SK Vermögensverwaltung

SK Vermögensverwaltung

SK Vermögensverwaltung was founded in 1982 and operates as an independent German wealth manager. The firm structures all client portfolios as segregated accounts held at a custodian of the client's choosing, with the manager receiving only an all-in management fee and a performance fee on equity mandates. This architecture eliminates retrocessions, kickbacks, and product-conflict revenue, leaving the firm's fiduciary obligation as the single commercial driver. The investment strategy spans three core asset classes — equities, bonds, and precious metals — with direct equity mandates forming the center of the value proposition. Fixed-income exposure is constrained to sovereign and covered bonds rated A- or better, while Belgian and French government bonds are intentionally excluded. Currency exposure is managed across five major currencies when held within the same bond portfolio. Gold positions can represent up to 15% of a client allocation, accessed through London-based ETCs that exclude physical delivery risk. Professional headcount, deployment volume, and named principals are not publicly disclosed. The firm maintains a single office location in Karlsruhe and has not reported opening additional offices or launching adjacent vehicles. No operational event within the last 24 months was verifiable. Structurally, the firm stands apart from the bank-owned wealth managers that dominate German private banking: it is an owner-operated practice compensated solely by its clients. The mandate framework is built on a written investment management agreement with no lock-up periods, giving end investors the right to terminate on short notice. This aligns the manager's economic incentives entirely with portfolio preservation and long-term compounding rather than product distribution.