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DriveWealth and Stake Announce Partnership offering US Equities in Australia

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April 3, 2017: Chatham, New Jersey – DriveWealth, LLC (“DriveWealth) is pleased to announce its partnership with Stake (www.stake.com.au) to provide Australians with a

simple and affordable way invest in U.S. listed Equities. Stake’s financial markets experience and DriveWealth’s technology and clearing capabilities have combined to enable Australian investors to open a live U.S. trading account, transfer funds at lower costs, and manage their investments under a complete digital platform. Stake’s intuitive and easy to use investment shop has made trading US listed stocks and ETFs as simple as shopping online.

DriveWealth, a B2B2C U.S. broker-dealer, partners with innovative companies around the world to offer international investors unprecedented access to the U.S. equities market and is now thrilled to break into the Australian landscape with Stake, whose founders have strong pedigree and experience in financial markets and technology.

DriveWealth will act as the U.S. broker partner for Stake to deliver quality and affordable execution for Australians looking to get access to global investing >opportunities.

Through its partnership with DriveWealth, Stake is able to provide Australians the ability to build globally diversified portfolios of US stocks, ETFs, and ADRs with the competitive cost of $5.99 USD per trade. Investors will also have the unique ability to invest in fractional shares, which effectively eliminates the barriers that many investors face when trying to invest in a diversified portfolio of U.S. listed securities. Stake’s complete digital platform brings investing and e-commerce together, providing users with a simple and engaging way to manage their wealth. At stake.com.au, users can discover shares by using its integrated search panel, buy and sell in the click of a button, view their portfolio and remain updated on the news and performance of their holding in real-time.

CEO of Stake, Matthew Leibowitz said, “We know first-hand that accessing great financial products in Australia is complicated and expensive. We built Stake to bring great access to a broader range of financial products at the right price, so investors could get better returns. Partnering with a like-minded company such as DriveWealth helps us deliver on this mission.”<

About Stake

Stake is a regulated digital investment shop that enables Australians to buy, sell and gift US listed stocks and ETFs, more easily and affordably than ever before. Stake was built as a place to allow financial success to be within reach of anyone who seeks it, by creating a more simple, affordable and enjoyable investing experience. We saw how straight forward it had become to buy practically anything online, with the one exception, financial products. Stake does this by giving investors an eCommerce interface to access great investment opportunities at lower costs, so they can get better returns.

About DriveWealth

DriveWealth, LLC, member FINRA and SIPC, is a mobile executing and clearing broker-dealer for retail and institutional customers 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 technology solutions as a Service platform, which allows global financial institutions to give their clients access to US listed securities.

Posted-In: DriveWealthPress Releases

 

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