Miami-based Avenue Securities, which helps Brazilian retail investors invest in American stocks, has announced a new partnership with US broker-dealer DriveWealth, LLC, to offer its clients affordable Execution and the ability to invest in fractional shares.
This collaboration enables Latino investors to build portfolios of US stocks, ETFs, and ADRs with low costs starting from $0.99 per trade. The fractional trading feature also eliminates the barriers that many investors face when trying to invest in a diversified portfolio of U.S. listed securities.
In addition, the partnership leverages Avenue Securities’ experience in Brazilian markets and DriveWealth’s technology and clearing capabilities to enable retail investors to open a live trading account, transfer funds at lower costs, and manage their investments under a complete digital platform.
DriveWealth already partners with many financial institutions, brokers, app developers, and technology companies to provide users with the ability to open a US-based brokerage account and invest in the US Equities market.
Commenting on the news, DriveWealth CEO Robert Cortright said: "We are proud to work with Roberto Lee and Avenue Securities. Supporting this type of product, which will make U.S. stocks and ETFs available to Brazilian investors of any size, is at the heart of the mission of our company. Given Roberto's impressive record of innovation and success in Brazil, we are confident that this partnership will have a major impact in that market."
Brazilian entrepreneur Roberto Lee, founder and CEO of Avenue Securities, added: "Our mission is to bring U.S. equities – the world's largest stock market – to Brazilian investors, regardless of size, and eliminate the bureaucracy that traditionally has hampered access to this market. DriveWealth's real-time fractional share trading capability will allow our customers to own stock in the brands they know and use every day."
