VC Securities targets underserved investors

MANILA, Philippines — VC Securities, a brokerage company chaired by businessman William Co, marked its official entry to the Philippine Stock Exchange (PSE) yesterday.

During the bell ringing ceremony, VC Securities Corp. president Wilhelmino Agregado said the company is targeting the underserved market.

“With the onset of internet, VC Securities’ vision is to see that the underserved investors such as OFWs, micro small and medium enterprise, MSME professionals, students, teachers and farmers, waiters who have the capability to invest are given the opportunity to enter and invest in the stock market. We believe that every Filipino deserves to have access and to enjoy the benefits of investing in the stock market regardless of the status in life,” he said.

“We do traditional and online trading. It’s the vision of VC Securities to provide  the underserved sectors access to the stock market,” Agregado said.

The minimum investment needed for individuals who want to open an account with VC Securities is P10,000.

Agregado, a veteran banker, said even if there are already a lot of brokerage companies with online platforms, VC Securities would still be able to grow its clients because the market still has a lot of room to grow.

“Given the vibrant and bright economic prospects of our country and the various infrastructure projects, coupled with the tax reform measures and the forthcoming broadband facility, influx of foreign investments and possible easing of foreign ownership limits of our government, VC Securities is confident that our entry into the exchange to provide service to the public is very timely,” he said.

Agregado sees the benchmark Philippine Stock Exchange index (PSEi) climbing to the 8,500 level by the end of the quarter.