The integration of OneVest’s wealth platform with DriveWealth will offer enterprises a ready-to-deploy solution for wealth management. Credit: garagestock/Shutterstock.

Fintech firms DriveWealth and OneVest have entered an alliance, which will integrate OneVest’s comprehensive wealth management platform with DriveWealth’s investing ecosystem.

The partners aim to offer “next-generation” wealth management solutions.

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The direct accessibility of OneVest’s wealth platform within DriveWealth’s system will offer enterprises a fully configurable, ready-to-deploy solution tailored to contemporary wealth management requirements.

DriveWealth’s partners, including broker-dealers, RIAs, and international wealth advisors, will benefit from a white-labelled platform that encompasses modules for client onboarding, account opening, advisor and client experiences, portfolio management, and analytics.

DriveWealth’s APIs facilitate a seamless range of investing and trading workflows, extending from account creation to market trading and the issuance of tax statements.

The integration of OneVest’s modular wealth management solutions onto DriveWealth’s platform equips advisors with a white-label, turnkey solution that meets the evolving demands of both enterprises and investors.

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OneVest CEO Amar Ahluwalia said: “By partnering with DriveWealth, we’re enabling enterprises to deliver unparalleled experiences to their clients, meeting the ever-changing demands of today’s investors.”

The partnership combines DriveWealth’s proficiency in securities trading, clearing, and custody with OneVest’s expertise in wealth management technology.

This synergy enables enterprises to concentrate on providing personalised, scalable solutions that promote growth and enhance client satisfaction.

DriveWealth CEO Michael Blaugrund said: “At DriveWealth, we are committed to using technology to broaden access to the wealth creating potential of markets.

“This collaboration with OneVest will empower our partners with wealth advisory tools to thrive in a market landscape that continues to change for both established and newer participants.”

Last month, OneVest secured $20m in a Series B funding round, led by Salesforce Ventures.

New investors Allianz Life Ventures and TIAA Ventures also joined the round, alongside existing backers including OMERS Ventures, Deloitte Ventures, Fin Capital, Luge Capital, and Pivot Investment Partners.