OSKAR
Experiences, reviews and information about the provider
Details
Pros
- Children's depots and VL savings as part of the standard offer
- Account and depot at Baader Bank with statutory deposit protection up to €100,000
- Asset management by the established provider Scalable Capital
- Savings plans possible even with small monthly instalments
Cons
- No BaFin licence of its own, management and depot management by third parties
- An additional fee layer compared with a direct ETF savings plan
- Limited choice of portfolio variants
- Minimum investment for one-off investments comparatively high
Fact sheet: OSKAR
| Company name | OSKAR |
| Founded | 2019 |
| Headquarters | Karlsruhe |
| Country | 🇩🇪 Germany |
| Type | robo advisor |
| Website | oskar.de |
About OSKAR
OSKAR was founded in 2019 by Dominik Nienhaus, Jens Ohr and Peter Schille, who had previously built up the finance portal finanzen.net; the legal entity is OSKAR.de GmbH, based in Karlsruhe, in which Axel Springer SE also holds a stake. OSKAR itself has no permit of its own for financial portfolio management: asset management is carried out by the BaFin-licensed Scalable Capital Asset Management GmbH, while Baader Bank AG holds the account and depot (BaFin is the German financial regulator). As a result, balances in the settlement account are protected by the statutory German deposit protection (Einlagensicherung) up to €100,000 per customer, supplemented by the voluntary deposit protection fund of the Bundesverband deutscher Banken. The ETF units in the depot are segregated assets and remain the investors' property even if the companies involved become insolvent. In content terms, OSKAR is expressly aimed at families and, besides standard portfolios, offers children's depots, VL savings (vermögenswirksame Leistungen, employer-subsidised savings) and interest products.
Special features
- Founded by the team behind finanzen.net, with Axel Springer SE as a shareholder
- Asset management by Scalable Capital Asset Management GmbH
- Custodian bank is Baader Bank AG
- Product variants for children, employer-subsidised savings and interest investments
