DriveWealth and Bambu Launch Robo Platform for Registered Investment Advisors
CHATHAM, N.J.--(BUSINESS WIRE)--Aug 7, 2018--DriveWealth Holdings, Inc. (“DriveWealth”), a fintech company providing brokers, digital advisors and mobile online financial services companies seamless access to the U.S. securities market, and Bambu, a global provider of robo-advisory technology, today announced the launch of a white-label, end-to-end robo-advisory platform solution for the wealth management industry.
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DriveWealth/Bambu’s App interface – Financial goals and portfolio recommendations (Photo: Business Wire)
DriveWealth’s 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 powerful scaling and pricing efficiencies. Bambu’s white-label, robo-advisor software automates the process of financial planning, saving and investing for consumers. Combining the capabilities of DriveWealth’s real-time, fractional share technology with Bambu’s responsive HTML front-end interface for smartphones, tablets, and desktops creates a user- and developer-friendly end-to-end platform solution.
Notable features of the platform 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.
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.”
Bambu is a leading global provider of robo-advisory technology for businesses of every size and industry, from finance to commercial or even new disruptors, transforming the digital wealth space. Bambu enables companies to make saving and investing more straightforward and intelligent for their clients. The smart advisory solution is powered by our proprietary algorithms and machine learning tools. Founded in 2016 by industry experts Ned Phillips and Aki Ranin, Bambu is situated in Singapore with subsidiaries in Hong Kong, Malaysia and the United Kingdom, as well as representatives in Africa, Europe and America.
DriveWealth Holdings, Inc., wholly owns DriveWealth, LLC, a member of FINRA and SIPC. DriveWealth, LLC is a licensed carrying and self-clearing broker offering digital brokerage solutions to broker-dealers, advisors and online partners worldwide through its proprietary investment platform. DriveWealth, LLC delivers access to the U.S. securities markets along with an array of digital products that power both emerging and established financial companies. For more information please visit https://drivewealth.com/.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180807005088/en/
CONTACT: Media Contact
Gasthalter & Co.
Amanda Klein/Grace Cartwright, (212) 257-4170
Steven Cortright, (973) 559-6751
Head of Advisory Product
KEYWORD: UNITED STATES ASIA PACIFIC NORTH AMERICA NEW JERSEY SINGAPORE
INDUSTRY KEYWORD: TECHNOLOGY INTERNET SOFTWARE MOBILE/WIRELESS PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: DriveWealth Holdings, Inc.
Copyright Business Wire 2018.
PUB: 08/07/2018 08:00 AM/DISC: 08/07/2018 08:01 AM