Drivewealth Company Profile, Wiki, Owner, Net Worth, Services, Brokerage, Logo, How it works, Solutions, Founder, CEO and more
Drivewealth is an American company of financial services. The company headquarter is in Jersey City, New Jersey, USA. It is a financial technology firm pioneering embedded finance, fractional investing in US equities, and API-driven brokerage infrastructure.
| Points | Information |
| Company Name | Drivewealth |
| Founder Name | Robert S. Cortright Julie Coin |
| Date of Establishment | 2012 |
| Establishment Place | United States |
| CEO | Robert Cortright “Bob” |
| Registered Address | 97 Main Street Chatham, NJ 07928, United States |
| [email protected] | |
| Telephone no. | +1 800 461 2680 |
| Company Status | Active |
| Website | www.drivewealth.com |
Establishment
Drivewealth established in 2012. The company-built patent-pending technology to fractionalize US equities and were the first to receive a license to do so in 2015. Drivewealth help banks, fintechs, RIAs, and global brands build investing experiences in 153 countries.
Services
- Trade
DriveWealth’offer you a trading platform where customers invest in their favorite brands or diversified portfolios. Even novice customers can start investing today in terms they understand, “$1 of Apple or $10 in Nike.” DriveWealth makes this possible for you because this platform was purpose-built for scale and ease.
- Advise
DriveWealth’s platform supports your Advisory business whether you advise clients and manage their portfolios on a discretionary or non-discretionary basis, or if you offer Robo portfolios. The AutoPilot toolkit allows each RIA to create their customized portfolios and investment baskets for their clients.
- Retirement
Creating the habit of investing spare change early is critical–today it’s a dollar at a time, tomorrow it’s a paycheck. With dollar-based, real-time investing capabilities, DriveWealth brings the world’s leading financial market to mass retail clients.
- Rewards
Incentive programs were created to help retain customers, but they do little to differentiate one vendor from another. Stock rewards can help your business stand out in a crowd and provide another way to engage brand loyalists. For example, with DriveWealth, you can reward clients when they increase their savings, pick good stocks, or buy your product with pennies of shares that add up.
- Robo
DriveWealth’s Robo technology helps you offer your clients a lower entry point into diversified, balanced portfolios for a fraction of the cost of a single share. The technology supports your risk questionnaire and matching a client’s risk profile to custom portfolios of U.S. investments. It’s never been easier for you to move your clients closer to their goals—a house, college, or retirement.
- Round-Ups
Roundups are a whole new way to think about investing. Give your clients the option to save more by rolling pennies of every purchase into a diversified portfolio, an index ETF, even the brands they buy most often. DriveWealth’s cutting-edge platform allows you to get creative. If you’re a card issuer looking to offer customers something new, this loyalty program is perfect.
- Health Savings Account (HSA)
A tax-advantaged Health Savings Account can be a critical tool in helping clients combat ever-increasing health care and retirement costs. Make your HSA offering even more attractive by giving your clients access to a variety of investment options, from Mutual Funds, ETFs and ETNs to fractional US equities.
How it works?
API Platforms
DriveWealth was made to support web applications and mobile devices. Your clients get exciting investment experiences in the palm of their hands because we deliver our cutting-edge technology through a lightweight but powerful suite of APIs:
- Account onboarding and funding
- Trading/investing
- Market data
- Corporate actions and events, and
- Account statements, trade confirmations, and even tax documents.
Brokerage
DriveWealth can manage the entire customer onboarding process, including AML/KYC compliance checks for customers anywhere in the world, plus fractional voting rights, proxy and prospectus delivery, and all of the client statements and tax reporting on fractional investments. If you’re already set up to manage all of this, you can quickly integrate with DriveWealth on an omnibus basis.
Through DriveWealth you can offer the full breadth or a limited subset of our investment products:
- 4,000+ equities, ADR’s, ETFs, ETNs, mutual funds, alternative investments
- Money market funds, FDIC bank sweeps
- New securities can be added upon request
- Non-U.S. equities, securities lending, and F/X coming this year
The power of fractionalization is in the ability to create balanced, diversified portfolios at a fraction of the cost of whole share investing. You and your customers can create portfolios based on industries or themes, e.g., a tech sector basket including TSLA, AMZN, AAPL, and GOOGL, at affordable entry points.
DriveWealth Institutional (DWI)
DriveWealth Institutional (DWI) is the newly launched institutional division of DriveWealth Holdings, Inc. It was formed with the acquisition of Cuttone & Co. and led by CEO Donato J. Cuttone, a member of the NYSE National Exchange. Donato and his experienced team have a strong institutional track record and a presence on the floor of the New York Stock Exchange.
It is one of the world’s most respected broker dealers, the service offering continues to expand, and enhance the institutional client’s brokerage experience. Institutional direct market access, custom algorithmic trading strategies, prime brokerage, options execution, and fixed income trading are the firm’s foundational offerings.
Implementation and Ongoing Support
The DriveWealth solution provides you with a Partner Portal to manage your integrations, validate API usage, and manage customer accounts pre- and post-launch.
Step 1: DESIGN.
Tell us about the experience you want to enable. The company is happy to share product or industry thoughts to help guide how you should encourage customers to think about investing.
Step 2: INTEGRATE
The development team has access to a replica of production to build and test your product. Company experts have substantial experience leading API technology and workflow integrations for Partners of all sizes and business models across the world.
Step 3: LAUNCH
Once you’re fully-integrated, compliance and legal teams take a look to make sure nothing seems out of place. The company provide production access, and accounts are instantly ready to be opened.
Company Logo
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