DriveWealth Goes Worldwide with Invessence Technology

DriveWealth Goes Worldwide with Invessence Technology

September, 15 2016 | Christopher

wm.com-iconDriveWealth, a broker/dealer that utilizes an app to help investors buy fractions of company shares, announced it is partnering with tech provider Invessence to offer their wealth management platform worldwide. DriveWealth recently released its Wealth Management APIs, allowing advisors to incorporate fractional shares to create customized portfolios for clients. Invessence’s white-labeled robo technology provides asset managers, b/s and advisors a platform for automated client registration, portfolio management, account administration and reporting processes. Combining DriveWealth with Invessence lowers the client minimum account balance, opening it up to investors of any age and experience level. “Global investment advisors are beginning to recognize that they can create more diversified portfolios for their clients by including U.S.-listed stocks, ETFs and ADRs in their recommendations; however internally building a trading interface to support U.S. securities can be costly and time-consuming,” DriveWealth founder and CEO Robert Cortright said in a statement. “Our collaboration with Invessence provides advisors with a cost-effective, streamlined platform to enable to U.S. securities access for investors worldwide.”

Read the full article at: http://wealthmanagement.com/blog/todd-clarke-lead-new-northstar-team

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