“Stocks & Shares ISA clients can now choose to buy stocks in the way that suits them best, either regularly with weekly purchases, to help mitigate the effects of market volatility, or through one-time purchases. They also have the ability to build their portfolio of particular stocks over time with fractional shares.

Moneybox has enhanced the investment proposition of its app-based digital wealth management platform with the launch of individual stocks.

Offered alongside its current range of diversified tracking funds and ETFs, and powered by DriveWealth, Moneybox’s portfolio of individual stocks will be available to clients through Moneybox Stocks & Shares ISA.

The initial range of US stocks launched includes 20 of the largest and best-known US companies, including Amazon, Apple, Tesla and Microsoft, as well as brands such as Coca-Cola, JPMorgan Chase & Co, Nike, McDonald’s and more. .

Piggy bank makes it easy to save, invest, buy a home and retire

The wealth management app allows clients to customize their investment allocations based on their values ​​and goals by tapping into a range of tracker funds and ETFs.

Moneybox supports a range of products and services in the areas of savings, investing, home buying and retirement. A recent and successful Series D funding round of $35 million in March 2022 has accelerated Moneybox’s expansion in both customer count – having reached a community of over 900,000 – and AAU – surpassing the £3 billion of assets under administration.

Caroline Murphree, Moneybox MD, Investment, Savings and Retirement, said; “We made Moneybox what it is today by listening to feedback from our customers. The ability to buy individual stocks has been one of our most requested features for some time. ISA customers can now choose to buy stocks in the way that suits them best, either regularly with weekly purchases, to help mitigate the effects of market volatility, or through one-time purchases.They also have the option of building up their portfolio of particular stocks over time with fractional shares.

“Historically, investing has been one of the best ways to grow your money over time and offset inflation. In today’s environment, it has never been more important to diversify investments to mitigate the impact of market volatility. At Moneybox, our mission is to help people build wealth with confidence, and our investment proposition focuses on providing an accessible and intuitive platform and a wide range of products,… tools and information to help people build a well-diversified, long-term portfolio. .”

DriveWealth has rolled out a new multi-asset class trading system

DriveWealth recently rolled out a new proprietary ultra-low latency trading system provided by Adaptive Financial Consulting. The fintech giant has ordered the new trading system from Adaptive to meet growing demand in its retail brokerage business and to meet the demands of a growing number of fintechs looking to add trading capabilities to the US stock markets.

Already partnered with over 100 brokers around the world, DriveWealth isn’t backing down anytime soon as it continues to serve millions of traders using the company’s software through third-party retail platforms. End users have more than doubled over the past year to more than 12 million, DriveWealth reported.

Built using Adaptive’s Aeron Solution Accelerators in close coordination with DriveWealth’s core business team, the new Order Management System (OMS) handles large order volumes and will initially support all in-house orders for split trading of US stocks, with other asset classes to follow.

The Adaptive-DriveWealth partnership has resulted in a well-functioning, ultra-low latency OMS built on the open-source Aeron Transport and Aeron Cluster solutions, the announcement said.

Former DriveWealth co-founder Steve Cortright has joined Investall as CEO

Last month, former DriveWealth co-founder Steve Cortright joined Investall as managing director. Investall is an AI-powered mobile trading platform for personal finance and investing that provides access to thousands of stocks and major cryptocurrencies.

Steve Cortright joins Investall from DriveWealth Technologies, the New Jersey-based fractional investing and integrated finance pioneer, where he led the advisory products division and was responsible for the company’s digital wealth management solution. ‘company.

The platform provides multi-timeframe price predictions and financial projections for auto-trading, as well as easy-to-use automated products such as Robo, Goals, and AI-Trader for directed trading.

The Investall app also features AI-powered budgeting tools to track user net worth, credit score, and deliver powerful insights in an intuitive interface. The Investall application is available on mobile devices on IOS, Android and on the web.