“Can an independent, fee-only private bank with an in-house robo-advisor scale fiduciary wealth management in a commission-dominated German market?”
Founded 2006 by Karl Matthäus Schmidt (previously founder of Cortal Consors, Germany's first online broker) as the first German bank to abolish product commissions in favor of a transparent flat advisory fee. Pivoted toward digital distribution in 2013 by launching quirion, Germany's first robo-advisor, now operated as a subsidiary alongside the human-advised private banking business. Also runs a capital markets / investment banking arm serving institutional clients and corporate finance.
Quirin Privatbank discloses Quirin Privatbank AG (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Quirin Privatbank does not disclose a bank charter of its own; its banking services are provided through Quirin Privatbank AG (in-house).
Quirin Privatbank moves money over SEPA Instant and SEPA.
Quirin Privatbank's lending and capital products are provided by Quirin Privatbank AG (in-house).
Quirin Privatbank's investing and wealth products are powered by Quirin Privatbank AG (in-house) and quirion (in-house).
The Embedded Finance Index 2026 maps 4 layers in Quirin Privatbank's stack: Money movement (SEPA Instant and SEPA); Banking / BaaS (Quirin Privatbank AG (in-house)); Lending (Quirin Privatbank AG (in-house), Wertpapierkredit (securities-backed loan) and Consumer and self-employed lending); Investing (Quirin Privatbank AG (in-house) and quirion (in-house)).
Quirin Privatbank was founded by Karl Matthäus Schmidt and is founded in 2006, headquartered in Berlin, Germany.
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