DriveWealth's vision is to be the global aggregator of retail investor accounts, offering partners and customers low cost access to the desired US equity markets over their vertically integrated platform.
Chatham, NJ (PRWEB) April 28, 2015
DriveWealth Holdings, Inc., sole owner of DriveWealth, LLC, a global online retail equity platform, is pleased to announce an investment by Route 66 Ventures LLC, a private investment firm that provides venture capital and private equity to high-growth companies in the financial services sector. DriveWealth will utilize the new funding to support the onboarding of the Company’s global partners and customers, as well as its product and service offering. Terms of the investment were not disclosed.
DriveWealth's vision is to be the global aggregator of retail investor accounts, offering partners and customers low cost access to the desired US equity markets over their vertically integrated platform. DriveWealth’s Brokerage as a Service offers partners worldwide (foreign brokers, developers, and content providers) the ability to easily integrate and offer US stocks, ADR's and ETF's. DriveWealth’s current partners have several hundred million customers in the aggregate. The DriveWealth ecosystem enables businesses to work together and share revenue across different products and relationships. DriveWealth has customers in over 135 countries since the Company’s commercial launch in August 2014.
“Route 66 backs experienced management teams in high growth sectors of the global financial services industry” said Michael Meyer, Managing Partner of Route 66 Ventures. “We are excited to partner with the DriveWealth team to build a truly global retail investing platform.”
“With our first institutional round secured and through our new partnership with Route 66, we will continue to distribute DriveWealth’s services and bring affordable investing to everyone, everywhere,” said Robert Cortright, Founder and CEO of DriveWealth. “Our partnership with Route 66 has put us in a great position to forge new relationships and discover more avenues for distribution of our investing platform.”
DriveWealth,LLC, member FINRA and SIPC, is a mobile and global full carrying broker dealer for retail investors and provides a low cost, easy-to-use 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 US listed securities.
About Route 66 Ventures:
Route 66 Ventures is a private investment firm that focuses on high-growth opportunities at all stages of a company’s lifecycle. Route 66 is interested in various sectors of the financial services industry, including asset management, lending, capital markets, insurance, payments services and business services. Route 66 also considers opportunities outside of financial services, including project finance, structured finance, and real estate, when an especially compelling value proposition exists. Visit the firm online at http://www.route66ventures.com.
DriveWealth, LLC • Member FINRA/SIPC.
Member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at http://www.sipc.org.
Investment Products: Not a Deposit • Not FDIC Insured • No Bank Guarantee • Not Insured by any Federal Government Agency • May Lose Value.
DriveWealth is a mobile investing platform for individual investors that offers a selection of Exchange Traded Funds (“ETFs”) and US listed stocks. DriveWealth also offers free educational content to help investors understand finance and investing basics.
You must be at least 18 years of age and comply with our “Know Your Customer” requirements in order to open a live investing account with DriveWealth.
There is a $50 minimum initial deposit required to open a live investing account. Fees and Expenses associated with the DriveWealth platform include $2.99 ($4.95 in China) commission per transaction. There are no monthly minimum fees, or required ongoing minimum account balance. For non-resident aliens, there is a one-time tax verification fee of $5.00 (representing Form W-8BEN pass-through processing cost).View a full list of our fees at http://bit.ly/DWFees
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Online trading has inherent risk due to system response and access times that may be affected by various factors, including but not limited to market conditions and system performance. An investor should understand such facts before trading.
The risks associated with investing in international securities, including US-listed ADRs and ETFs that contain non-US securities include, among others, country/political risk relating to the government in the home country; exchange rate risk if the country's currency is devalued; and inflationary/purchasing power risks if the currency of the home country becomes less valuable as the general level of prices for goods and services rises.
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