IIFL Securities has partnered with global investment platform Stockal to attract $75-100 million worth of cross-border investments from Indian investors in the next 12 months. This partnership will help IIFL Securities’ customers to have access to over 3,500 US-listed companies, invest in fractional stocks, and expert-curated stacks, and exchange-traded funds (ETFs) to suit the risk and industry preferences of the individual investors.
The tie-up between the two companies will help increase the number of millennials who are eager to invest in the US stock market. This strategic B2B partnership will offer both companies an edge to increase their reach and product offering for savvy investors.
IIFL Securities operates as an investment management company. The Company offers insurance, loans, mutual funds, property solutions, and wealth management services.