investify TECH and Valexx set new wealth management impulses for Hannoversche Volksbank

With more than 1,000 employees, 34 branch offices and 31 self-service centres as well as a balance sheet of nearly 9 billion Euro, the Hannoversche Volksbank is a major credit institution in the capital city of Lower Saxony and its surroundings. In 2018 the cooperative bank acquired the majority holding in the asset manager Valexx – Value Experts. What makes this special is that, 20 years before that, a credit union had founded the predecessor of Valexx, which at the time was called “VVV Vermögensverwalter der Volksbanken”.

investify TECH and Valexx already entered into a strategic partnership back in 2021. The technology and regulatory provider digitalised the asset management division of the wealth manager, which is represented by eight branches throughout Germany. This made it possible for the Hannoversche Volksbank to also gain access to its subsidiary’s award-winning wealth management approach and use it for its own customers. To this end, investify TECH created a modern infrastructure which allows the credit union’s advisors to distribute portfolios of Valexx to its customers. Along with the entire contract management, the mandatory regulatory requirements are also covered by the investify TECH platform.

“The Hannoversche Volksbank is a great example of how our platform can be utilised for a wide variety of banking groups: be it cooperative banks, private banks, savings banks, independent wealth managers, asset managers, broker pools or insurance companies”, says investify TECH Managing Director Dr. Harald Brock.