The US-based financial services company, Investview, which is publicly traded under the ticker symbol INVU, today announced a merger with RoboVest, a provider of algorithm trading tools.
The primary focus of this deal, which will include intellectual property from RoboVest and a cash contribution from Investview, is to allow both entities to reap new income streams.
Investview, formerly known as Global Investor Services, Inc, provides online programs of investor education through proprietary tools and trading indicators. It also distributes weekly newsletters and offers access to live weekly trading rooms.
Viberate Teams Up with Blockparty to Deliver World’s First Live Event NFTGo to article >>
The business combination will result in a new unit that provides traders access to the forex markets, automatic and algorithmic trading tools on a monthly fee basis of $100.00. The firm intends to utilize its ability to provide information and webinars on FX trading via its current education and technology platform over the internet.
Investview seems have lost significant momentum since it began in transitioning its business model from online investor education and trading research to the asset management industry.
Joseph Louro, CEO of Investview touched on this point in the press release, saying: “It has been a long period of time since we lost our finance opportunity to rebuild and refinance our Company. We anticipate this revenue to return Investview to revenue levels we experienced in previous years. This revenue, combined with our streamlined operations will impact our bottom line in a bold way.”
Joseph Hagan, CEO of RoboVest, who will stay with Investview as Chief Marketing Officer, added: “FX trading is popular throughout the globe and is increasingly popular among investors in the US. However, most investors are incapable of successfully selecting and executing trades in a 24/5 worldwide trading universe. Our Robot and Algorithm allows individuals to have their account managed automatically. The results are very profitable.”
“It has been a rewarding experience for our users who place a high value on both time and money. We look forward to introducing this to Investview’s client data base of over 100,000 potential customers and the investing public on a global scale,” Hagan concluded.