ABN Amro Reveals Digital Wealth Management Unit Prospery in Germany

ABN Amro Reveals Digital Wealth Management Unit Prospery in Germany
06.12.2017 08:50 am

ABN Amro Reveals Digital Wealth Management Unit Prospery in Germany

Wealth Management

As of today, retail clients in Germany can use Prospery, a new digital platform that provides a comprehensive view of their current and potential assets, actively manages their investments and offers remote personal coaching at a fixed fee. 

Prospery, an initiative of ABN AMRO, is the first in Europe to offer a proposition such as this.

Dirk-Jan Schuiten, CEO of Prospery: “Many fintechs offer asset management services that are exclusively digital. Surveys show, however, that clients also want to talk to an expert. Prospery responds to this need by offering a digital platform in combination with personal coaching by chat or video call.”

Prospery consists of Prospery View, Prospery Coach and Prospery Invest. Prospery View is a free service that gives clients an online overview of their total assets, including accounts held with banks other than ABN AMRO. Clients can opt to connect their bank accounts, so their data is automatically uploaded and updated. Prospery View also gives the client insight into the development of their future assets based on tried and tested forecasting models. Prospery Invest, meanwhile, manages clients’ investments actively and fully digitally based on their individual risk profile. And Prospery Coach offers clients personal coaching by experienced and certified financial planners whenever and wherever they want, by chat or video call. Prospery Invest and Prospery Coach are offered at fixed fees (EUR 239 per month for both services), independent of the volume of assets invested.

Pieter van Mierlo, CEO of Private Banking at ABN AMRO: “Prospery is a new addition to ABN AMRO’s range of services in the German market. This fully digital service meets a growing need for flexible, individual and independent asset management at a fixed fee.”

Prospery is available to clients with assets exceeding 200,000 euros. Clients can get started within fifteen minutes.

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