Kathrein Privatbank Aktiengesellschaft products, services and reviews

About Kathrein Privatbank Aktiengesellschaft

Kathrein Privatbank Aktiengesellschaft is an Austrian private bank headquartered in Vienna that focuses on discretionary portfolio management, investment advisory, and custody services for high-net-worth individuals, entrepreneurs, family offices, foundations, and selected institutional clients. Its offering typically covers tailored mandates, multi-asset portfolios, in-house and third‑party funds, selected alternatives, and foundation advisory and succession topics, with client service organized around dedicated relationship managers and investment specialists. As a licensed credit institution, it operates under the Austrian Banking Act and the Securities Supervision Act (MiFID II), and is supervised by the Austrian Financial Market Authority, with prudential oversight involving the Oesterreichische Nationalbank; clients receive suitability and appropriateness assessments, ex‑ante and ex‑post cost disclosures, and periodic reporting. Fees commonly include an assets‑under‑management charge, custody and transaction costs, and, where applicable, performance fees; exact pricing depends on mandate and is set contractually. The bank provides German‑language service with English support, standard e‑banking/reporting, and documentation such as KIDs/KIDs PRIIPs for packaged products; it must also capture clients’ sustainability preferences under current EU rules. Onboarding is subject to Austrian and EU KYC/AML requirements, including source‑of‑funds verification and sanctions/PEP screening; the bank targets clients with substantial investable assets rather than mass‑market retail. Eligible deposits, if held, fall under Austria’s statutory deposit guarantee up to legal limits per depositor, while securities are safeguarded in custody accounts and remain subject to market and issuer risk; investor‑compensation rules apply to certain investment services within EU thresholds. Cross‑border access depends on local regulations, and product availability, tax treatment, and reporting can vary by client domicile.