LIQID
Pros
- BaFin-regulated with assets held as segregated Sondervermogen
- Custody at V-Bank with statutory deposit protection up to EUR 100,000
- Access to private equity, private debt and infrastructure from EUR 20,000 via ELTIF
- No account opening, deposit, withdrawal or inactivity fees
- Combination of algorithmic portfolio management and personal advisors
- 20 investment strategies across passive ETF, sustainable and actively managed approaches
- Fees up to 60% lower than traditional German wealth management banks
Cons
- High minimum investment of EUR 100,000 for wealth management strategies excludes most retail investors
- No demo account available
- No savings plan or recurring deposit option for wealth management strategies
- Private markets products carry management and performance fees significantly above ETF strategies
- Limited to German market - not available to investors outside Germany
- Select strategy has not consistently outperformed passive alternatives after costs