Bankhaus Krentschker & Co: Wachstum und Entwicklung

Bankhaus Krentschker & Co has experienced significant growth and development over the years. Founded in 1874, the bank has a rich history of innovation and expansion.

The bank's commitment to growth has led to the establishment of new branches and offices across Germany. This expansion has enabled the bank to provide its services to a wider customer base.

Bankhaus Krentschker & Co has also invested heavily in technology, implementing cutting-edge systems to improve efficiency and customer experience. This focus on innovation has enabled the bank to stay ahead of the competition.

Today, the bank continues to thrive, with a strong presence in the German banking market.

Bankhaus Krentschker & Co. has a long history of expertise in Vermögensverwaltung, which is a testament to their commitment to helping clients manage their wealth.

Their Vermögensmanagement department offers a wide range of services, from individual Vermögensberatung to the creation of own Emissionen of structured and classical Anleiheprodukten.

The "AvantGarde"-Reihe, a series of funds and investment products, has received numerous awards and accolades, making it a standout offering in the market.

With a focus on modern Investmentstrategien, the bank's Vermögensmanagement team develops strategic Kundenportfolios that take into account each client's unique Risiko/Rendite-Profil, as well as their individual Voraussetzungen and Präferenzen.

By doing so, Bankhaus Krentschker & Co. is able to provide personalized support to its clients, helping them achieve their long-term Vermögensaufbau goals.

Bankhaus Krentschker & Co was founded in 1923 by Igo Forster in Leibnitz.

In 1924, Moritz Krentschker and Kurt Pramberger joined the bank as partners, and by 1926, they had received a bank concession.

The bank played a significant role in the NSDAP-Flüchtlingshilfswerks between 1933 and 1938, where "outreisewillige" Jews were forced to deposit part of their wealth on a trust account to help less fortunate Jews flee, but also to finance the then-illegal National Socialism in Austria.

After World War II, the bank was placed under public supervision and returned to its owners in 1950.

In 1957, Moritz Krentschker transferred the ideal half of the bank's assets to the Steiermärkische Bank, and in 1967, after his death, the Steiermärkische Bank took over the entire firm's assets.

Moritz Krentschker's career as a private banker began as a bank apprentice in Graz. He started working in a bank and exchange business in Leibnitz, which was founded by Igo Forster in 1923.

In 1927, Krentschker took over the small bank and moved to the former branch in Graz, where he had previously worked as an apprentice. This branch still serves as the main location of the bank today.

Krentschker became active in Vienna in the 1930s. He played a crucial role in the bank's development, transferring half of his shares to the Steiermärkische Bank in the 1950s.

After Krentschker's death in 1967, the Steiermärkische Bank took full ownership of the bank. The bank continued to grow under its new owner, expanding to four locations with over 100 employees and a balance sheet of around 1 billion euros.

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The Bankhaus Krentschker was able to expand its real estate and investment holdings, as well as develop its high-end private banking business, thanks to its partnership with the Steiermärkische Bank.

By 1989, the Bankhaus had converted into an Aktiengesellschaft, or stock corporation, and is now fully owned by the Steiermärkische Bank and Sparkassen AG.

Today, the Bankhaus Krentschker & CO AG employs around 100 people and has a balance sheet of over 1 billion euros, making it one of the established private banks in Austria.

Moritz Krentschker's ambition and strategic thinking are credited with the bank's ability to thrive amidst the turbulent 20th century, unlike many other bank startups that failed during that time.

The Bankhaus Krentschker & CO AG has now been a stable presence in the banking sector for 90 years, a testament to its enduring success.

The Bankhaus Krentschker values its independence and distinctiveness in the banking sector. This is evident in its approach to customer interactions, where a fundamental skepticism towards widely held opinions is clearly expressed.

The bank's philosophy is rooted in the idea that investors are often driven by fear and greed, a notion shared by Warren Buffet. This perspective is reflected in the bank's advice to clients, which encourages them to evaluate their personal goals and risk tolerance before making investment decisions.

The bank's approach to wealth management is based on a five-step process: evaluation, strategy, implementation, wealth management, and ongoing support. This structured approach has yielded positive results, with the bank offering a range of services including investment advice, family office services, and mergers and acquisitions advice.

In 2016, the bank had 349 clients with a managed wealth of 702 million euros, and by 2018, this had grown to 357 clients with a managed wealth of 728 million euros. This growth is a testament to the bank's commitment to delivering tailored solutions to its clients.

At Bankhaus Krentschker & Co, the investment method is based on the idea that markets are generally efficient and all available information is priced in. This means that the main risks to your investment goals come from bad timing and poor selection of investments.

The bank's experts believe that consistent rebalancing of your portfolio is key to keeping it on track and allowing for counter-cyclical investments. This involves regularly reviewing and adjusting your portfolio to ensure it remains aligned with your goals.

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Investors at Bankhaus Krentschker & Co are encouraged to take a long-term approach and cultivate patience and discipline. This is where the bank sees itself as a teacher, helping you develop the skills and mindset needed for successful investing.

Effective private banking relies on a trusting relationship between the client and their advisors. This requires advisors to invest time and effort into understanding their clients' needs and goals.

Bankhaus Krentschker & Co has been actively participating in performance projects since 2011. They join around 70 and more wealth managers from the entire German-speaking region to compete against benchmark portfolios made up of a few low-cost index funds.

These projects aim to demonstrate the value of active portfolio management. The participation is free of charge, and the results can be viewed online at www.pruefinstanz after registration.

The Bankhaus Krentschker is involved in three ongoing performance projects and has been successful in them. This shows not only their competitive spirit but also their ability to add value as an active manager.

The Bankhaus Krentschker is participating in Performance Project 4 (Private Banking-Depot) and 5 (vermögensverwaltende Fonds) of the FUCHS|RICHTER PRÜFINSTANZ.

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