DriveWealth And SIC Global Announce Partnership To Bring U.S. Equities to India
DriveWealth, LLC (DriveWealth) is pleased to announce its partnership with SIC Global & Advisory FZC (SIC) to enable US equities trading for Indian investors.
The SIC investing app offers mobile US equities access to Indian investors, enabling them to open a live US investing account, transfer funds, and trade from their mobile phones. DriveWealth, a B2B2C US broker-dealer, partners with innovative companies around the world to offer international investors unprecedented access to the US equities market. Through their current universe of partners, DriveWealth has access to hundreds of millions of potential investors and will act as the US broker partner for SIC’s new investing app.
Through its partnership with DriveWealth, SIC is able to provide Indian investors the ability to build globally diversified portfolios of US stocks, ETFs, and ADRs. Investors will also have the unique ability to invest in fractional shares, which effectively eliminates the barriers to entry that many Indian investors faced when trying to invest in US stocks.
The SIC app is extremely easy to use and features a built-in practice account that allows users to familiarize themselves with investing. Investors can view their portfolio with a simple swipe, and it is updated in real time. Moreover, Smart Reports allow users to view a snapshot of their monthly transactions.
“SIC GLOBAL knows that globalization demands two competencies: pooling the best solutions from around the world and then tailoring and delivering them locally. After 20 years of customer service in India, we are proud to offer a revolutionary product and an innovative app which will help Indians to invest in the US equity market seamlessly” Mr. Sidharth Handa, CEO of SIC Global Ltd.
“DriveWealth is excited to partner with SIC Global to empower a new generation of Indian investors by providing affordable access to the US stock market. Indian investors will have affordable access to US investing accounts and the ability to easily create globally diversified portfolios,” said Robert Cortright, Founder and CEO of DriveWealth, LLC.
DriveWealth, LLC, member FINRA and SIPC, is a mobile and global full-carrying broker-dealer for retail investors and provides a low cost, easy-to-use US equities investing platform to individuals worldwide. DriveWealth also partners with businesses around the world to offer its Brokerage as a Service platform, which allows global financial institutions to give their clients access to US listed securities.
About SIC Global
SIC Global Ltd. is headquartered in Dubai, with offices in Bengaluru, Mumbai and London, providing a robust platform to investors to invest in and trade on US stock markets. SIC Global is an off-shoot of CSB House. CSB House, founded by Col. (Retd.) Rajinder Handa, is one of India’s most reputable broking firms. Over the last two decades, CSB House has gained widespread presence across the country, earning access to membership of the country’s top stock exchanges.
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