Integrating Alpaca and Passiv for Better Passive Investing
Today, more and more companies are working to accelerate the unbundling of financial services for the benefit of regular people. Passiv, a Canadian investment platform that lets you automate your brokerage account, is doing just that — helping people avoid high management expense ratios (MERs), move away from hefty Excel docs, and ease into passive investing.
After launching in Canada, the Passiv team wanted to offer their service to American investors, so they started looking for an American brokerage partner that could integrate smoothly with their portfolio-managing webapp. The answer? Alpaca. Alpaca’s API integrated seamlessly into Passiv’s backend infrastructure.
With the power of Alpaca’s API brokerage and Passiv working in sync, Americans are able to build their own free, personalized robo-advisor service (minus the advice) with the two platforms. As a result, they can save on wealth management fees and have more control over their portfolios.
To use either service, all you have to do is sign up and link your accounts! Sign up for Passiv here, or Alpaca here. To start building your own robo-advisor with Passiv, login and link your Alpaca account, then set a target for your portfolio and follow the calculated trades. You’ll be notified whenever cash hits your account or your portfolio drifts off balance. Alpaca and Passiv are both free to use, but you can upgrade to unlock premium features like one-click trading on Passiv (to make rebalancing and trading a breeze).
Get started today!
Please note that Alpaca live trading accounts are only available for US persons.
Technology and services are offered by AlpacaDB, Inc. Brokerage services are provided by Alpaca Securities LLC (“Alpaca”), member FINRA/SIPC, a wholly-owned subsidiary of AlpacaDB, Inc.
This is not an offer, solicitation of an offer, or advice to buy or sell securities, or open a brokerage account in any jurisdiction where Alpaca is not registered (Alpaca is registered only in the United States).
You should know that the use or granting of any third party access to your account information or place transactions in your account at your direction is solely at your risk. Alpaca does not warrant against loss of use or any direct, indirect or consequential damages or losses to you caused by your assent, expressed or implied, to a third party accessing your account or information, including access provided through any other third party apps, systems, or sites.
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This story is published in Automation Generation, Medium’s publication created for developers/makers in trading and fintech.
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