DriveWealth Opens U.S. Equity Markets to Retail Investors in India

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

DriveWealth

DriveWealth Opens U.S. Equity Markets to Retail Investors in India

July 27, 2019

DriveWealth  equity marketsDriveWealth has signed yet another deal to give retail investors across the world access to the U.S. equity markets. The U.S. based leader in global digital trading technology remains on its path of expansion with the recently announced partnership with Vested Finance, a U.S. registered investment adviser (RIA) serving the retail investor market in India.

The company has developed a proprietary ecosystem powered by licenses to clear fractional-share orders. Partners around the world and hundreds of thousands of clients have access to invest in a highly stable, liquid, and regulated financial system. The proprietary infrastructure allows investors to purchase securities without minimum account balances, high transaction costs or full share quantities.

Robert Cortright, CEO of DriveWealth
Robert Cortright, CEO of DriveWealth

Robert Cortright, Chief Executive Officer at DriveWealth, commented:

“Bringing retail investors in India straightforward digital access to the U.S. equity markets has long been a high priority for DriveWealth. The real-time fractional share trading capability of this offering means that individuals in India can own a stake in the U.S. companies they love and so many of the products they use every day, regardless of the amount they are able to invest.”

Viram Shah, Chief Executive Officer at Vested Finance, said:

“At Vested, we strongly believe that global investment opportunities should be available to individual investors throughout India. Whether a customer’s objective is to invest in global brands, to save for U.S. dollar spending or to add international diversification to their portfolio, our Vested offering can accommodate their needs, with no minimum investment required. We are confident that this product – powered by DriveWealth’s unique technology and fractional investing capabilities – will successfully meet the needs of the Indian retail market.”

The U.S: broker-dealer and regulated by FINRA/SIPC has recently partnered with Sigma Securities Limited, a leading Nigerian brokerage firm, and Africa-based financial app developer Trove Technologies. Prior to that, the company opened the U.S. market to Brazilian investors by partnering with Miami-based online brokerage Avenue Securities, which provides easy access to mostly Brazilian retail investors interested in securities traded on U.S. exchanges.

DriveWealth has recently signed partnerships with mobile trading technology platform Invstr, and leading investment research provider Trading Central. DriveWealth has customers and partners in more than 140 countries allowing digital access to the US securities market for investors around the world.

In August 2018, DriveWealth and robo-advisory technology provider Bambu have launched a white-label, end-to-end robo-advisory platform solution for the wealth management industry.

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