# Hartz, Regehr & Partner

Hartz, Regehr & Partner is a Bank / Wealth / Trust based in Munich, Germany.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Munich, Germany
- **Region:** Europe
- **Address:** Munich, Germany
- **Founded:** 1988
- **Assets under management:** Undisclosed
- **Website:** hartz-regehr.de
- **LinkedIn:** https://www.linkedin.com/company/hartz-regehr

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1988 in Munich, Hartz, Regehr & Partner established itself during a period when independent asset management was still an emerging concept in Germany's bank-dominated wealth landscape. The firm was built to serve a small number of substantial private clients seeking an alternative to the institutional priorities and product-push dynamics of large universal banks. The founding generation deliberately structured the firm as owner-operated and partnership-based, aligning its incentives entirely with the long-term preservation requirements of its client families rather than with quarterly revenue targets. The firm manages large-scale private wealth through a holistic, multi-asset approach. While Hartz, Regehr & Partner does not publicly disclose its specific portfolio composition, its independence allows it to allocate across public equities, fixed income, real assets, and private markets on a non-discretionary or advisory basis, depending on client mandates. The German private wealth market, particularly in Bavaria, historically favors direct real estate holdings, listed securities, and conservative fixed-income allocations. The firm operates from a single office in Munich, reflecting a deliberate choice to remain close to its core client base rather than pursuing a multi-city expansion. Its professional headcount and total assets under management are not publicly disclosed — a common posture among independent German wealth managers who operate under partnership structures without public reporting obligations. This opacity is itself a structural feature, designed to shield client families from public attention. Unlike many competitors that have been acquired by consolidators or integrated into banking groups over the past three decades, Hartz, Regehr & Partner has maintained its independence since 1988, a rare trajectory in the gradually consolidating German independent wealth management sector. The firm's defining structural characteristic remains its independence. In a German market where most wealth management is still dominated by Deutsche Bank, UBS, and the Sparkassen network, a fully independent partnership operating continuously since 1988 represents a genuine anomaly. This independence allows the firm to serve as a true fiduciary, selecting products, managers, and strategies free from balance-sheet incentives or proprietary product quotas. For ultra-high-net-worth families planning liquidity events, generational transfers, or restructuring of family holding companies across Germany, this architecture provides a distinct alternative to the universal banking model that remains the default for most German private wealth.

## Questions

### How does Hartz, Regehr & Partner differ from a bank-affiliated wealth manager?

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.

### Is Hartz, Regehr & Partner regulated by BaFin?

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.

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Last updated: 2026-08-11T02:43:31.692Z

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