quirion
Experiences, reviews and information about the provider
Details
Pros
- Germany's oldest robo-advisor with a long track record
- Account and depot management at Quirin Privatbank with statutory deposit protection
- Free entry-level variant for small investment amounts
- Optional personal advice in higher service packages
Cons
- quirion itself is not a bank but a securities institution without deposit protection of its own
- Extra services such as advice only included in more expensive packages
- Purely rule-based ETF strategy without individual stock selection
- Fees higher than for a self-built ETF savings plan
Fact sheet: quirion
| Company name | quirion |
| Founded | 2013 |
| Headquarters | Berlin |
| Country | 🇩🇪 Germany |
| Type | robo advisor |
| Website | quirion.de * |
About quirion
quirion started in November 2013 as the digital asset management arm of Berlin's Quirin Privatbank AG and is therefore regarded as Germany's first robo-advisor; in 2018 the business was spun off into the independent quirion AG, a wholly owned subsidiary of Quirin Privatbank. quirion holds a BaFin permit for financial portfolio management (BaFin is the German financial regulator) but is not a bank itself. Accounts and depots are held at Quirin Privatbank AG, a German private bank under BaFin supervision: balances in the settlement account are protected there by the statutory deposit protection (Einlagensicherung) up to €100,000, and the ETF units in the depot are segregated assets that remain the investors' property even in an insolvency. It offers globally diversified ETF portfolios at several risk levels, sustainable variants and higher-tier packages with personal advice.
Special features
- Wholly owned subsidiary of Quirin Privatbank AG
- Founded by Karl Matthäus Schmidt, who had previously built up Consorsbank
- ETF units in the depot are segregated assets
- Additional voluntary deposit protection fund via Quirin Privatbank
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