DriveWealth’s Integrated Investment Technology Democratizes U.S. Investment Opportunities For Georgians
JERSEY CITY, NJ, December 6, 2021 / PRNewswire / – DriveWealth, LLCa pioneer of fractional investing and integrated finance, today announced a partnership with Bank of Georgia via its investment banking subsidiary Galt & Taggart. Bank of Georgia is the first universal bank in Georgia for nearly 2.6 million users. DriveWealth’s real-time split-trading technology and API-based brokerage infrastructure will provide affordable access to investing in US equities for the first time in Georgia.
Investing in the US stock market has always required high minimums and was only accessible to high net worth individuals in Georgialeaving a large part of the population without access. Limited levels of accessibility and lack of financial literacy have led citizens to prioritize managing their money through bank and savings accounts, creating an education gap on the benefits of investing in stocks. American. This partnership will provide access to investment on a dollar equivalent basis (ie fractional shares) in more than 6,000 US securities and ETFs for the first time in the country.
“At DriveWealth, we are on a mission to democratize investing in the world by helping all investors gain affordable access to investing in US markets through fractional trading,” said Bob cortrightFounder and CEO of DriveWealth. “We are delighted to partner with the Bank of Georgia and Galt & Taggart to help remove traditional barriers to investing for the people of Georgia, while ensuring that every investor has the resources they need to learn how to own their financial future. “
“We are excited to bring this financial innovation to our clients in partnership with Galt & Taggart and DriveWealth. Until now, access to global investment opportunities has been limited to certain citizens in Georgiaand the population as a whole has not had access to the resources they need to learn how to create long-term wealth by investing. Together, we have created a product that completely reinvents existing investment experiences and gives our clients first-time access to affordable investments in US equities, ”said Archil Gachechiladze, CEO of Bank of Georgia. “We are also delighted to lead the way to better financial health for the citizens of Georgia through our partnership with DriveWealth. Their expertise in developing a modern brokerage infrastructure will help create new financial opportunities for millions of people. “
DriveWealth, the pioneer of fractional equity trading and integrated investing, is a visionary technology company that empowers more than 100 partners around the world to engage their clients by placing the markets in the palm of their hand. We believe the future is fractional, transactional, and mobile. Every mobile device should be a gateway to accessing investment and savings products, services, advice and assistance for global citizens of all ages, wealth levels and levels of financial expertise. DriveWealth’s unparalleled advisory support and industry-leading cloud-based technology platform enables partners to seamlessly deliver branded investment experiences to drive acquisition, retention, retention and growth of customer revenues. DriveWealth’s commitment to continuous evolution and innovation makes it the partner of choice to propel the future of investing. For more information, please visit drivewealth.com or connect with us on Twitter @DriveWealth.
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