20 October 2017
visit www.avoka.com

DriveWealth and Alkanza bring robo advisory services to Latin America

12 October 2016  |  4501 views  |  0 Source: DriveWealth

DriveWealth, a U.S.-based broker-dealer, is pleased to announce its partnership with Alkanza Inc., a Silicon Valley based Registered Investment Advisor.

Together Alkanza and DriveWealth bring premium digital investment advisory services to Latin America, beginning with Argentina and Chile.

Alkanza is a U.S. based Registered Investment Advisor (“RIA”) that offers investors around the world an automated platform to create and manage highly diversified investment portfolios for a low monthly fee. Clients of Alkanza can utilize its platform to generate savings goals and investment plans, while Alkanza’s proprietary artificial intelligence engine constructs investment portfolios to take into account these goals and risk tolerances. By connecting to DriveWealth, Alkanza can offer its extensive advisory services in Latin America, beginning with Argentina and Chile.

Alkanza is connected to DriveWealth through its Wealth Management set of APIs, which were announced over the summer. DriveWealth’s Wealth Management APIs give advisors the flexibility of choosing how they want to work with their customers by offering three levels of support: non-discretionary, blended, and fully discretionary. Alkanza provides fully discretionary accounts to their clients, which means that Alkanza will manage the strategy, trades, and rebalancing for their clients’ portfolios.

The collaboration between Alkanza and DriveWealth gives investors in Latin America the opportunity to have a professionally managed portfolio of U.S. securities at a price lower than many U.S. residents pay for similar services. Investors in Argentina and Chile who are interested in opening fully managed investment accounts can now open accounts via Alkanza’s website.

“After a lot of hard work, we are very proud to extend our service to savers in Latin America. By marrying our premium investment advisory programs with DriveWealth’s low-cost access to U.S. securities, our Latin American clients can now add a unique investment option to their investment plans. Our hope is that, with this service, we can help improve the financial outcomes of all of our clients, regardless of income level,” said Andrés Villaquiran, founder and CEO of Alkanza.

“DriveWealth believes investors everywhere, at every income level should have access to invest in US equities and build globally diversified portfolios for their futures. Our partnership with Alkanza makes it possible for investors in Latin America to not only gain access to the US stock market, but to have their portfolios managed by experienced professionals for an affordable cost,” said Robert Cortright, founder and CEO of DriveWealth.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.fivedegrees.nlvisit www.capgemini.com

Top topics

Most viewed Most shared
satelliteGates Foundation backs Ripple collaboratio...
8477 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8385 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7501 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6896 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6561 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job