2023-08-07 19:48:18
Renova Invest allows Brazilian investors to access the US market through a partnership with Avenue. Thus, the brokerage platform offers the opportunity to buy shares of American companies, US Treasury bonds and other financial assets.
In this sense, to provide investors with an affordable way to diversify their portfolios, the brokerage has offices in São Paulo and Miami, and more than 300 employees.
“The partnership with Avenue enables Renova to give clients access to a global market in a more democratic way and with some benefits”, says Ricardo Guimarães, Head of offshore at Renova Invest.
Avenue, launched in 2018, had 7,000 registered users in the first half of its operations. Today, over 700,000 investors have discovered the enormous benefits of the US market through the company.
“Our company was built specifically to connect Brazilians to investments abroad and has all the strength and experience to carry out this mission”, informs the brokerage.
Even with little time left, Avenue is already the largest operation with individual customers in Brazil in the history of American exchanges.
In addition, to facilitate access to the American system, the brokerage has professionals specialized in the US market, in addition to the service team being made up of Brazilians, with assistance in Portuguese.
Services offered by Avenue
Avenue allows access to more than 8,000 assets in the US market. The brokerage offers the following services:
- An advisor who will always be ready to answer your questions;
- Support for tax declaration;
- Exchange integrated into the platform;
- Access to stocks, ADRs, REITs and ETFs;
- Cryptocurrencies;
- Fixed Income in dollars;
- model wallets;
- Funds from large international managers.
In addition to these services, the company also offers a current account in dollars for its investor clients. Thus, Avenue Banking allows the conversion of reais into dollars at the commercial rate, instead of the tourist rate.
“In a global financial life, not having access to a current account in the United States disconnects you from billions of possibilities for financial relationships”, points out Roberto Lee, CEO of Avenue.
The Avenue Card is accepted in over 150 countries. In addition, the customer pays IOF of 1.1%, the same tax charged on the purchase of currency, and a 2% spread. Savings of almost 10% when compared to conventional credit cards.
After all, Avenue Banking is 100% digital. You can make conversions from real to dollar in a few clicks, in addition to transferring dividends in dollars from your investment account to your banking account. In this sense, you have access to a virtual card, but it is also possible to request a physical card directly in the application.
“Our goal is to provide complete advice, which allocates clients globally, not just looking at Brazil as most people do”, emphasizes Ricardo Guimarães.
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