M&A Deal Summary

DriveWealth Acquires Cuttone & Co.

On January 14, 2021, DriveWealth acquired financial services company Cuttone & Co.

Acquisition Highlights
  • This is DriveWealth’s 1st transaction in the Financial Services sector.
  • This is DriveWealth’s 1st transaction in the United States.
  • This is DriveWealth’s 1st transaction in New York.

M&A Deal Summary

Date 2021-01-14
Target Cuttone & Co.
Sector Financial Services
Buyer(s) DriveWealth
Deal Type Add-on Acquisition

Target

Cuttone & Co.

New York, New York, United States
Cuttone & Co., Inc. is a full-service institutional broker dealer provides direct access to the point of sale for NYSE securities. Cuttone was founded in 1984 and is based in New York.

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Buyer(S) 1

Buyer

DriveWealth

Chatham, New Jersey, United States

Category Company
Sector Information Technology
DESCRIPTION

DriveWealth LLC is an API-driven global brokerage infrastructure platform provides retail investing by enabling banks, global brands, and Fintechs to provide investment access and advice to underbanked and underserved customers that was previously only available to the wealthy. DriveWealth is based in Chatham, New Jersey.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1