M&A
confidence high
sentiment positive
materiality 0.50
Investview acquires broker-dealer Opencash Securities to expand into retail brokerage
Investview, Inc.
- Completed acquisition of Opencash Securities LLC, an early-stage registered broker-dealer (member FINRA/SIPC).
- Plans to launch online self-directed retail brokerage platform; ramp-up expected by end of 2024.
- Deal positions Investview to integrate with proprietary algorithmic trading platform acquired in September 2021.
- CEO Victor Oviedo states acquisition is first step in delivering planned growth strategy and diversifying product offerings.
- Purchase price and other financial terms were not disclosed.