JERSEY CITY, NJ, December 6, 2021 /PRNewswire/ — DriveWealth, LLCa pioneer in fractional investing and integrated finance, today announced a partnership with Bank of Georgia through its investment banking subsidiary Galt & Taggart. Bank of Georgia is the first universal bank in Georgia reaching 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 stocks for the first time in Georgia.
Investing in the US stock market has always required high minimums and was only available to wealthy individuals in Georgia, leaving 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 US stocks. This partnership will provide access to investing on a dollar equivalent basis (i.e. fractional shares) in more than 6,000 US stocks and ETFs for the first time in the country.
“At DriveWealth, we are on a mission to democratize investing globally by helping all investors gain affordable access to investing in US markets through fractional trading,” said Bob Cortright, founder and CEO of DriveWealth. “We are delighted to partner with Bank of Georgia and Galt & Taggart to help break down traditional investment barriers for the people of Georgia, while ensuring that every investor has the resources they need to learn how to take control of 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 select citizens of Georgia, and the general population has not had access to the resources they need to learn how to build long-term wealth by investing. Together, we have created a product that completely reinvents existing investment experiences and gives our clients first access to affordable investments in US stocks,” said Archil Gachechiladze, CEO of Bank of Georgia. “We are also excited to be leading the way in improving the financial health of 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 stock trading and integrated investing, is a visionary technology company that enables over 100 partners around the world to engage their clients by putting 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 access investment and savings products, services, advice and assistance for global citizens of all ages, levels of wealth and levels of financial expertise . DriveWealth’s unparalleled advisory support and industrial-strength, cloud-based technology platform enables partners to seamlessly deliver branded investing experiences to drive customer acquisition, loyalty, retention and growth. customer revenue. DriveWealth’s commitment to continuous evolution and innovation makes it the partner of choice to power the future of investing. For more information, please visit drivewealth.com or connect with us on Twitter @DriveWealth.
Emily Baldwin, DriveWealth