FAQs
Because clear answers lead to better choices.
- Gutmann is more than just a bank – we are a strategic partner for generations. As the only owner- and partner-led institution in the Austrian market, we are fully committed to putting our clients’ interests first – today and for the future. Personalised service and absolute discretion are at the core of our identity, increasingly complemented by digital excellence. Through our in-house asset management company, we offer investment solutions that are free from the pressure of product sales.
- Private banking is designed for individuals who seek more than standard financial solutions — for those who wish to grow their wealth in a targeted and long-term manner, supported by personal advisory services. At Gutmann, private banking begins with a minimum investment amount of EUR 500.000.
- We are internationally positioned and happy to support you in the following languages: German, English, French, Italian, Russian, Bulgarian, Czech, Slovak, and Hungarian. Please let us know your preferred language when making an inquiry — we will ensure you receive support in the language of your choice.
- Yes. The Gutmann App gives you fast, secure, and digital access to your assets, account and portfolio activity, reports, analyses, and much more – all just a few clicks away. Learn more about the Gutmann App here.
- Get in touch with us here to schedule a personal consultation at one of our five locations. We offer tailored solutions starting from an investment volume of €500.000.
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To make the most of our initial conversation, it’s helpful if you take a moment to consider a few key questions:
What are your financial goals – are you aiming for long-term growth or capital preservation?
How much do you plan to invest?
What kind of returns are you hoping for?
How important is flexibility – will you need access to your funds in the short term?Don’t worry if you don’t have all the answers yet. We’ll guide you through each step of the process and help you explore the options that best suit your needs.
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At Gutmann, we take as much time as you need. Because good advice doesn’t start with a product – it starts with understanding your goals. Our conversation follows our proven “taking-measure” process, tailored to your personal life situation. Together, we’ll develop an investment strategy that’s as individual as you are.
- Yes, this is generally possible. Bank Gutmann serves both domestic and international clients. If you are interested in opening an account, please contact us. We will be happy to discuss your individual request in person and inform you about the next steps.
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Let us illustrate the difference with a musical analogy:
In asset management, we take the role of the conductor. You define the musical style – your goals, values, and preferences – and we lead the orchestra. With our expertise, we harmonize the instruments to create a symphony that lets your assets perform at their best, while you sit back and enjoy the concert.
In investment advisory, however, you are the composer. You set the tone, define the structure, and shape the melody. We provide the instruments, the stage, and the technical support to bring your composition to life – but the creative direction remains entirely in your hands. - Your money is our responsibility. Our investment strategies focus on long-term commitments to companies with strong and attractive business models. We develop approaches built on substance, clarity, and foresight. Our guiding principles include sustainable growth, high profitability, and appealing dividends. The goal is always the same: to build a strong and resilient portfolio. Learn more about our investment strategy here.
- Starting from an investment amount of EUR 500.000, we offer tailored investment solutions through portfolio management or investment advisory services. For investments of EUR 4 million or more, we can establish your own personalized investment fund – a Gutmann special fund.
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Our investment management company offers independent asset management that is not driven by product sales pressure. We invest with conviction – guided by clear opinions and a long-term perspective.
At the core of our strategy are equities of successful companies with solid growth, high profitability, and attractive dividends. These equity investments are long-term holdings, not short-term speculations. To complement this, we selectively invest in bonds to build stable and resilient portfolios. The combination of equities and bonds forms the foundation of a balanced portfolio.
The specific allocation – meaning the weighting of each asset class – is tailored individually to your goals and needs. -
Gutmann is firmly convinced of the added value of sustainable action and has been actively engaged in this area for many years. A long-term perspective is central to all our activities.
At Gutmann, sustainability principles are fully integrated into the investment process. Our selection of securities is based on a combination of exclusion criteria – such as controversial weapons, coal mining, or violations of the UN Global Compact principles – and a best-in-class approach. The sustainability of issuers is assessed and evaluated using a comprehensive set of criteria.
Learn more about our sustainable investment solutions here.
Your Investments in Detail: Equity Strategy
- The Gutmann Equity Strategy is the cornerstone of our asset management. Contact us here for a personalized offer.
- Gutmann takes a global investment approach, investing across all industries and markets. We do not limit ourselves to any single investment style – growth, value, and dividend strategies can all be represented within the portfolio.
Our analytical focus lies primarily on large-cap companies in the U.S. and Europe. However, we also selectively invest in Japan, Asia, emerging markets, and small-cap companies where we see potential. -
Our goal is to invest in the world’s best companies. That’s why our stock selection process focuses on a bottom-up analysis of individual businesses and their long-term prospects. We view the core of our investments as long-term equity participations. Whenever we consider an investment, we ask ourselves: “Would we buy and hold the entire company?”.
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The portfolio consists of approximately 50 to 60 individual stocks. To emphasize our strategic approach, all companies within the portfolio are equally weighted. This ensures that each company contributes equally to the portfolio’s overall performance. Sector or regional weightings play a secondary role in the portfolio construction. However, we do ensure sufficient diversification to avoid concentration risks. The equal weighting of the portfolio is regularly rebalanced. This has the advantage of automatically implementing a counter-cyclical strategy: profits are taken from outperforming stocks, while underperforming ones are topped up. If we lose conviction in a particular stock or if it becomes overvalued, adjustments are made outside of the regular rebalancing cycle.
- Your portfolio is tailored to you, your needs and your risk profile. With every investment, the possible return depends directly on the risk. The higher the possible return, the higher the risk.
By investing in several different securities, the risk of the entire investment can be reduced. Nevertheless, individual risks cannot be ruled out. Investments in the money and capital markets are, among others, subjects to the following risks: price risk, currency risk, credit risk, liquidity risk, interest rate risk, operational risk. Your client advisor will gladly go into detail about these risks during your personal meeting.
- A special fund is your personal investment fund – tailored precisely to your individual needs. Together with Gutmann’s team of experts, you design your own fund structure: from single securities to multi-manager funds.
A special fund consolidates your assets within a clear, professionally managed structure – optimized for tax efficiency, fully transparent, and designed to span generations. Gutmann’s special funds combine bespoke investment strategies with professional management, comprehensive risk monitoring, and significant tax advantages for private investors subject to taxation in Austria. - The tax advantages of a special fund for a private investor subject to tax in Austria are substantial:
- Losses can be carried forward over several years
- 40% of realized and undistributed capital gains are taxable only upon distribution / sale (tax deferral effect)
- Significant cost elements can be used to reduce tax burden
- No VAT on significant expenses (e.g. investment company management fee, custodian bank fee)
- Adjustable (more flexible) distribution policy - The recommended minimum volume for a mandate managed by Gutmann is EUR 4 million per segment. For a purely administrative mandate (a fund structure without Gutmann management), the minimum is EUR 5 million. You decide whether to make full or partial use of our services. Our offering includes the full range of services provided by the custodian bank and investment company – from administration to portfolio management.
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The establishment of a special fund at Gutmann is completed within just a few weeks:
Phase 1 – Planning: Definition of investment guidelines and coordination with fund managers
Phase 2 – Implementation: Preparation of required documents and contracts, determination of the launch date, setup of accounts and custody accounts, initial subscription. -
Reporting on the development and management of the special fund is tailored to your individual needs. This includes:
- Gutmann Portfolio Report: Aggregated overview of all fund holdings (accounts and custody accounts)
- Gutmann Online Reporting: Real-time online access to account and custody information, as well as fund accounting data
- Gutmann Risk Reporting: Portfolio monitoring based on various quantitative financial criteria
- Investment Committee Meetings: Personal meetings to keep investors informed
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Before establishing a special fund, we recommend reviewing the following checklist:
What is the investment objective you or your investors aim to achieve with this fund?
How many unit holders are planned within the investor structure? Are the unit holders natural persons or legal entities?
What investment volume is intended per unit holder?
Are there any restrictions regarding the investment universe (e.g. asset classes, regional allocation, currencies)?
Should your investment strategy include alternative investments (e.g. real estate funds, hedge funds)?
Do you intend to appoint external managers for specific segments of the fund?
Have you incorporated regular distributions from the investment into your liquidity planning? - Potential returns in these structures and investments correlate directly with risk. Higher potential returns imply higher risk.
Diversifying across multiple securities can reduce overall investment risk. However, individual risks cannot be ruled out. Investments in the money and capital markets are subject to the following risks: Price risk, currency risk, credit risk, liquidity risk, default risk and operational risk.
