BinckBank launches "Binck Vie" for the French market
Automated online investing solution with a life insurance wrapper
Amsterdam, 6 November 2018 BinckBank N.V. launches "Binck Vie" in France, an online automated wealth management solution in a partnership with Generali for the life insurance wrapper: Assurance Vie. This component provides a fiscal benefit for investors. The innovative automated investment management solution is based on the same investment engine as Binck Forward and Binck Pension.
Vincent Germyns, chairman of the board of BinckBank: "With the introduction of Binck Vie we respond to trends in France, where consumers invests for various purposes, amongst others their retirement or other medium term projects in this fiscally attractive product. With the use of its technology, BinckBank wants to offer innovative investment solutions within the Assurance Vie concept to help people achieve their personal financial objectives. Thanks to our automated investment solutions, customers can now also outsource their investments to an expert with low entry fees."
New strategy of BinckBank
Assurance Vie fits into BinckBank's strategy to gear up from an investor bank to a bank offering a new generation of innovative digital wealth management solutions. With the expansion in France BinckBank further expands these discretionary investment management solutions, after the introduction of similar products in the Netherlands and Belgium (Binck Forward & Binck Comfort). With a size of € 1,700 billion for Assurance Vie the French market offers attractive potential.
