London, December 13, 2023
Mirae Asset Wealth Management, headquartered in Seoul, South Korea, boasts 12 years of experience and operates in 18 markets worldwide, managing over $564 billion USD in total assets under management (AUM). With a core philosophy of valuing its people and embracing the future with an open mind, Mirae Asset is committed to delivering excellence in investment management to help clients achieve their financial goals.
Mirae Asset and Velexa share a common passion for increasing financial literacy and educating the next generation of investors. This partnership is rooted in their shared belief that financial education coupled with access to broad financial markets empowers individuals to grow their wealth by making informed decisions. Mirae Asset’s commitment to bringing the world to Brazilians through financial education aligns perfectly with the features supported by Velexa’s platform, including personalised content and data.
The strategic vision behind the partnership is for Mirae Asset Wealth Management to become pioneers in the Brazilian financial investing market by providing local investors with access to international financial markets. Currently, the Brazilian investment landscape is relatively closed, and investors primarily have access to local market instruments. In conjunction with access needs to be education to empower self-directed investors. Furthermore, next-generation investors are now looking to diversify into a broader set of asset management products, converting from risk-averse savings products into more attractive investments. Through this collaboration with Velexa, Mirae Asset Wealth Management will gain access to a powerful SaaS investing platform with which it aims to open doors to new opportunities for Brazilian investors.
The partnership will unfold in several stages, starting with enabling access to the US stock market, including Nasdaq and NYSE, followed by European stock exchanges such as London and Amsterdam. In subsequent phases, the connectivity will be extended to other global stock markets, including those in Asia and Chicago. Investors will have access to two major asset classes: stocks and Forex, expanding the breadth of investment options available to them over time. Velexa will provide complete mobile applications and web applications in English and Portuguese, so end-users can trade and invest at their convenience.
“We believe this partnership reinforces our mission of creating a better world through investment,” said Ricardo Tantulli, COO at Mirae Asset Wealth Management. “By combining our international expertise with Velexa’s cutting-edge technology, we aim to redefine the investment landscape in Brazil, providing our clients with unprecedented access to global financial markets.”
“Brazil is a very exciting market because of the increased demand in independent investment platforms, and the increased interest in global markets. Mirae’s strong position in Brazil will be further amplified through this partnership, providing products that the end-users really want,” commented Tamara Kostova, CEO of Velexa.
This partnership comes at a crucial juncture when the demand for comparison platforms, risk management tools, and customised investment guidance is on the rise. Mirae Asset Wealth Management and Velexa are well-positioned to meet these evolving needs. As the financial landscape in Brazil continues to transform, Mirae Asset Wealth Management and Velexa are committed to leading the way, offering investors new horizons and unlocking the full potential of their investments.
Velexa is a WealthTech company focusing on democratising the wealth management industry. Velexa’s B2B2X investing technology platform empowers its client institutions to capitalise on the demand for modern and ubiquitous investing solutions by new generation investors. Listed among the world’s 100 most innovative WealthTech companies by Fintech Global in 2022 and 2023, Velexa delivers a full front-to-back investing platform, ranging from brandable front-end solutions to market connectivity and trade execution. Headquartered in London, UK, Velexa has a local presence in Southeast Asia, Europe, and UAE.
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