Hartz, Regehr & Partner

The firm operates as a partnership, with investment decisions made by the named principals — Hartz and Regehr — who have stewarded client capital since the firm's founding in 1988. Because the firm does not publicly market its services or publish a detailed team page, the precise internal governance structure is not externally documented. The partnership structure, standard among German independent asset managers of this vintage, suggests that investment authority remains concentrated among the senior partners rather than distributed across a large committee.

Hartz, Regehr & Partner is fully bank-independent, meaning it has no proprietary products to distribute, no balance-sheet incentives to tilt allocations, and no institutional parent imposing revenue targets. This contrasts with the dominant German model, where most private wealth is managed by universal banks that also underwrite, trade, and structure the products they sell to wealth clients. The firm's independence, sustained since 1988, allows it to select external managers, securities, and real assets purely on their suitability for the client, operating as a true fiduciary rather than a distribution channel.

German independent asset managers of this type typically offer both discretionary and advisory mandates, with the specific structure depending on each family's governance preferences and tax situation. The firm's website indicates it takes a holistic approach to family wealth, which in the German context commonly includes investment policy design, manager selection, consolidated reporting, and coordination with tax advisors and family offices. Without public disclosure from the firm, the precise mix between discretionary and advisory assets remains unconfirmed.

Hartz, Regehr & Partner does not publish a minimum asset threshold, which is consistent with its posture as a highly selective, relationship-driven firm. German independent asset managers serving large private wealth typically work with clients whose liquid net worth exceeds €10 million, though the threshold often depends on the complexity of the family's overall balance sheet — including operating businesses, real estate holdings, and multi-jurisdictional structures — rather than on a single investable-asset figure.

As a German asset manager serving private clients, Hartz, Regehr & Partner is required to be licensed and supervised by BaFin, Germany's Federal Financial Supervisory Authority, under the German Banking Act (KWG) or the Securities Institutions Act (WpIG), depending on its specific license type. Its BaFin registration confirms the regulatory perimeter within which it operates, though its exact license scope is not publicly detailed on its website.

The firm has been operating since 1988 under the names of its founding partners, which implies the original principals remain central to the business after more than three decades. In the German independent wealth management market, firms of this vintage typically address succession by gradually introducing junior partners, merging with a compatible peer firm, or arranging a managed transition to a next-generation leadership team — often family members of the founders. Hartz, Regehr & Partner has not publicly communicated its succession plan, which would be a natural due-diligence question for any prospective client.

There is no public evidence that Hartz, Regehr & Partner participates in international multi-family office networks, cross-referral platforms, or global wealth-management associations. The firm's single-office presence in Munich and its deliberately low public profile suggest it operates independently, sourcing clients through direct relationships in Bavarian and German industrial and entrepreneurial circles rather than through marketing alliances.