From investment strategy to technical platforms to asset management: quirion and Quirin Privatbank don't just work together here and there – they work closely intertwined as one team.
An investment strategy based on the current state of financial market research and reflected in an efficient ETF portfolio. Doing without sales commissions in order to avoid conflicts of interest and concentrate on customers' investment goals: the principles of investing are exactly the same at quirion and Quirin Privatbank.
That is no coincidence. Both have the same founder: banking pioneer Karl Matthäus Schmidt. With Quirin Privatbank, he created Germany's first fee-based advisory bank 20 years ago. And with quirion, Schmidt brought the idea of robo-advice to Germany in 2013.
Closely intertwined
While other banks often draw sharp dividing lines between classic asset management and robo-advisors, quirion and Quirin Privatbank are not in competition with each other. Because both companies are independent of sales commissions, they don't have to compete for them either. In many areas, such as asset management, colleagues work in dual roles for both companies. Combining our strengths has also helped us grow strongly in recent years. Together, we currently manage around 11 billion euros for 117,000 customers.
Short paths, shared know-how
The advantages of this close integration show up in many places. It starts with the banking license. With some providers that don't have their own banking license, the accounts are held at another company. Depending on the issue, their customers may then have to approach different companies: the robo-advisor for technical questions, for example, and the custodian bank for tax questions. With us, the various specialist departments sit door to door, so to speak. That way, our customer service can quickly clarify all questions internally.
Whether it's the technical platform or know-how: in many areas, both companies draw on a common foundation. One example is the financial AI quirion.Ai. It does not indiscriminately pull random content from the web. Behind the bot is the expertise of Quirin Privatbank. Everyone benefits from this, even those who are not (yet) customers.
At the beginning of the year, Quirin Privatbank created the role of Chief Information Officer and won Sebastian Böttner, an experienced technology expert, for this key position. Quirin Privatbank and quirion are thus pooling their technological capabilities even more strongly – a good starting point for building a shared platform, for example for the new retirement provision account.
Offerings for different needs
Quite a few customers hold both an account at quirion and one at Quirin Privatbank. For all the similarities, there are of course also differences between the two. Which offering is the best fit depends on your individual needs.
Quirin Privatbank's core competence is comprehensive financial planning, including individual, personal support and advice. In generational wealth management, for example, proven experts help customers secure, structure, and smoothly transfer larger fortunes across generations.
quirion, by contrast, is above all about investing as efficiently as possible. The barriers to entry are particularly low. Savings plans, for example, are available from rates of just 25 euros a month. The investment concept is designed above all for those who want to build wealth over the long term.
At the same time, both offer suitable investment solutions for the most varied investment goals. You can find out more about building wealth with quirion here. And there is more about Quirin Privatbank's wealth advisory services here.
