At baraka, our mission is to help you navigate your financial journey towards achieving your long-term goals. In line with this commitment, we are thrilled to unveil our latest innovation – the Auto-Income feature. This revolutionary tool is designed to turbocharge your earnings, all while requiring no additional effort on your part.
So, What's In It for You?
The Auto-Income feature allows your investments to work harder for you. By subscribing to Auto-Income, you're enabling Drivewealth to lend out whole shares from your baraka account to a broad array of borrowers. These could include retail investors, banks, market makers, or institutional investors who typically use the shares to facilitate short sales.
Now, you might be wondering, how does this benefit me? Here's the key: the borrowers pay a market-driven interest rate to Drivewealth, and a portion of this interest is transferred to you. This process creates an additional stream of revenue from your existing investments, effectively putting your earnings on autopilot.
Who Can Ride the Auto-Income Wave?
We are committed to creating opportunities that benefit as many of our users as possible Most baraka customers are eligible to participate in the Auto-Income feature. However, there are a few prerequisites to ensure the program's fairness and security:
- Users must have active account with baraka
- Completed relevant questionnaire and accepted T&Cs
Protecting Your Interests, Always
Participating in the Auto-Income feature does not affect your economic ownership of the loaned securities. You retain the power to sell the stocks at any time, and your account will reflect any increases or decreases in the value of your loaned securities.
While your shares are being lent out, you will temporarily lose voting rights for those shares, and you will receive manufactured dividends.
Security Measures: Prioritizing Your Financial Safety
In the highly unlikely event that Drivewealth does not return your loaned securities, the collateral held at a third-party financial institution will act as your safety net. This obligation ensures that your financial safety is prioritized even in the rarest of circumstances.
Your Choice, Always
Your comfort and satisfaction are our top priorities. Participation in the Auto-Income feature is entirely voluntary, and you have the freedom to opt-out at any time by simply toggling it on and off within the app.
More Information at Your Fingertips
We understand that you may want to learn more about Auto-Income. For additional insights and a deeper understanding, you can refer to Drivewealth's Master Securities Lending Agreement and their disclosures related to this feature.
In conclusion, baraka's Auto-Income feature presents a new pathway for you to earn more from your investments. We remain dedicated to refining your financial journey and maximizing your returns. Hop on the Auto-Income wave and let your earnings soar on autopilot! Welcome to an exciting new era of finance with baraka.
