An Interest In:
Web News this Week
- April 16, 2024
- April 15, 2024
- April 14, 2024
- April 13, 2024
- April 12, 2024
- April 11, 2024
- April 10, 2024
Some of Our Sources
- Mashable
- Technology Review
- Six Revisions
- Abduzeedo
- Naldz Graphics
- FanExtra - PSD
- CSS Globe
- Stylized Web
- Spyre Studios
- Web Resource Source
Help Webnuz
Referal links:
August 22, 2012 03:30 pm GMT
It's been about two years since FutureAdvisor launched to provide advice for people to manage their 401(k)s and other retirement accounts. In that time, it's grown dramatically, now with $4 billion in retirement funds being analyzed by the startup. With that in mind, the startup has raised a $5 million Series A round from Sequoia Capital to accelerate its growth, and it's also rolling out a new tool to help users save on fees in their 401(k) portfolio.FutureAdvisor co-founder Bo Lu told me that only the very rich can afford to hire professional investment advisors. But here's the catch: Humans are notoriously bad at beating the market. Not only do they pick stocks poorly, Lu said, but they "charge you for the privilege of bad advice." FutureAdvisor believes that it can do better, and has built a platform to help users make better investment decisions.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/c_B7f3_4Alg/
With $4 Billion In Assets Under Wraps, FutureAdvisor Raises Another $5 Million From Sequoia Capital
It's been about two years since FutureAdvisor launched to provide advice for people to manage their 401(k)s and other retirement accounts. In that time, it's grown dramatically, now with $4 billion in retirement funds being analyzed by the startup. With that in mind, the startup has raised a $5 million Series A round from Sequoia Capital to accelerate its growth, and it's also rolling out a new tool to help users save on fees in their 401(k) portfolio.FutureAdvisor co-founder Bo Lu told me that only the very rich can afford to hire professional investment advisors. But here's the catch: Humans are notoriously bad at beating the market. Not only do they pick stocks poorly, Lu said, but they "charge you for the privilege of bad advice." FutureAdvisor believes that it can do better, and has built a platform to help users make better investment decisions. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/c_B7f3_4Alg/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch