How does the advisor help clients – Key Takeaways:
MONEYLION provides personalized financial advice to help clients reach their financial goals. The company utilizes advanced technology and a team of financial experts to offer a range of financial services and products.
Their goal is to make financial services accessible and affordable for everyone, regardless of their financial background or status.
Facts and Insights
Founded in 2013, MONEYLION has quickly become one of the leading financial technology companies in the United States. As of 2021, the company has over 8 million members and is available in all 50 states.
Their innovative approach to financial services has garnered recognition and accolades, including being named as one of TIME’s 50 Genius Companies in 2018.
| Assets Under Management | Number of Advisors | Time in Business |
|---|---|---|
| $2.6 billion | 150+ | 7+ years |
MONEYLION’s assets under management have steadily increased over the years, showcasing their successful track record in managing their clients’ finances. The number of advisors and their extensive backgrounds in finance make them a reliable source for financial advice.
Financial Services Offered
MONEYLION offers a diverse range of financial services, including:
- Personalized investment portfolios
- Debt consolidation and management
- Banking services
- Credit monitoring and score tracking
- Financial education and resources
Their comprehensive approach to financial services allows clients to have all their financial needs taken care of in one place.
Client Types
MONEYLION caters to a wide range of clients, from individuals just starting on their financial journey to high-net-worth individuals looking for advanced investment strategies.
Their services are also tailored to fit the specific needs and goals of each client, making their financial advice truly personalized.
Fees & Compensation
MONEYLION’s fees and compensation vary depending on the services provided. They offer both a commission-based or fee-based structure for investment management, ensuring transparency and aligning their interests with their clients’.
They also offer different membership plans, including a free plan, which provides access to their basic financial services, and paid plans that offer more personalized and comprehensive services.
Background
MONEYLION’s team consists of experienced and knowledgeable financial advisors, with backgrounds in top financial institutions such as Goldman Sachs, BlackRock, and Barclays. They also have a strong team of technology experts that enhance their services with advanced algorithms and tools.
Financial Advisor Disclosures to Know
As a financial advisor, MONEYLION is committed to transparency and providing their clients with all the necessary information. Some important disclosures to know include:
- All advisors are registered with the Securities Exchange Commission (SEC) or Financial Industry Regulatory Authority (FINRA)
- They may receive compensation from third-party companies for recommending their products or services.
- They have strict privacy policies in place to protect their clients’ personal and financial information.
MONEYLION also encourages their clients to review their ADV form and other disclosures to have a full understanding of their services and fees before making any decisions.