Bancolombia Capital Partners with Marstone for Multilingual Digital Wealth Management Services in Latin America

Marstone’s Digital Advice offering continues rapid expansion with latest partnership that provides digital wealth to international clients using BlackRock UCITS funds

Marstone, Inc., a leading digital wealth technology firm, announced it has partnered with Grupo Bancolombia (CIB), the largest bank in Colombia by total assets, and the first Colombian financial institution listed on the New York Stock Exchange (NYSE), to provide its cutting-edge digital investment platform to Bancolombia Capital’s Latin American customers. To frictionlessly provide this product, Marstone is working with BlackRock, Inc. (BLK), a multinational investment firm based in New York City to provide Bancolombia Capital clients with 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 as well as English. Clients will now be able to open US-based accounts and invest completely digitally while diversifying their exposure.

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“We’re 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”

“We’re 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. “Marstone’s platform enables Latin American customers to seamlessly open accounts digitally. We’re excited to ease the adoption of digital wealth management and the valuable strategies we unlock including BlackRock’s UCITS funds.”

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Bancolombia has nearly 30,000 employees and a presence in Colombia, as well as 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.

The model portfolios for this engagement center around BlackRock’s UCITS funds, from which Latin American customers derive greater positive tax treatments when compared to traditional US-traded ETFs. The digital accessibility Marstone provides enables customers to open international accounts online avoiding the difficulty and lag time of manual, paper documentation.