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.