DriveWealth is the independent custodian and broker-dealer that MoneyLion uses to manage members’ MoneyLion investment accounts. Your account and any of your funds are held at DriveWealth. DriveWealth helps to trade any of the securities in your account at the direction of MoneyLion in order to keep your portfolio on track.
If you request to withdraw funds from your MoneyLion investment account, we submit your request to DriveWealth. As custodian of those funds, DriveWealth then releases the funds into your linked bank account. Any time you add or receive funds from your investment account, you may see a reference to DriveWealth on your bank statement.
To learn more about DriveWealth, visit www.Drivewealth.com.