What Is Proxy Voting?

When you deposit money with Acorns, Acorns purchases shares in several exchange traded funds (or ETFs). Now that you’re an investor in them, you get to weigh in on important issues with a vote proportional to the number of shares you own.

Proxy voting as a shareholder is a lot like mailing in your ballot for an election. Many shareholders don’t vote in person, so voting by proxy makes sure your vote is counted at the shareholder meeting.

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