Inter&Co Announces that FINRA Approved Inter&CO Securities LLC to Operate as a US Broker During Nasdaq’s Opening Bell Ceremony
12 Mayo 2023 - 10:00AM
Inter&CO Securities, a subsidiary of Inter&Co (NASDAQ: INTR
| B3: INBR32) – the holding company of Inter Group – has
been granted approval by the Financial Industry Regulatory
Authority (FINRA) to operate as an investment broker in the United
States. The announcement was made during Nasdaq's Opening Bell
ceremony on Friday, May 12, and marks a significant step in the
company’s plans to bring its successful model and platform to the
US.
The new development will enable Inter’s
customers to access a broader range of international investments
beyond equities, REITs, and ETFs, which have already been available
for almost a year and attracted around 250,000 customers. The
success of the current offering, which allows Brazilian users to
invest directly in the world's largest companies listed on The New
York Stock Exchange (NYSE) and Nasdaq exchanges, served as a key
factor for the company’s decision to expand its offerings.
“Now, with US brokerage capabilities, Inter can
provide more investment opportunities for customers and this
expands the accessibility of the company’s investment portfolio
products from Brazil to the United States,” said Inter&Co's CEO
João Vitor Menin. “We were the first Brazilian company in the
financial sector to enable direct international investments,
seamlessly integrated within our Super App used in Brazil, and now
wish to grow our successful platform in the United States with a
thoughtful, measured approach.”
Felipe Bottino, director of Inter Invest, will
be based in the US to oversee the expansion of Inter&Co’s
brokerage capabilities. "Initially, beyond our equities services,
we will provide additional fixed income and investment funds, most
of them managed by Inter Asset, bringing together well-established
expertise in fixed income and real estate strategies," said
Bottino.
Bottino will join Cassio Segura, the lead on all
US Inter operations and executive partner of the recently acquired
YellowFi. Bottino will also work alongside John Torola, who will
lead brokerage operations. Torola has more than 20 years of
experience at FINRA and previously served as chief compliance
officer at Alpaca Securities and Wealthfront, the leading
robo-advisor for young professionals.
As part of the expansion, Inter is set to
receive the RIA (Registered Investment Adviser) registration, which
will allow the company to make investment recommendations in the
US. With this accreditation, Inter plans to establish a dedicated
wealth service division and offer customers the option of investing
in managed accounts.
“Our goal is to build and develop the same key
features and services that have made Inter Invest one of the most
successful fintech platforms with the best user experiences in
Brazil. We are committed to maintaining our focus on simplicity and
operational efficiency, which will then enable us to provide
superior and cost-effective products and services. By the end of
the year, we expect these two platforms in both regions to have
comparable product offerings,” said Felipe Bottino.
About Inter&Co
Inter&Co is the holding company of Inter
Group and indirectly holds all of Banco Inter’s shares. Inter is
the premier Super App providing financial and digital commerce
services to more than 26 million customers. We offer a complete
range of solutions, including banking, investments, credit,
insurance, and cross-border services, in addition to a marketplace
that brings together the best retailers in Brazil and the United
States.
Contacts:
Ideal
Amanda Shareghi
M +1 831 818 2893 / +1 213 631 5437
amanda.shareghi@ideal.pr
Catarina Lacarte
M +55 11 991351244
catarina.lacarte@ideal.pr
inter@idealhks.com
Inter (NASDAQ:INTR)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Inter (NASDAQ:INTR)
Gráfica de Acción Histórica
De May 2023 a May 2024