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Hellerich
Hellerich was founded in Munich in 1992 as an independent asset and wealth manager, targeting the concentrated Bavarian wealth market. The firm serves...
Hellerich
Hellerich was founded in Munich in 1992 as an independent asset and wealth manager, targeting the concentrated Bavarian wealth market. The firm serves high-net-worth individuals, families, and institutional investors, offering portfolio management, wealth planning, and investment advisory services outside the proprietary-product pressure common at large German private banks. The founding generation remains unnamed in public materials, consistent with the firm's quiet, relationship-driven posture. The firm constructs multi-asset portfolios spanning global equities, fixed income, real assets, and alternatives. Hellerich's institutional practice advises pension funds, foundations, and insurance companies alongside its core family-office mandate. The firm does not publicly name individual client mandates or co-investment partners, reflecting a culture of strict confidentiality. Its geographic focus centers on Germany and the broader DACH region, with portfolio allocation that extends into developed and emerging international markets as dictated by each client's investment policy. Professional headcount and assets under management remain undisclosed. No recent fund closes, spinouts, or adjacent philanthropic vehicles have been reported in the public record, leaving the firm's current scale ambiguous. Hellerich's Munich headquarters anchors its operations, with no satellite offices captured in available directorial listings. Hellerich's structural differentiator lies in its independence. As an owner-operated wealth manager unaffiliated with any bank, insurance company, or fund platform, the firm operates under the fee-only advisory model, eliminating the product-push incentives that can distort asset allocation at integrated financial conglomerates. This architecture is especially relevant for institutional allocators and family offices seeking an Investment Committee Act-compatible fiduciary framework in the German market.
General information
Firm type
Multi Family Office
Year founded
1992
AUM
Undisclosed
Location
Region
Europe
Country
Germany
City
Munich
Corporate office
Munich, Germany
Sector focus
Frequently asked questions
Who controls investment decisions at Hellerich?
Hellerich's ownership and investment leadership are not publicly disclosed, consistent with its deliberately low profile. The firm communicates directly with clients and has not published a named executive roster or organizational chart. This opacity is common among small, independent German wealth managers serving a regional client base.
Is Hellerich a single-family office or does it serve external clients?
Hellerich operates as a multi-client wealth manager, not a single-family office. Its regulatory disclosures indicate services for high-net-worth individuals and institutional investors. However, the firm's small, private structure and Munich concentration give it some operational characteristics reminiscent of a family office.
How does Hellerich construct client portfolios?
Hellerich describes its approach as multi-asset portfolio management spanning equities, fixed income, real assets, and alternative investments. The firm tailors asset allocation to each client's mandate rather than pushing a house model. Its independence from any banking group means portfolio construction is free of proprietary-product requirements, allowing open-architecture selection of third-party funds and direct securities.
Does Hellerich manage institutional mandates or only private wealth?
Hellerich serves both high-net-worth individuals and institutional investors. The institutional practice covers pension funds, foundations, and insurance companies, though the firm does not publicly disclose the split between private-wealth and institutional assets.
What is Hellerich's regulatory status in Germany?
Hellerich is registered as an independent asset manager in Germany and is subject to BaFin supervision under the German Securities Trading Act. As a fee-only advisor, it falls outside the scope of commission-based distribution regulations that apply to bank-affiliated wealth managers, which matters for allocators evaluating fiduciary alignment.
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