Transition SNS Fund Account to Binck Fundcoach completed successfully

Last weekend BinckBank has successfully moved the positions of customers from SNS Fund Account to its own Binck Fundcoach platform.It involves a total of half a billion euro in assets under administration and more than twenty thousand customers, invested in nearly 500 different funds. In addition, over 64 million of cash positions have been transferred.

At Binck Fundcoach, SNS Fund Account customers find many familiar features back, such as the Fund Comparison tool and comprehensive news and opinion articles. The wide assortment will remain largely intact at Binck and more than 160 ETFs (index trackers) will be added.Furthermore it will be possible at Binck to invest in ETFs periodically. Binck is the first to offer this service to private investors in the Netherlands. Moreover, it will be offered free of charge to all Fundcoach customers.

Vincent Germyns, Executive Board of Management BinckBank
'We are very pleased that the client and position migration went according to plan.This completes the transaction with SNS. The first responses of our new customers are positive.In the coming period the new platform will be developed further.'

Besides focusing on the active investor, Binck will also focus Binck Fundcoach on investors who invest in asset growth for the long term.Investment funds and ETFs are very appropriate instruments for this goal and the platform is specifically built for investing in these investment instruments.

More information about Binck Fundcoach can be found at www.binck.nl/fundcoach