Erscheinung:13.08.2025 | Topic Unauthorised business, Consumer protection WhatsApp groups: BaFin warns consumers about Quantalis Asset Management
The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Quantalis Asset Management and the services it is offering. BaFin has information that the company, which purports to be based in the USA, has been using various WhatsApp groups to offer share recommendations and participation in what they refer to as an “Ertragsplan” (earnings plan) via so-called “institutionelle Konten” (institutional accounts). The unknown operators refer to their website quantalis(.)com and to the apps QuantalisINL and QuantalisMAX, which they claim enable access to these institutional accounts. Quantalis Asset Management is not supervised by BaFin.
On the basis of the information currently available to BaFin, there is no connection to the US-based company Quantalis Asset Management Ltd domiciled in Boulder, Colorado. The company is also referred to as “Quantalis Vermögensverwaltung” in various German-language media reports. In both the WhatsApp groups and the media reports, reference is made to an individual named Prof. Dr. Tom Weber. However, BaFin does not believe that this person exists.
Banking business and financial services may only be offered in Germany with authorisation from BaFin. However, some companies offer these services without the required authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.
BaFin is issuing this warning on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).
Please be aware:
BaFin urges consumers to exercise caution with share recommendations in WhatsApp groups.
You can view BaFin’s current warnings about companies operating without the required authorisation and find out how to protect yourself from fraudsters on the financial market in the “Recognising financial fraud” section of our website.
