AUSTRALIAN ASSOCIATED PRESS
  • TRUSTED
  • ACCURATE
  • IMPARTIAL
DONATE SUBSCRIBE
  • new product

Privat 3 Money Introduces Compelling New Features to its Investment App, Empowering Clients with Enhanced Financial Opportunities

PRNewswire July 5, 2023

LONDON, July 5, 2023 /PRNewswire/ — Privat 3 Money (P3), the UK’s premier WealthTech institution, has announced optimisations to its cutting-edge mobile Investment platform.

P3’s slick and sophisticated investment app interface

Following the platforms successful recent launch, P3 has been working tirelessly to enhance the user experience and provide clients with more lucrative financial opportunities.

Building upon its commitment to innovation, P3 has implemented the following updates to its trading facility powered by P3 Wealth and DriveWealth:

  1. Earn Monthly Dividends with Money Market (MM) Sweep: Qualified clients now can earn monthly dividends on uninvested USD cash balances through their P3 enabled brokerage account. With the US Fed fund rate currently sitting at around 5%, P3 enables clients to automatically earn a solid yield without significant effort. The Money Market fund, provided in collaboration with DriveWealth, boasts a current 1-day yield of 4.86% (see prospectus for details).
  2. Enhanced User Interface with Dedicated Service Lines: The P3 trading app now features two clear service lines within a single application, providing clients with a streamlined experience. The updated interface includes a dedicated e-money ecosystem and a dedicated investment interface.
  3. Advanced Metrics for Informed Cash Management: In response to valuable user feedback, clients can now access crucial information such as buying power, available funds, and overall account balance in the investment interface. These valuable metrics provide a comprehensive overview of financial positions, empowering clients to make well-informed investment decisions.
  4. Immediate Computing of Buying Power: Once funds have been deposited into the investment account, buying power is immediately available. This means that clients can seize investment opportunities without delay, ensuring they never miss lucrative trading prospects. Additionally, upon the sale of a position in a client portfolio, buying power is immediately updated and available for further investment without the necessity to wait for the usual T+2 settlement time.

The DriveWealth partnership with P3 has been facilitated via a tie up with P3 Wealth, an FCA regulated investment firm wholly owned by Reda Bedjaoui, P3’s Founder. It’s this relationship that allows P3 clients who are boarded to DriveWealth to transact due to the licence provided by P3 Wealth.

For further information, please visit the Privat 3 Money website at https://www.privat3money.com/.

Currently, P3’s Stock Trading and Investment Service is only available to Professional Clients as per FCA Client Categorisation Rules.

Cision View original content:https://www.prnewswire.com/apac/news-releases/privat-3-money-introduces-compelling-new-features-to-its-investment-app-empowering-clients-with-enhanced-financial-opportunities-301869592.html

SOURCE Privat 3 Money

Keep updated

Latest Releases

Latest News

AAPR aggregates press releases and media statements from around the world to assist our news partners with identifying and creating timely and relevant news.

All of the press releases published on this website are third-party content and AAP was not involved in the creation of it. Read the full terms.

AAP FactCheck

  • Information you can trust
  • Written by trained, experienced journalists using authoritative sources
  • Accredited by the International Fact-Checking Network (IFCN)

AAP FactCheck provides factual, authoritative information Australians can rely on. Accredited with the Poynter Institute's International Fact-Checking Network and adhering to the highest industry standards, our experienced team works to minimise the impact of misinformation.

AAP Photos

  • Award-winning Australian Photography
  • Editorial or Commercial use
  • Subscriptions or one-off licences

Image buyers from all industries rely on AAP Photos. A digital treasure trove of content depicting Australian life, our fully-searchable database contains millions of images from around the country and around the world.

AAPNews

  • News delivered to your inbox
  • Trusted, reliable and accurate
  • Corporate and individual packages available

AAPNews delivers newswire content direct to the public. Choose from a number of subscription models to not only gain access to high-quality fact-based news on your desktop or mobile device, but also to show your support for Australia's only not-for-profit newswire.

Newsroom

  • The wire – up to the minute news at your fingertips
  • Feeds delivered to your CMS
  • Agenda – AAP’s planning and events tool

Get the news feed your organisation needs, with AAP offering extensive coverage of news, courts, politics, sports, finance and the arts. Take advantage of AAP’s partner content to get the international news that matters to your business, with news feeds delivered via multiple channels including API and FTP.