DriveWealth Holdings, Inc., a U.S.-based fintech company providing brokers, digital advisors, and mobile online financial services companies seamless access to the U.S. securities market, announced on Tuesday it has teamed up with Bambu, a global provider of robo-advisory technology, to launch a robo platform for registered investment advisors.
DriveWealth is a mission to democratize investing in the U.S. stock market by making it available to everyone, globally, at an affordable cost. The company revealed its suite of APIs, which include the onboarding, ordering, funding, and reporting of U.S. stock markets, natively integrates onto any mobile platform, and its cloud-based infrastructure offers scaling and pricing efficiencies. Meanwhile, Bambu’s white-label, robo-advisor software notably automates the process of financial planning, saving and investing for consumers. The companies explained that through the combination of their products creates a user- and developer-friendly end-to-end platform solution.
DriveWealth and Bambu’s new platform’s features include:
- An advisor dashboard that provides a one-page overview of all client activities, actionable client alerts, and tracking of invested capital and cash balances.
- A CIO dashboard that provides portfolio-building capabilities by assisting in the simulation, creation, and rebalancing of portfolios.
- An application for clients that offers them the ability to manually adjust investment goals, access live investments, and perform analyses of investments.
Speaking about the partnership with Bambu, Robert Cortright, CEO of DriveWealth, stated:
“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.”
