DriveWealth Holdings and robo-advisory technology provider Bambu have launched a white-label, end-to-end robo-advisory platform solution for the wealth management industry.Founded in 2012, DriveWealth is a fintech company providing brokers, digital advisors and mobile online financial services companies seamless access to the U.S. securities market Its suite of APIs include the onboarding, ordering, funding, and reporting of U.S. stock markets.
Bambu’s white-label, robo-advisor software, which automates the process of financial planning, saving and investing for consumers, combined with the capabilities of DriveWealth’s real-time, fractional share technology, becomes a user- and developer-friendly end-to-end platform solution.
Robert Cortright, CEO of DriveWealth, said:
“We are excited to join forces with Bambu, an innovator in goal-based planning and artificial intelligence, to launch a streamlined product for wealth managers seeking to offer a unique, easy-to-use investing platform directly to their retail customers. We look forward to a long-term partnership to advance the development of financial ecosystems globally.”
Ned Phillips, CEO of Bambu, added:
“We are thrilled to partner with DriveWealth, whose expertise in brokerage services, combined with our experience developing tailored robo-advisory solutions, has resulted in a platform that we believe will transform the digital wealth space. We are confident that this end-to-end service for financial institutions in the U.S. will be a game changer in simplifying investing.”
The platform features an advisor dashboard as well as a CIO dashboard that provides portfolio-building capabilities by assisting in the simulation, creation, and rebalancing of portfolios. The application for clients offers them the ability to manually adjust investment goals, access live investments and perform analyses of investments.
