Scivantage®, a leading SaaS provider of Cost Basis, Information Reporting and Digital Wealth Management solutions announced today that DriveWealth, LLC, an innovator in digital broker solutions, has selected Maxit E2E to provide automated cost basis reporting and complete end-to-end tax reporting to its brokerage clients.
CHATHAM, N.J. and PARIS, Nov. 15, 2018 /PRNewswire/ -- DriveWealth, LLC, a leader in global digital trading technology, today announced a strategic partnership with Trading Central, a global leader of financial market research and investment analytics. The new relationship will allow the two companies to leverage the complementary elements of their businesses: seamless, digital, mobile-first transaction capabilities and sophisticated, accessible and actionable financial content.
Within the vastness of investing in the U.S. stock market, DriveWealth is utilized by thousands of clients in more than 150 countries. The licensed self-clearing broker offers digital brokerage solutions in its own platform.
November 06, 2018 02:06 PM Eastern Standard Time
NEW YORK--(BUSINESS WIRE)--Say™, a technology company offering new tools for shareholder voting and engagement, today announced a partnership with DriveWealth, a fintech company providing brokers, digital advisors, and mobile financial services companies seamless access to the U.S. securities market.Read More
“Digital brokerage solution provider DriveWealth has joined forces with Australian global payments innovator Verrency. The partnership will enable DriveWealth to deliver its ground-breaking fractional share investment platform to a new segment of consumers…”
“A new player has entered the RIA custody and clearing business; DriveWealth and its CEO Robert Cortright has a head-spinning track record of success in ventures that blend financial technology and the processing of money. His latest business, IBD and technology vendor DriveWealth, is built on the premise that it's not just sluggish old-line broker-dealers and custodians that need to step aside. He's also targeting Dallas-based robo-custodian of choice Apex…”Read More
"Today, the two firms announced a partnership and introduced a white-label advisory software product designed to automate financial planning, saving and investing for the U.S. wealth management market, one flexible enough to essentially give advisors and asset managers the means to implement their own portfolios and strategies in a bespoke robo platform..."Read More
“DriveWealth Technologies, a digital broker-dealer for retail investors, is among the clients to be using the Elektron real-time in the cloud delivery. Harry Temkin, Chief Information Officer of DriveWealth Technologies, comments: “Our business is using the cloud to improve our agility and being able to access real-time pricing data means we can power our business applications with trusted information from Thomson Reuters, with a simple solution that was up and running in a matter of hours.”Read More
"DriveWealth, a company building technology to bring the cost of investing to zero, has landed $21 million in an investment round led by four investors including the venture unit of Steve Cohen's Point72. The New Jersey-based company announced Tuesday the Series B fundraise led by Point72 Ventures, SBI Group, Raptor Group, and Route 66 Ventures, a previous investor in the company..."
"DriveWealth’s suite of APIs provides technology designed to modernize financial services for the digital age. The Company’s cloud-based infrastructure offers powerful scaling and pricing efficiencies enabling its global partners – including online brokers, digital advisors and mobile online financial services companies – to seamlessly access the U.S. securities market..."Read More
“Purple Group’s online investment platform, Easy Equities, is teaming up with US stockbroker DriveWealth to enable South Africans to buy US-listed stocks, such as Apple and Facebook...This comes as South African investors are looking to increase offshore holdings following the country’s credit rating downgrades. Passive investment manager Coreshares recently listed the first S&P 500 ETF on the JSE...”
“Margin calls—the “friendly” shoulder-tap from your brokerage that means you’re in a losing investment position and your broker needs more capital to cover it—are the bane of every trader and investor who uses leverage. But for those on the DriveWealth platform, the technology’s new real-time margin feature all but makes traditional margin calls a thing of the past…”
“The wealth management set of APIs will help advisors build portfolios for their clients. It will also allow them to use real-time fractional shares, so investors who want to risk less capital can take part in the markets.
“Through its partnership with DriveWealth, CreditEase is able to provide Chinese investors with globally diversified managed portfolios. ToumiRA incorporates US equities powered by DriveWealth into its streamlined global asset allocation strategy to make building a diversified global portfolio easy and hassle-free…”Read More