Geojit Financial Services Ltd has announced its partnership with New York-based global wealth management platform Stockal to develop the AI-powered global Investor platform for its customers to help them invest in the U.S. markets and diverse global assets through a single account from anywhere in the world.
In a statement issued, Geojit said, “The comprehensive tech-enabled digital experience will benefit more than 10 lakh Geojit customers as well as Indian retail investors, high-net-worth investors, ex-NRIs and ex-pat IT professionals who want to invest in the global assets.”
“Presently, the global investment platform will offer investment options in the U.S. market and will soon be adding other key global markets such as UK, Hong Kong, Germany, and Singapore to the platform,” the statement added.
Speaking on the partnership, Satish Menon, Executive Director of Geojit Financial Services said, “For over three decades, we have been offering an extensive range of trading and investment products and solutions that are effective and futuristic. At present, the investors are showing strong intent to spread risk and expand the equity investment horizon across geographies. There has been a substantial increase in demand from HNWIs, retail investors, and those who track global equity investment markets for investing in global equities. Our AI-enabled and insights-driven global investment platform will help them explore investment opportunities in well-regulated markets and build a risk-adjusted global investment portfolio. With us, investing in the global market becomes as effortless as investing locally.”
“Global assets have been in great demand in India for the last 12 months. Since the beginning of 2020, thousands of Indian retail investors have invested over Rs.350 crores in overseas markets,” the statement said.
Adding to the statement, Sitashwa Srivastava, Founder & CEO, Stockal, said, “We are thrilled to partner with Geojit and enable international investing services on their platform. With the huge respect and customer relationships that the Geojit brand has, we are sure their clients will enjoy investing in global companies. At Stockal, we have built a robust platform that executes nearly US$2 million in transactions every day from India and we look forward to supporting the journey of Geojit’s clientele.”