DriveWealth Partners With Invessence To Offer Digital Wealth Management Platform Globally
September, 13 2016 | Christopher
DriveWealth, LLC, a U.S. broker-dealer, is pleased to announce its partnership with Invessence, Inc., a digital wealth management technology provider, to offer their wealth management platform to investment advisors worldwide.
DriveWealth recently announced the release of its Wealth Management APIs, which support both traditional investment advisors and robo-advisors on a global scale. DriveWealth’s Wealth Management APIs allow advisors to manage their clients’ accounts in one of three environments: non-discretionary, discretionary, or blended. Through the APIs, advisors can incorporate fractional shares to create customized weighted portfolios for clients of various income and experience levels.
Invessence is a business-to-business provider of wealth management technology, including robo-advisory services. The Invessence white-labeled technology provides asset managers, broker-dealers, and advisors a comprehensive wealth management platform to deliver their investment solutions at scale. It improves advisor efficiency by automating client registration, portfolio management, account administration and reporting processes into a streamlined online solution. The flexible technology allows firms to create their own investment portfolios, risk profiling, client portal, and advisor dashboard. It is available as a turnkey solution for individual advisors as well as a customizable platform for larger enterprises.
Invessence’s cost-effective and easy-to-integrate technology solutions, coupled with DriveWealth’s real-time fractional share trading capabilities, effectively lower the client minimum account balance. This allows advisors to offer their services to investors of various ages and experience levels.
“The combined flexibility of the Invessence technology and DriveWealth’s fractional-shares capability gives international investment advisors a unique opportunity to offer U.S. investments in a way that is cost effective for both the firm and their clients. It will enable them to attract a more diverse pool of clients in the future,” said Jigar Vyas, CEO of Invessence.
“Global investment advisors are beginning to recognize that they can create more diversified portfolios for their clients by including US listed stocks, ETFs, and ADRs their recommendations; however internally building a trading interface to support US securities can be costly and time consuming. Our collaboration with Invessence provides advisors with a cost effective, streamlined platform to enable to US securities access for investors worldwide,” said Robert Cortright, Founder and CEO of DriveWealth.
About DriveWealth Holdings, Inc.:
DriveWealth Holdings, Inc., is the parent company of DriveWealth Technologies, LLC, and DriveWealth, LLC. DriveWealth Technologies, LLC, is the technology service and financial education provider for DriveWealth, LLC. DriveWealth, LLC, member FINRA and SIPC, is a mobile and global full carrying broker-dealer for retail investors. DriveWealth provides a low cost, easy-to-use US securites investing platform to individuals worldwide. DriveWealth also partners with businesses around the world to offer its Brokerage as a Service platform, which allows global financial institutions to give their clients access to U.S. listed securities.
About Invessence, Inc.:
Invessence, Inc., provides digital wealth management technology that enables asset managers, broker-dealers and advisory firms to deliver their investment solutions at scale. It provides a dynamic user experience for both the advisor and investor by simplifying the investing process into a streamlined digital solution. Invessence provides services globally. For additional information, visit www.invessence.com.