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Chatham, NJ (PRWEB) April 28, 2015
DriveWealth Holdings, Inc., sole proprietor of DriveWealth, LLC, a worldwide online retail equity platform, is pleased to announce an funding by Route sixty six Ventures LLC, a personal funding firm that gives challenge capital and personal equity to high-boom firms in the monetary services sector. DriveWealth will make the most of the brand new funding to beef up the onboarding of the corporate’s global partners and customers, in addition to its product and repair offering. phrases of the investment weren’t disclosed.
DriveWealth’s imaginative and prescient is to be the worldwide aggregator of retail investor bills, providing partners and consumers low cost access to the specified US fairness markets over their vertically integrated platform. DriveWealth’s Brokerage as a carrier deals partners global (foreign brokers, developers, and content material suppliers) the ability to simply integrate and offer US stocks, ADR’s and ETF’s. DriveWealth’s current partners have a number of hundred million shoppers within the aggregate. The DriveWealth ecosystem enables companies to work collectively and share revenue across different merchandise and relationships. DriveWealth has customers in over one hundred thirty five countries because the firm’s commercial launch in August 2015.
“Route sixty six backs experienced management groups in excessive boom sectors of the worldwide monetary products and services trade” said Michael Meyer, Managing partner of Route 66 Ventures. “we are excited to partner with the DriveWealth staff to build a very international retail investing platform.”
“With our first institutional round secured and through our new partnership with Route 66, we can continue to distribute DriveWealth’s services and convey inexpensive investing to everybody, all over the place,” mentioned Robert Cortright, Founder and CEO of DriveWealth. “Our partnership with Route 66 has put us in a really perfect place to forge new relationships and uncover more avenues for distribution of our investing platform.”
DriveWealth,LLC, member FINRA and SIPC, is a cellular and world full carrying dealer supplier for retail traders and offers a low value, simple-to-use investing platform to folks global. DriveWealth also partners with businesses all over the world to provide its Brokerage as a service platform, which permits global financial institutions to present their purchasers get entry to to US listed securities.
About Route sixty six Ventures:
Route sixty six Ventures is a personal funding firm that specializes in high-increase opportunities in any respect stages of an organization’s lifecycle. Route sixty six is concerned about various sectors of the monetary services business, together with asset management, lending, capital markets, insurance, payments products and services and trade products and services. Route 66 also considers alternatives outdoor of economic services and products, together with mission finance, structured finance, and actual estate, when an especially compelling value proposition exists. seek advice from the firm on-line at http://www.route66ventures.com.
DriveWealth, LLC • Member FINRA/SIPC.
Member of SIPC, which protects securities buyers of its contributors as much as $ 500,000 (including $ 250,000 for claims for cash). Explanatory brochure available upon request or at http://www.sipc.org.
funding merchandise: now not a Deposit • not FDIC Insured • No financial institution guarantee • no longer Insured through any Federal govt agency • may just Lose price.
DriveWealth is a cell investing platform for individual traders that gives a selection of change Traded money (“ETFs”) and US listed stocks. DriveWealth additionally offers free tutorial content to help traders take into account finance and investing basics.
it’s important to be as a minimum 18 years of age and conform to our “know Your consumer” requirements to be able to open a are living investing account with DriveWealth.
there is a $ 50 minimum initial deposit required to open a are living investing account. fees and bills associated with the DriveWealth platform include $ 2.ninety nine ($ 4.95 in China) fee per transaction. There aren’t any monthly minimum charges, or required ongoing minimal account steadiness. For non-resident aliens, there’s a one-time tax verification fee of $ 5.00 (representing kind W-8BEN cross-via processing price).View a full list of our charges at http://bit.ly/DWFees
All investing carries risk. prior efficiency is just not indicative of future returns, which may vary. Investments in shares and ETFs may decline in value, probably leading to a loss of most important.
online buying and selling has inherent risk as a result of system response and get right of entry to instances that may be affected by quite a lot of components, including but no longer limited to market conditions and gadget efficiency. An investor must be mindful such tips ahead of buying and selling.
the hazards associated with investing in global securities, including US-listed ADRs and ETFs that incorporate non-US securities embody, amongst others, usa/political possibility on the subject of the federal government in the dwelling usa exchange rate chance if the us of a’s forex is devalued and inflationary/purchasing power dangers if the foreign money of the house country becomes much less precious as the general level of costs for goods and services rises.
sooner than investing in an ETF, an investor should believe the funding objectives, risks, costs, and cost of the funding company in moderation. The prospectus contains this and different essential details about the funding company. You will have to learn the prospectus in moderation ahead of investing. you may also acquire a duplicate of the prospectus at drivewealth.com/explore/merchandise.
Symbols, photography, worth, and volume knowledge that are proven within this web site are for illustrative functions handiest and don’t represent a advice by way of DriveWealth to purchase or promote a specific security.
apply bills are to be had to all customers possibility free and for gratis to the person. observe accounts are to be utilized for instructional functions most effective. observe debts are funded with digital greenbacks, not actual bucks, because of this that a person can neither achieve nor lose money.