Questions and answers

To do so, please notify us of your changes in writing and without any particular format, either by email or by post. If you choose to do so by post, please send the signed document to our address:

quirion AG
c/o Avaloq Sourcing (Europe) AG
Postfach 10 04 61
04004 Leipzig

If you have any questions, call us (+49 (0)30 89 201 - 400) or send us an email at info@quirion.de

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You receive statements from us for all account and securities account transactions. These are provided to you free of charge as PDF documents in your digital mailbox. There you can view or download the documents at any time.

You can place an order to close your portfolio at any time. We then sell your portfolio holdings and close the portfolio.

quirion invests only in liquid securities. Nevertheless, in exceptional situations (such as the US mortgage crisis) it may take longer before you receive your money.

All amounts that have not been collected by direct debit within the last eight weeks are available to you immediately after the sale. Due to the applicable direct debit agreement, which includes an eight-week right of revocation, we will only transfer the money that is still within this period to the reference account once the period has expired.

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You can top up your quirion portfolio at any time and by any amount. The process will take a few days. If you have selected “direct debit” as your payment method: Should you wish to close your quirion portfolio within eight weeks of the top-up, we will only transfer the top-up amount to you after the eight weeks have elapsed, due to the direct debit agreement and the associated rules on the return period for a direct debit.

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In our digital mailbox you will find all account and securities account notifications as well as customer information. They are available for download online in PDF format. The documents are stored permanently in the online archive. You will no longer receive these letters by post. No costs are incurred in doing so. You can use our mailbox free of charge.

Once your investment amount has been paid in, we invest it in the strategy you have chosen. Please understand that this can take a few days. After the securities have been booked, your investment will be displayed in the portfolio management area.

You can change the reference account you have stored with us at any time. To do so, please download the “Change of personal data” form. You can also find it at quirion.de/formulare. Send us the completed and signed order by post or as an attachment by email to info@quirion.de. We will take care of the rest.

You can change the mobile number we have on file at any time. You can submit this request to us online, from within your personal logged-in area. We will then verify your new mobile number. You are also welcome to submit this request to us in writing. To do so, please download the „Change of personal data“ document from the download area, fill it out, sign it, and send it back to us. We will take care of the rest.

You can conveniently change your personal details and registered address in your personal login area.
If you also wish to change, for example, your email address or other sensitive data, please download the "Change of personal data" form. You can also find it at quirion.de/formulare. Send us the completed and signed request by post or as an attachment by email to info@quirion.de. We will then take care of everything else for you.

More than most people expect – and the longer your money stays invested, the more it matters. Compound interest means your returns stay invested and earn returns of their own.

A worked example, not a forecast: at an assumed 5% return per year, €10,000 grows to around €16,300 in 10 years. Without compounding – if the returns were withdrawn every year – it would be €15,000. After 30 years the gap is wide: around €43,200 instead of €25,000. A good €18,000 of that comes from compounding alone.

Time is therefore the most important factor. In the first years the effect is barely visible; after that it grows faster and faster, because the base keeps growing. Starting earlier gives the effect more years – and that usually outweighs a higher savings amount later.

For the effect to work, returns have to stay invested. That is why quirion reinvests interest and dividends.

Important: the example assumes a constant return. Capital-market returns vary from year to year, and returns are not guaranteed. The long-term principle stays the same.

The advantages come down to time, ownership and your child's own tax allowances.

Time: there are many years until the 18th birthday, which is time enough to sit out market swings – so a high equity share is possible at the start. Getting in: a savings plan from €25 a month, one-off payments with no minimum. And anyone can pay in – grandparents, godparents, friends: all they need is the IBAN.

Ownership: the account is in your child's name, and the assets belong to your child from the very first instalment. That separates them from your own assets – they count neither in your initial nor in your final assets for equalisation of accrued gains, and if a creditor enforces against you, your child can defend its property. Tax: your child has allowances of its own, among them the €1,000 annual saver's allowance; with a non-assessment certificate roughly €13,384 of investment income a year stays tax-free (as at 2026).

And as with every investment in securities: prices fluctuate and losses are possible.

With a "normal" ETF savings plan at a bank or a broker, you usually invest your money in just one ETF, i.e. a single index. As a rule, you have to pick this one yourself. At quirion, you always invest – in the savings plan too – in a complete ETF portfolio made up of several ETFs as part of a managed portfolio. These are selected by a team of investment professionals on the basis of current financial market research. In this way, we bring almost the entire world market into your portfolio. That is not possible with a single ETF. In addition, our experts constantly monitor whether cheaper or even more suitable ETFs come onto the market and then adjust the portfolios accordingly at no extra charge. And: before you invest, quirion determines your personal risk-return profile and ensures that your portfolio matches this profile – not only at the time of investment, but also on an ongoing basis through regular rebalancing.

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Instead of an exemption order, you can submit a non-assessment certificate (NV-Bescheinigung).

You can obtain this from your tax office. In this case, you do not need an additional exemption order.

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If you are liable for church tax, we automatically pay the church tax portion of your withholding tax to the tax office on your behalf. This is what tax law requires.

You can submit an exemption order in your customer account under Settings > Exemption order.

If you have any questions, call us (+49 (0)30 89 201-400) or send an email to info@quirion.de.

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A portion of your capital gains (interest payments, price gains and dividend payments) always goes to the tax office. With the exemption order, you instruct your bank to exempt any capital gains that arise from the automatic tax deduction – to "release" them.

However, if you do not submit an exemption order, or if the capital gains exceed the statutory maximum limit, the credit institutions must pay 25 percent capital gains tax and 5.5 percent solidarity surcharge, and sometimes church tax as well, to the tax office on your behalf.

Depending on the product, the capital gains tax is calculated and paid to the tax office at different points in time. In the case of stocks, this happens when price gains or dividend payments have been credited to your account. Since 2023, the tax-free allowance has been 1,000 euros per person.

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The German Securities Trading Act (Wertpapierhandelsgesetz, WpHG) governs securities trading in Germany. Its main purpose is to oversee service providers that trade in securities as well as financial futures transactions. This protects you as a customer.

The WpHG requires securities services firms to advise you appropriately as an investor. The adviser must find out what experience you have with investments, what goals you are pursuing, what your financial situation is like and how willing you are to take risks. Only in this way can they recommend forms of investment that truly suit you.

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Almost all financial products come with ongoing management fees. The product provider deducts these fees from the fund's assets, for example, and keeps them. And it does so every year. Such costs also exist with certificates.

There they are called the „Management Fee“; „Fee“ stands for a charge. The product provider pays out parts of the management fee to the bank or the respective financial distributor. This payment is intended as an incentive for the distributors that sold the product. You receive the management fee from us in addition to the commission you paid when purchasing.

So the adviser gets paid both by you and by the product provider. They receive a commission for the products sold and therefore cannot advise you neutrally.

An example: You pay a so-called front-end load of 3 percent for an equity fund. In addition, the same equity fund charges an annual management fee of, say, 1.5 percent. Of this, your bank adviser or your bank receives, for example, 0.8 percent. These 0.8 percent are called kickbacks or trailer commissions.

At quirion, all kickbacks are credited to your account. quirion discloses all commissions so that you know exactly what you are paying.

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As an alternative to open-ended, actively managed investment funds, exchange traded funds (ETFs) have become established in recent years.

An ETF tracks a given index as closely as possible and adjusts its composition to match its reference value.

When you buy an MDAX ETF, for example, you get all the securities included in the MDAX in exactly their current market composition. If the composition of the MDAX changes, the composition of your ETF changes too.

As a result, the management and administration fees for an ETF are significantly lower. On average they are around 0.17 percent of the invested amount per year. When a fund manager actively looks after your investment funds, the costs rise to 1.5 to 2.5 percent per year.

At the same time, many studies show that in over 90 percent of cases an active fund manager cannot beat the index over the long term.

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These are fees you incur when purchasing a financial product. Depending on the product, they vary in amount. Commissions go to whoever sells you an investment – that is, the bank or an independent adviser.

At quirion there are no commissions. These do not apply to you. In the Digital package you only pay the fee of 0.48 percent on your invested amount. Not a cent more. This means that, apart from third-party charges, all transaction costs are included in the 0.48 percent.

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Fee-based advice is objective advice, like the kind you know from your tax advisor or lawyer.
Objectivity is only possible because the advisor receives no additional income from third parties. You pay them for their independent advice – you and no one else.

As a result, they have no interest in persuading you to buy a particular product. For a fee-based advisor, only your individual goals, needs, and wishes count.

The opposite of the fee-based advisor is the ordinary bank advisor, who receives a commission from fund or insurance companies for selling financial products so that the products sell better.

This commission is deducted from the buyer's investment amount, i.e. from your money, and thus reduces your profit.

An end to poor and overpriced products that are of no use to you!
Fee-based advice makes sense if you are not familiar with the subject matter and would like to hear the advice of an independent expert. Objective information is the best basis for decisions you can stand behind.

People have different levels of risk appetite. If you want to achieve high returns, you also have to reckon with high losses. If you prefer to play it safe, your wealth will grow only in small steps.

The so-called risk class describes the risk appetite of a person who invests their money in a capital investment. The experience they have already gained with investments also plays a role. With the help of risk classes, banks can quickly determine how intensive the advice needs to be. They are obliged to provide such advice under the German Securities Trading Act (Wertpapierhandelsgesetz).

Securities in higher risk classes carry a greater risk of loss. This has various reasons, for example a higher probability of default or a higher degree of volatility. The lowest risk applies to fixed-term deposits, overnight deposits or savings deposits. They all have the investment objective of long-term and secure wealth building.

The highest risk class contains forms of investment such as futures, which can lead to a total loss but in return also promise high returns. quirion does not offer this risk class. DAX stocks lie in the middle.

quirion requires that you have gained at least two years of experience with securities (fixed-income securities, bonds, equities, equity funds, currency-related equities/bonds, certificates, warrants and alternative investments). You should have carried out at least two transactions per year with invested assets of 3,000 euros. If this is not the case, please read through the Basic Information on Securities Transactions, which you can also find in the download section, and confirm on registration that you have understood the risks of securities.

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If you opt for our Global Portfolio, you invest across the entire breadth of the market. From the risk you are willing to take, we derive the composition of your portfolio. More equities mean more risk – but also more return. More bonds, by contrast, reduce the risk – but also the return.

The Global Portfolio is generally suitable for building wealth. You can also take out our Global Portfolio in a sustainable variant.

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Yes. quirion is available as an app for iPhone and for Android.

You can find it in the App Store and on Google Play. Search for “quirion”.

When you open your account, you can verify your identity directly in the app. That is the easiest way. Identity verification also works on your computer or at a Deutsche Post branch.

Your account is always with you in the app. The app is free.

You track your portfolio and its performance at any time. You set up savings plans, top up your investment or withdraw money again.

You manage individual, joint and children’s accounts in one place. Activities, transactions and documents are all in view there.

You can also open your account in the app. Video identity verification is easiest there.

You can find the app in the App Store and on Google Play. Search for “quirion”.

Safety means two things here: who owns the money and what happens in an insolvency.

Legally the assets belong to your child. The account is in your child's name and every payment in is a gift; until your child comes of age the legal guardians manage it as someone else's assets, separate from their own.

The account is held by Quirin Privatbank AG, which has a full banking licence and is supervised by BaFin. The funds invested in are ring-fenced assets, legally separate from the fund company's own assets. If the fund company, the bank or quirion became insolvent, the fund units would remain your child's. Cash on the settlement account is a deposit and is covered by the statutory deposit guarantee, up to €100,000 per customer.

None of this protects against market movements: the value of the investment can fall, and losses are possible.

So far, we do not offer an option to invest capital-forming benefits.

However, we are already working on a possible offering in this area.

In fact, we do not claim to be smarter than the other professionals. But it may sound paradoxical: this is precisely what makes our concept so intelligent. We do not waste your fees on expensive analysts and star fund managers, whose assessments then often turn out to be wrong anyway. On top of that, we rely on the breadth of the market rather than on a few individual securities, and we are always fully invested. This lowers risks and delivers the full return of the market – giving us a systematic advantage over classic fund managers. One final point: quirion focuses primarily on value and small-cap stocks, thereby drawing on proven sources of returns. Many highly paid fund managers use similar criteria for their stock selection – but charge a considerably higher fee for it.

If you do not know your way around ETFs and do not want to spend time managing your assets, quirion is exactly right for you. But even if you know ETFs well yourself, the quirion investment solution offers you important advantages:

• Fund selection. Even though ETFs „only“ track an index, the performance of the products of different providers can differ quite clearly. The quirion investment team picks the best products for you out of this vast range. If you buy a poor product on your own, the loss of return can already be higher than our fee.
• Strategic risk management. We check the composition of your portfolio continuously and keep your chosen risk level in place permanently. For a private investor, the monitoring and the reallocations that this requires are possible only with a lot of effort.
• Scientific portfolio. With a do-it-yourself solution you would as a rule rely on just a few ETFs. quirion, by contrast, invests in 13 different products and thus in more than 13,000 stocks and almost 2,000 bonds. Private investors cannot achieve such broad diversification. quirion also sets a focus on value stocks and small caps with high return potential – as a rule, private investors miss these sources of return as well.
• Costs. The quirion costs are in fact considerably lower again than you think, because we cover custody fees and trading costs for you. As a rule it is therefore not worth replicating our portfolio yourself: your costs for doing so would probably exceed our fee.

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You can find the General Terms and Conditions including the Price and Service List (PLV) in the download area.

quirion accounts are held in euros.

You can choose several strategies and combine them. Each strategy has its own portfolio sub-account and is shown to you in the investment overview.
You will find the “Add new strategy” function at the bottom after logging in.

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Yes, free strategy changes are possible at any time in all packages. The securities account number and the account number of the investment strategy remain the same. Our investment team adjusts the financial instruments contained in the investment strategy to the new weighting through the purchase and sale of shares. You can request a strategy change in quirion online banking.

• You must be at least 18 years old.
• You are not subject to tax liability in the USA.
• You need a current account within the SEPA area.