honorarberatung (fee-based advisory services). It holds a full German banking license and operates as a Kreditinstitut (credit institution) supervised by the German Federal Financial Supervisory Authority (BaFin). The bank is Germany's first and leading Honorarberaterbank, a unique institution type that exclusively provides investment advice on a fee basis rather than through product commissions. Deposits are protected by the Entschädigungseinrichtung deutscher Banken GmbH (EdB) statutory deposit guarantee scheme, covering up to €100,000 per depositor. This independent structure ensures that the bank serves solely as a fiduciary for clients, comparable to the relationship between clients and their attorneys or tax advisors.

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About Quirin Privatbank in Germany