Prospery to be discontinued in Germany

News item -

Prospery, ABN AMRO’s online wealth manager in Germany, has informed its clients that its services will soon be discontinued.

Prospery was introduced in Germany in December 2017 as a digital platform providing a comprehensive view of the client’s current and potential assets, actively managing their investments and offering remote personal coaching at a fixed fee. Since then, the absence of a distribution channel has made it difficult to attract clients and the number of clients interested in using Prospery has not met expectations. Growing the number of clients would involve significant additional investments. ABN AMRO has therefore decided to discontinue Prospery in its current shape. The lessons learned and the technology will be re-used in the Netherlands. Clients will not be affected financially by this change.


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