DriveWealth is supporting the introduction of IOL Privé, a new wealth management service in Uruguay aimed at high-net-worth investors.
The service uses DriveWealth’s brokerage infrastructure to offer wealth advisory support, access to overseas investment options and fully disclosed US investment accounts through one client interface.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
IOL Privé has been introduced by IOL Group, which serves over 2 million customers.
The group is widening its range of services for affluent clients looking for wealth management, international diversification and direct entry to global markets.
IOL invertironline CEO Diego Pizzulli said: “Launching this project marks a major milestone for IOL Group. We started in Argentina more than 25 years ago, and now we are expanding our presence across the region with a real solution for our investors.
“The new platform will offer, through a dedicated app, advisory, investment and wealth planning services, delivering a seamless and professional experience.”
The agreement also increases DriveWealth’s activity in Latin America.
DriveWealth is a B2B financial technology company focused on Brokerage-as-a-Service.
It provides investing and trading systems for digital wallets, broker-dealers, asset managers and consumer brands.
As per the company, its APIs allow partners to create investment processes ranging from standard account services to features such as turning rounded-up purchases into fractional share ownership.
DriveWealth CEO Naureen Hassan said: “Private banking has historically been reserved for a very select group of investors willing to navigate complex onboarding processes and disconnected technology channels.
“Through our partnership with IOL Privé, we’re helping modernise private banking by providing the infrastructure to deliver seamless investment experiences in a digital platform clients already know and trust. Our missions are closely aligned in expanding access to investors on a global scale, while creating a more white-glove experience for high-net-worth individuals.”
