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Marstone & Bancolombia to bring wealth management services to LatAm customers

By Delisha Fernandes

June 29, 2023

  • Accounts
  • Assets
  • B2B Wealthtech
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MarstoneMarstone, a leading digital WealthTech firm, announced it has partnered with Grupo Bancolombia (CIB), a bank in Colombia that provides its digital investment platform to Bancolombia Capital’s Latin American customers.

Marstone has collaborated with BlackRock, a multinational investment firm based in New York City, to provide Bancolombia Capital clients access to select UCITS strategies.

To allow for a more seamless customer experience, Marstone’s platform is now multilingual, supporting Bancolombia Capital clients in Spanish and English. Clients can now open US-based accounts and invest entirely digitally while diversifying their exposure.

“We are committed to financial inclusivity, and part of that work means ensuring our platform meets the needs of international clients seeking to diversify their portfolios and exposure to new assets. Our latest partnership with Bancolombia marks the expansion of Marstone’s digital wealth solutions to Latin American customers,” said Margaret J. Hartigan, co-founder and CEO of Marstone. “Marlstone’s platform enables Latin American customers to open accounts digitally seamlessly. We are excited to ease the adoption of digital wealth management and the valuable strategies we unlock, including BlackRock’s UCITS funds.”

Bancolombia has nearly 30,000 employees and a presence in Colombia, Panamá, Guatemala, and El Salvador. With the assistance of Bancolombia’s Miami-based broker-dealer, customers will open accounts digitally, where the assets will then be invested in model portfolios featuring BlackRock’s UCITS funds.

Marstone is a leading digital wealth management platform that aims to enhance financial literacy, deepen financial inclusion, and humanise finance for all. Its enterprise-ready solution, Powered by Marstone, enables financial institutions to efficiently and affordably reach, acquire, and retain clients who seek detailed information and engagement around their finances.

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