DriveWealth, a fintech company providing access to US securities, has collaborated with Singapore-based Bambu to launch a new robo-advisory platform for wealth management professionals in the US.
The robo-advisory tool combines DriveWealth’s API suite and Bambu’s robo-advisory software.
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DriveWealth’s API suite has been designed to easily integrate with any mobile platform. The suite facilitates onboarding, ordering, funding, and reporting of US stock markets. On the other hand, Bambu’s software automates financial planning and investing.
The new platform leverages DriveWealth’s real-time, fractional share technology and Bambu’s responsive HTML front-end user interface.
The platform includes an adviser dashboard that exhibits all client activities including alerts as well as enables invested capital and cash balance tracking.
Additionally, it features a CIO dashboard that supports the creation, simulation and rebalancing of portfolios.
DriveWealth
Users can also utilise the platform to manually adjust their investment goals and carry out in-depth evaluation of their investments.
DriveWealth CEO Robert Cortright 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.”
Bambu CEO Ned Phillips added: “We are confident that this end-to-end service for financial institutions in the U.S. will be a game changer in simplifying investing.”
