Vanguard cooperates with Growney's portal for AVD distribution
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Brokers and advisors will in future be able to recommend Vanguard ETFs for their retirement provision accounts to private investors via the Growney platform. What licenses advisors must have. From late summer 2026, brokers will be able to mediate Vanguard ETFs to private clients on a commission basis via a Growney platform. The digital asset manager is implementing the portal for the US asset manager, as the fintech exclusively informed DAS INVESTMENT. Growney takes on the role of asset manager. Growney and Vanguard thus have the infrastructure to sell retirement provision accounts (AVDs) from January 2027. The retirement provision account, introduced from January 2027, legally requires a digital contract conclusion and a standard portfolio for all subsidized retirement provision products. Advisors with a 34d, 34f, or 34h license can distribute the portfolios according to the tipster model, without acting as asset managers themselves. This is intended to make the distribution of ETF solutions legally secure, even without their own license for financial portfolio management. Customers of the platform so far include financial advisors EFC and Klarwerk, as well as the software provider for financial advisors Sabia. Vanguard distribution is intended to train brokers. Investors can digitally conclude contracts, assess the risk of their portfolio, check ETFs for ESG criteria, and...
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