VuV, the German association of independent asset managers, represents the interests of Germany’s non-bank financial portfolio managers. Its main objectives are to sharpen the profile of independent asset managers as valuable partners for the capital market, to strengthen communication among its members, to raise awareness of the industry, and to project a positive public image. VuV was founded by seven members on December 12, 1997; today its membership stands at around 200. Members are expected to advise their clients and represent their interests in a professional, independent manner.
The Association of German Foundations represents the interests of Germany’s more than 17,300 foundations. With over 3,500 members it is the largest and longest-standing association of its kind in Europe. The Association serves to enable foundations to meet their responsibilities and objectives more effectively both now and in the future. This includes efforts to improve the legislative framework for foundations and the taxation of foundations, and generally to create a more foundation-friendly climate. The Association continually liaises with public-sector decision makers and opinion formers, issues regular statements and proposals, and brings its expertise to the political process while informing public opinion.
DVFA is the German association for investment professionals with a membership of currently around 1,200 individuals who work as investment consultants and executives for over 400 investment companies, banks, and fund managers or as independent capital market service providers.
DSW, Germany’s oldest and largest association of private investors, was founded in 1947 and currently has a membership of around 25,000. DSW represents its members’ interests at the political level and also vis-à-vis stock corporations and banks. The association is highly influential in drafting capital market legislation. For instance, several of its proposals on strengthening investors’ rights in Germany were included in the extensive recommendations of the German Government’s commission on corporate governance and in the actual Corporate Governance Code. DSW was the only investors’ association with a seat on the commission.