Put companies on watchlist
Smartbroker Holding AG
ISIN: DE000A2GS609
WKN: A2GS60
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Smartbroker Holding AG · ISIN: DE000A2GS609 · EQS - Company News (82 News)
Country: Germany · Primary market: Germany · EQS NID: 1742457
05 October 2023 12:45PM

High demand for SMARTBROKER+


EQS-News: Smartbroker Holding AG / Key word(s): Interim Report/Miscellaneous
Update on the move of our existing Smartbroker customers: High demand for SMARTBROKER+

05.10.2023 / 12:45 CET/CEST
The issuer is solely responsible for the content of this announcement.


Update on the move of our existing Smartbroker customers: High demand for SMARTBROKER+

 

  • Current customer approval rate to move to SMARTBROKER+ in excess of 50%
  • Targetted approval rate by account moving date later in October of 70%
  • Stiftung Warentest, Germany’s leading independent product review council, recommend that existing customers move to SMARTBROKER+
  • SMARTBROKER+ savings plans and foreign trading venues to be activated during October


Berlin, 5 October 2023

The SMARTBROKER+ team is celebrating another milestone: By the end of September, a significant proportion of Smartbroker's existing customers have already moved their securities account to the new platform. If the deadline for relocation registrations were today, the Berlin-based financial services provider would be able to move more than 50 percent of the transferable Smartbroker customer assets to SMARTBROKER+ securities accounts.

At the end of August, Smartbroker Holding AG (ISIN: DE000A2GS609, FSE: SB1) and Smartbroker AG launched the new SMARTBROKER+ platform. To date, the securities accounts of Smartbroker's existing customers have been provided by DAB BNP Paribas; this cooperation will be discontinued at the end of the year, and replaced with a new partnership with by Baader Bank AG. Existing customers who plan to retain their account must therefore re-apply for a new securities account in the newly developed SMARTBROKER+ app by mid-October. Due to the significant amount of customers and accounts to be transferred, and the associated IT process, the move of all relevant customer securities will take place in one fell swoop.

Stiftung Warentest, Germany’s leading independent product review council, praises usability and the new SMARTBROKER+ app

All assets will be transferred to the new securities accounts at Baader Bank on the last weekend in October. The Management Board of the Smartbroker Group currently assumes that a significant number of additional customers will consent to the upcoming move during the next days. In addition to the SMARTBROKER+ securities account openings that have already been completed, a material number of backlog registrations have not yet been processed and are therefore not included in the current customer approval rate. By the moving date at the end of October, the approval rate is expected to reach around 70 percent of customer activities.

Thomas Soltau, CEO of Smartbroker AG, commented on the interim status of the account move: "We are very pleased with the profusely positive response to SMARTBROKER+, and would like to thank all customers for their trust. Just a few days ago, the independent product review council Stiftung Warentest tested our new offering and recommended all existing Smartbroker customers to move to SMARTBROKER+[1], explicitly praising our new platform’s usability and our new app – precisely aspects that have often been criticized in the past. In the next few days, we will continue to expand the product range and will work hard to convince the remaining Smartbroker customers to move to our new platform. In this context, I am also pleased to announce that in October we will activate savings plans on SMARTBROKER+ and the foreign trading venues shortly thereafter."

 


About Smartbroker Group:

The Smartbroker Group operates SMARTBROKER+ – a next-generation broker that is the only provider in Germany to combine the extensive product range of classic brokers with the extremely favourable conditions of neobrokers. The Company's Transaction unit also includes the digital fund broker FondsDISCOUNT.de. At the same time, the Group operates four high-reach stock exchange portals through Its Media unit that provide private investors with capital market information (wallstreet-online.de, boersenNews.de, FinanzNachrichten.de and ARIVA.de). With several hundred million monthly page views, the Group is by far the largest publisher-independent financial portal operator in the German-speaking world and maintains the largest financial community.
 

Press contact:
Felix Rentzsch
Head of Communications
Phone: +49 (0)176 4165 0721
Mail: f.rentzsch@smartbroker-holding.de

Investor Relations contact:
Sabrina Kassmannhuber
Head of Investor Relations
Phone: +49 (0)30 20 456 500
Mail: ir@smartbroker-holding.de

 

[1] Stiftung Warentest (September 29, 2023): https://www.test.de/Wertpapierdepots-Kunden-des-Smartbroker-muessen-umziehen-6048760-0/



05.10.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Smartbroker Holding AG
Ritterstraße 11
10969 Berlin
Germany
Phone: +49 (0)30 20 456 500
Fax: +49 (0)30 20 456 500
E-mail: info@smartbroker-holding.de
Internet: www.smartbroker-holding.de
ISIN: DE000A2GS609
WKN: A2GS60
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1742457

 
End of News EQS News Service

1742457  05.10.2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1742457&application_name=news&site_id=boersengefluester
Visual performance / price development - Smartbroker Holding AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.