Face X: connect your financial account to Wealthface
We always make sure to add new features that allow us to serve you better, and that’s why Face X, can let you connect your financial account and fund your account instantly through Plaid.
You can connect your bank account through our Plaid integration and fund your account instantly by wire transfer and many other options that we provide.(wire transfer, credit cards, Transferwise, and western union).
Our backend engineering team has predicted this day will come! That’s why, since day one, with Wealthface vision, we made sure that our infrastructure is super flexible and secure to work with the right partner that has the capability, capacity, and experience to support us in delivering what you asked for.
Thanks to our work with partners that share the same vision and have the most advanced technology that can help us always to keep enhancing our solutions to serve you better.
In addition to the innovation, you can open an account with Wealthface under the U.S regulation, and fund instantly in USD with the help of Plaid.
Why do that?
We have partnered with Plaid to help you fund your account instantly in a very safe and secure way. With Wealthface your user journey is better. You can now connect your bank account through Plaid and make an instant deposit to start your investment journey.
DriveWealth, LLC, a U.S.-based leader in global digital trading technology, announced today a new partnership with Wealthface LLC, an innovative UAE-based wealth management company and online investment platform. The agreement marks DriveWealth’s first initiative in the Middle East and North Africa (MENA) region, bringing the firm’s technology and brokerage execution services to one of the region’s first investment Robo-advisors.
Employing DriveWealth’s proven technology, Wealthface will offer U.S. stock market access to a wide range of regional investors with varying investment amounts. Wealthface clients will also be provided access to fractional shares in familiar U.S. brands, an offering that DriveWealth has pioneered.
SIPC. DriveWealth, LLC is a licensed carrying and self-clearing broker offering digital brokerage solutions to broker-dealers, advisors, and online partners worldwide through its proprietary investment platform. DriveWealth, LLC delivers access to the U.S. securities markets along with an array of digital products that power both emerging and established financial companies. For more information, please visit DriveWealth.com
DriveWealth’s cloud-based, API-driven brokerage infrastructure can power a wealth of investing and embedded finance, product experiences, from trading, investing and retirement, to roundups and rewards, in real-time fractional shares. Embed investing into everyday customer activities and convert consumers into investors effortlessly.
- Real-time, dollar-based, fractional share investing
- Self-directed investing
- Retirement, HSA and thematic investing
- Digital advisory and Robo-portfolios
- Stock-back loyalty and rewards programs
- And much, much more!
Is my money secured?
Our brokerage firm is a member of the Securities Investor Protection Corporation (SIPC), which provides funds to meet claims up to a ceiling of $500,000, including a maximum of $250,000 for cash claims. For additional information regarding SIPC coverage, including a brochure, please contact SIPC at (202) 371‐8300 or visit www.sipc.org.
How to fund your account in USD?
You can fund your account by connecting your web account through our Plaid integration in a very easy process. You only have to enter your username and password of your Wealthface account.
What happens to my money if anything happens to Wealthface?
Your money is held at our Custodian banks, be it in cash or securities, and kept separately from Wealhface’s finances.
What does that mean for you? You will also always have the option to liquidate your account at any time without any additional fees. No matter what happens to Wealthface as a company, you have full access and complete claim to your assets. Wealthface has a professional Indemnity Insurance (PII) Coverage in place. Moreover, our brokerage firm is a member of the Securities Investor Protection Corporation (SIPC), which provides funds to meet claims up to a ceiling of $500,000, including a maximum of $250,000 for cash claims.
All the institutions we work with have top regulators, insurances and audits firms behind them.
Who is the custodian?
Drivewealth LLC is our registered broker-dealer, member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC) and the custodian is Citibank.
Will my cost change?
No, the cost will not change.
The pricing structure is the same for all our discretionary portfolio management, including Face X.
Will my investment be managed the same way or not?
We will manage your money the same way, with a technology-driven by a Nobel pricing academic research to minimize your risk and protect your capital.
Who is the custodian of my money?
Wealthface is regulated by the U.S Securities and Exchange Commission (SEC) and by the Financial Services Regulatory Authority of Abu Dhabi (FSRA). We have a Registered Investment Advisor License and Asset Management License, which has a very high standard of compliance, including a high-level audit standard. Drivewealth LLC is our registered broker-dealer, member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC) in the United States of America.
Where is Wealthface regulated?
Wealthface is regulated by the U.S Securities and Exchange Commission (SEC) and by the Financial Services Regulatory Authority of Abu Dhabi (FSRA).
How long does it take to withdraw my money?
The withdrawing option is available on the Wealthface Dashboard; it takes T+2 to execute your positions in the market; once the execution is done, we will send you the money. It should take a maximum of between 2 to 3 business days.
What is the seasoned period when I deposit money into my account?
There is a seasoned period of 60 days to deposit your money by credit card. There is a seasoned period of T+1 when you deposit the money by wire transfer.
What is SIPC protection?
SIPC protection of customers with multiple accounts is determined by “separate capacity.” Each separate capacity is protected up to $500,000 for securities and cash (including a $250,000 limit for cash only). Accounts held in the same capacity are combined for purposes of the SIPC protection limits.