WealthForge and PENSCO Trust Company introduce a new partnership that will help simplify the process of direct investment into private placements online for investors.
The collaboration between the two companies will bring the ability to invest self-directed retirement funds (IRAs, Roth IRAs, etc.) into private securities, expanding access to the fast-growing online private placement space.
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"PENSCO is a leader in the alternative custodian industry, and the integration of our technologies will allow clients to invest directly in private placements through our platform partners," said Mat Dellorso, CEO and Founder of WealthForge.
"This partnership supports the move of private security investing to the online world. It reflects our desire to promote best practices and instill greater confidence in investing online. PENSCO is the type of quality partner that embodies the high industry standards we are trying to set."
"At PENSCO, our mission is to help clients direct retirement funds into asset classes they may not have previously had access to through enhanced technology offerings and strategic partnerships with innovative companies such as WealthForge," added Kelly Rodriques, Chief Executive Officer, PENSCO.
"PENSCO is excited about the opportunities that firms like WealthForge are opening up to individual self-directed investors."
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By GlobalDataWealthForge recognized several years ago that accredited investors could benefit from the efficiencies and cost savings of online marketplaces and has been operating as a member of the Financial Industry Regulatory Authority (FINRA) since 2011.
The partnership with PENSCO represents another key component to help make investing online easier than traditional methods. Similar to its recent partnership with CUSIP Global Services (CGS), WealthForge is dedicated to bringing accessibility and transparency to the world of private investments.
