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micobo GmbH | Robo Advisory in Germany Update February 2019
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06.02.2019 Quirion with new conditions
Since February and until the end of April 2019, the Robo Advisor Quirion allows investments starting at 5,000 euros (10,000 euros before), whereby savings plans are possible starting at 30 euros per month. Up to an investment of 10,000 euros, the use of the service is free of charge.
Note of the micobo editors: Generally, the competition seems to increase among the various German Robo Advisors. In the recent past, various actions have been taken to enthuse customers for their own service and at the same time to stand out from the competition. These include premiums, sweepstakes, fee reductions, lower minimum investment sums and, in particular, an expansion of the offering to include hybrid shares, the possibility of investing in individual titles as well as theme/age/gender-specific portfolios. As a result, the market is fundamentally moving further away from the offering of purely passive ETF-based portfolios.
06.02.2019 Quirion with positive development
Compared to the previous year, Quirion was able to increase the number of its customers by 110 percent to 5,400. In total, Quirion manages assets of 160 million euros. Investors thus invest an average of around 30,000 euros with the Robo Advisor.
