Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital”
or the “Company”) today introduced “Victory Capital InVest,” the
new brand for its direct investor business. The Company also
announced the expansion of the business to include “Marketplace,”
its new open architecture brokerage platform for individual
investors.
Marketplace provides investors with access to trade individual
stocks as well as a broad range of mutual funds and ETFs from many
providers. Investors can also choose mutual funds and ETFs from
Victory Capital. Later this year, the Company plans to introduce a
digital investing platform that will enable investors to select
model portfolios that are created and managed for them based on
their individual goals. There is no change to the current platform,
which provides investors direct access to Victory Funds and the
Company’s USAA® 529 Education Savings Plan.
The Victory Capital InVest brand reflects the breadth of
offerings available to individual investors while highlighting how
easy it is to consolidate accounts with one provider and receive
exceptional timely service and advice.
“We take pride in treating every investor, every financial
situation, and every goal, large or small, with the same level of
personalized attention,” said David Brown, Chairman and Chief
Executive Officer. “The introduction of Marketplace provides new
and existing investors with the choice and flexibility they desire
on a single platform.”
Marketplace can be accessed online or through the Victory
Capital mobile app, or by calling a U.S.-based investment
specialist. The Company does not charge additional fees to
investors seeking advice on how best to achieve their financial
goals regardless of the size of their account. Investors pay zero
commissions for most online trades and may be eligible to receive
an investment bonus when they transfer assets to the new
platform.
About Victory Capital
Victory Capital is a diversified global asset management firm
with $158.6 billion in assets under management as of March 31,
2023. It was ranked No. 55 on the Fortune 100 Fastest-Growing
Companies list for 2022 and is one of only 24 companies to make the
list for the second consecutive year. The Company employs a
next-generation business strategy that combines boutique investment
qualities with the benefits of a fully integrated, centralized
operating and distribution platform.
Victory Capital provides specialized investment strategies to
institutions, intermediaries, retirement platforms and individual
investors. With 12 autonomous Investment Franchises and a Solutions
Business, Victory Capital offers a wide array of investment
products, including mutual funds, ETFs, separately managed
accounts, alternative investments, third-party ETF model
strategies, collective investment trusts, private funds, and a 529
Education Savings Plan.
Victory Capital is headquartered in San Antonio, Texas, with
offices nationwide and investment professionals in the U.S. and
abroad. To learn more please visit www.vcm.com or follow Victory
Capital on Twitter and LinkedIn.
Investors may be charged a transaction fee for on-line trades of
certain third-party funds or equity and third-party fund trades
placed through a phone representative. Investors will not pay any
commissions or transaction charges for purchases or sales of
Victory mutual funds or ETFs. Other fees and expenses, including
items such as fund expenses, third-third-party mutual fund sales
charges, wire fees, account maintenance fees will apply.
Certain restrictions apply for Victory Capital’s bonus programs.
Please click here for more details.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements may include, without limitation, any
statements preceded by, followed by or including words such as
“target,” “believe,” “expect,” “aim,” “intend,” “may,”
“anticipate,” “assume,” “budget,” “continue,” “estimate,” “future,”
“objective,” “outlook,” “plan,” “potential,” “predict,” “project,”
“will,” “can have,” “likely,” “should,” “would,” “could” and other
words and terms of similar meaning or the negative thereof. Such
forward-looking statements involve known and unknown risks,
uncertainties and other important factors beyond Victory Capital’s
control such as the conflict in Ukraine and the COVID-19 pandemic
and its effect on our business, operations and financial results
going forward, as discussed in Victory Capital’s filings with the
SEC, that could cause Victory Capital’s actual results, performance
or achievements to be materially different from the expected
results, performance or achievements expressed or implied by such
forward-looking statements.
Victory Funds and the USAA 529 Education Savings Plan (Plan) are
distributed by Victory Capital Services, Inc. (VCS). VCS is not
affiliated with United Services Automobile Association or its
affiliates (USAA). USAA and the Plan logos are trademarks of USAA
and are being used under license.
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is used under license. Fortune and Fortune Media IP Limited are not
affiliated with, and do not endorse products or services of,
Victory Capital Holdings, Inc.
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traded companies in revenues, profits and stock returns over the
three-year period ended April 30, 2022.
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version on businesswire.com: https://www.businesswire.com/news/home/20230424005184/en/
Investors: Matthew Dennis, CFA Chief of Staff Director,
Investor Relations 216-898-2412 mdennis@vcm.com
Media: Jessica Davila Director, Global Communications
210-694-9693 jessica_davila@vcm.com
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