Cominvest

from Wikipedia, the free encyclopedia
cominvest
Cominvest Logo 2017.png

owner comdirect bank AG
Introductory year 2002
Products Robo-Advisor
Website www.comdirect.de

Cominvest ( own spelling in lower case) is a robo-advisor of comdirect bank AG . The brand was introduced in 2002 for a Commerzbank investment company, which the company sold to Allianz in 2009 . From 2011 to 2016 Cominvest was a brand of the European Bank for Financial Services , which is a wholly owned subsidiary of Comdirect. Cominvest has stood for Comdirect's digital investment service since 2017.

product

Cominvest is a digital investment service that helps customers invest in securities. Behind this is a technology that monitors the customer's securities investments every trading day. From an investment amount of 3,000 euros, customers can decide whether they want to select investments themselves, have them looked after by an asset management company , or whether they would like to receive support through investment advice .

In the first step, the investment strategy is determined on the basis of information provided by the customer. The associated risk limit of the investment strategy forms the basis of the monitoring. If this is achieved, an algorithm intervenes and suggests an adjustment of the investments or takes over this completely in the asset management for the customers. Customers' systems are regularly optimized to ensure the best possible risk / return ratio. Cominvest currently supports around 4,500 securities, including managed funds, exchange-traded funds (ETFs) and exchange-traded commodities (ETCs).

history

prehistory

In 1949 four banks founded the ADIG Allgemeine Deutsche Investment-Gesellschaft . A year later, it launched the first German investment funds, Fondra (funds for pensions and shares) and Fondak (funds for German shares) . In 1951 Commerzbank also took a stake in the company, which developed into a pioneer in the industry.

Cominvest is born

In 1999, ADIG was finally completely taken over by Commerzbank. This brought the ADIG together with the in-house capital investment company CommerzInvest and the financial analysts of Commerz Asset Managers. This created a new subsidiary called Cominvest. ADIG was initially used as a brand for the distribution of mutual funds.

From the outset, Cominvest's offering was aimed at both private investors and institutional customers. After the dot-com bubble burst , Cominvest focused primarily on investments in Europe from 2003 onwards. Due to stagnating business, the company had to close several funds and as a consequence gave up the ADIG brand completely, making Cominvest an important brand for Commerzbank investment funds in 2006. Investments were made in expanding the sales network and developing new products, including, for example, the Fondak equity fund for Europe. The company's assets under management nearly doubled in the following years.

Cominvest under Allianz and Ebase

In 2009 Cominvest was sold to Allianz. This step was part of the agreement to take over Dresdner Bank by Commerzbank. At Allianz, Cominvest came under the umbrella of Allianz Global Investors (AGI). As a result, numerous Cominvest employees had to leave the company and various funds were closed. After Cominvest was deleted from the commercial register , AGI finally gave up the brand in 2010.

From 2011 to 2016, the European Bank for Financial Services (Ebase) used the Cominvest brand for its fund platform, which is now called Finvesto .

Cominvest as a digital investment service from Comdirect

At the beginning of 2017, Comdirect introduced a digital investment service under the name Cominvest, which is intended to support private investors in particular when investing in securities. The offer received national attention because it was the first time that an established bank launched such a product after a number of startups in the financial sector. At the end of September 2017, Cominvest was already managing assets of over 150 million euros. In addition, Commerzbank announced plans to introduce Cominvest.

Web links

Individual evidence

  1. ↑ a b c Cominvest starts . In: Börsen-Zeitung . October 1, 2002, p. 17 .
  2. ↑ a b c d Automated investment: Comdirect starts Robo-Advisor. (No longer available online.) ARD, May 18, 2017, archived from the original on August 31, 2017 ; Retrieved August 25, 2017 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / boerse.ard.de
  3. ^ Anke Rezmer: Fund companies: Allianz swallows Cominvest. In: Handelsblatt. January 13, 2009. Retrieved August 25, 2017 .
  4. ↑ Direct bank: Comdirect takes over Ebase. In: Handelsblatt. April 8, 2009. Retrieved August 25, 2017 .
  5. ↑ a b c Katharina Schneider: Robo-Advisor: Comdirect starts digital system service. In: Handelsblatt. May 18, 2017. Retrieved August 25, 2017 .
  6. ↑ Frank Rieber: 20 questions to robo-advisor cominvest. In: Extra magazine. July 10, 2017. Retrieved September 20, 2017 .
  7. ↑ a b Comdirect starts Robo-Advisor . In: Börsen-Zeitung . May 20, 2017, p. 2 .
  8. ↑ Robo-Advisor: Comdirect launches Cominvest digital offer. Stiftung Warentest, June 20, 2017, accessed on August 25, 2017 .
  9. ↑ a b Ralf Kolbe: In the end, maybe the name remains . In: Financial Times Germany . December 13, 2002.
  10. ↑ Johannes Scherer: 50 years and a few thousand percent . In: Börse Online . November 18, 1999.
  11. ^ A fund for the history book . In: Börsen-Zeitung . October 31, 2002, p. 8 .
  12. ↑ Commerzbank 1870-2010: A journey through time . Eugen Gutmann Society, Dresden 2010, ISBN 978-3-9812511-4-2 , p. 88 ( eugen-gutmann-gesellschaft.de [PDF; accessed on August 25, 2017]).
  13. ^ Greg N. Gregoriou: Performance of Mutual Funds: An International Perspective . Springer, 2007, ISBN 978-0-230-62649-2 , pp. 212 (English).
  14. ↑ Simon Gonser: Capitalism discovers the people . How the major German banks came to their private customers in the 1950s and 1960s. Walter de Gruyter, 2014, ISBN 978-3-486-99056-0 , p. 74 .
  15. ↑ ADIG goes to Commerzbank . In: Handelsblatt . February 23, 1999, p. 16 .
  16. ↑ ADIG merges with CommerzInvest . In: Börsen-Zeitung . April 9, 2002, p. 17 .
  17. ↑ Nicole Walter: Cominvest is going on the offensive . In: Handelsblatt . November 18, 2002, p. 28 .
  18. ↑ Claudia Wanner: Cominvest focuses on Europe . In: Financial Times Germany . November 4, 2003, p. 20 .
  19. ↑ Reinhard Hönighaus: Cominvest draws consequences from weak sales . In: Financial Times Germany . March 4, 2005, p. 20 .
  20. ↑ Reinhard Hönighaus: Cominvest gives up the ADIG brand . In: Financial Times Germany . May 24, 2006, p. 19 .
  21. ↑ Wolf Brandes: Fund name ADIG is deleted . Cominvest does without the traditional name. In: Börse Online . June 1, 2006, p. 45 .
  22. ↑ Ingo Narat, Anke Rezmer: After difficult years: Cominvest at a turning point. In: Handelsblatt. August 30, 2007. Retrieved August 25, 2017 .
  23. ↑ Cominvest with a new Fondak . In: Euro on Sunday . September 3, 2006, p. 40 .
  24. ↑ Karsten Seibel: Fund brand ADIG disappears from the market . In: The world . May 24, 2006, p. 17 .
  25. ↑ Karsten Seibel: Cominvest fund company now under the umbrella of Allianz . In: The world . January 14, 2009, p. 19 .
  26. ↑ Cominvest ends up at Allianz . In: Börsen-Zeitung . January 14, 2009, p. 3 .
  27. ↑ Elisabeth Atzler: Allianz buries the Cominvest brand . In: Financial Times Germany . March 11, 2009, p. 19 .
  28. ^ Elisabeth Atzler: Welcome and goodbye . In: Financial Times Germany . July 8, 2009, p. 16 .
  29. ↑ AGI closes more than 100 funds . In: Handelsblatt . March 11, 2009, p. 25 .
  30. ↑ Takeover: Cominvest is now wholly owned by AGI. In: Handelsblatt. June 23, 2010. Retrieved August 25, 2017 .
  31. ↑ Wolf Brandes: The Cominvest brand no longer plays a role . In: Financial Times Germany . November 16, 2009, p. 22 .
  32. ↑ Fund platform: Cominvest will be further developed as "Finvesto". In: The Investment. August 19, 2016. Retrieved August 25, 2017 .
  33. ↑ Michael Reidel: Do everything differently . In: horizon . May 24, 2017, p. 6 .
  34. ↑ Thomas Baumgartner: When the robot increases money . In: Frankfurter Neue Presse . May 18, 2017, p. 5 .
  35. ↑ Björn Godenrath: "We currently offer the most comprehensive approach" . In: Börsen-Zeitung . July 5, 2017, p. 2 .
  36. ↑ Björn Godenrath: “Cominvest offer is appreciated” . In: Börsen-Zeitung . August 2, 2017, p. 3 .
  37. ↑ Comdirect has got off to a quick start with a Robo offer. In: Fund professional. November 2, 2017. Retrieved November 6, 2017 .
  38. ↑ Dennis Kremer, Georg Meck: “Penalty interest? Not with us ” . In: Frankfurter Allgemeine Sonntagszeitung . September 10, 2017, p. 33 .
  39. ↑ Commerzbank reaps “flat fee” success. In: Fund professional. September 17, 2017. Retrieved November 6, 2017 .
  40. ↑ Bernd Neubacher: Commerzbank is planning digital asset management . In: Börsen-Zeitung . 22 August 2017, p. 2 .