DriveWealth Partners with GBM to Close the Wealth Gap and Provide Affordable Access to U.S. Stock Market for New Investors in Mexico
October 14, 2021 at 09:00 am EDT
Share
DriveWealth, LLC announced a partnership with Grupo Bursátil Mexicano (GBM), the leading investment platform and brokerage firm that is transforming the investing landscape with the mission of democratizing investing in Mexico. Leveraging DriveWealth’s real-time fractional trading technology and API-based brokerage infrastructure, Mexican investors will gain affordable and expanded access to investing in U.S. equities. Previously, access to U.S. investing was reserved for high net worth individuals in Mexico, with only 298,000 brokerage accounts in Mexico at the end of 2019, according to the National Banking and Securities Commission (CNBV). GBM has more than two million accounts. Customers will now be able to invest on a dollar equivalent basis (i.e. fractional shares) through the company’s Trading USA tool powered by DriveWealth, allowing everyday investors to gain access to investing in U.S. securities.
Grupo Bursatil Mexicano SA de CV Casa de Bolsa, formerly Corporativo GBM SAB de CV, is a Mexico-based company engaged in the financial sector. The Companyâs activities are divided into two segments: Securities brokerage and Asset management. The Securities brokerage division focuses on the buying and selling stocks for third parties, as well as advisory services and market analysis. The Asset management division provides treasury services, management of investment funds, as well as wealth management, among others. The Company operates through a number of subsidiaries, such as GBM Administradora de Activos SA de CV, Fomenta GBM SA de CV, GBM Capital S de RL de CV, Portfolio Investments Inc and Interesa SA de CV.