Global Shares partners with Carver Edison to help employees build wealth through Employee Stock Purchase Plans
NEW YORK, Sept. 16, 2020 /PRNewswire/ -- Carver Edison, an award-winning New York City based financial technology company that is transforming employee compensation, announced a new partnership with Global Shares, a leading global fintech provider of employee ownership and share dealing solutions. By leveraging Carver Edison's patented Cashless Participation™, employees at public companies can acquire significantly more stock through their Employee Stock Purchase Plans (ESPP) to help build sustainable wealth.
Equity compensation, and specifically employee stock ownership, has the potential to help millions of workers who are facing limited wage growth and difficulty saving. Broadening access to the market and reducing financial risk is crucial to connecting more individuals, particularly lower-income earners, to the wealth-building power of the equities markets.
"We built Carver Edison to help America's working class finally get ahead," said Aaron Shapiro, Carver Edison's Founder and CEO. "Cashless Participation™, for the first time, removes the friction between increasing compensation for employees and delivering value for shareholders. We're thrilled to be partnering with Global Shares to bring our technology to a greater segment of the US market as well as global markets, and to many more families who will benefit tremendously."
This partnership focuses on two products, Cashless Participation™ and Carbon™:
Tim Houstoun, CEO of Global Shares, said: "Employee ownership is on the rise as a proven way for companies to engage their workforce, align the interests of employees and shareholders, as well as facilitate the distribution of wealth to create a fairer society. Cashless Participation™ is a superb solution to assist employees increase their shareholding and generate future wealth."
"In the current environment and 'new world of work' employee ownership is also an excellent way to assist companies retain their winning staff, build trust around shared goals, and unite to overcome the economic turbulence together."
"Our growing client base includes the largest public company and largest private company in the world. We look forward to rolling out Carver Edison's impressive financial technology to our clients and their employees in the US and beyond."
About Carver Edison:
For more information on Carbon and Cashless Participation, visit www.carveredison.com.
About Global Shares:
For more information, please visit www.globalshares.com.
Aine Bonner for Global Shares:
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SOURCE Carver Edison
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