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Financial Expertise without the Title: STASH INVEST
Serving as a financial expert does not always require a formal title. Stash Invest is a prime example of a company that offers financial expertise without using that term. Stash Invest is a digital investment platform that provides individuals with tools and resources to guide them towards their financial goals. Since its inception in 2015, Stash Invest has gained popularity amongst young investors looking to break into the world of investing.
How does the advisor help clients – Key Takeaways:
– Stash Invest offers personalized investment recommendations based on the client’s financial goals, risk tolerance, and investment preferences.
– The platform also provides educational resources and guidance on budgeting, saving, and investing.
– Stash Invest offers a range of financial services, including retirement planning, taxable investing, and custodial account services.
– The platform caters to a diverse group of clients, including first-time investors, experienced investors, and those looking for socially responsible investment options.
Facts and Insights:
Stash Invest has seen tremendous growth over the past few years. As of September 2021, the platform has over 5 million users with a total of $3.5 billion in assets under management. The average age of Stash Invest users is 29, showcasing its appeal to younger generations. Additionally, Stash Invest has received several accolades, including being named one of TIME’s Best Apps of 2021 and being featured on CNBC’s Disruptor 50 list.
Assets Under Management, Number of Advisors and Time in Business:
| Assets Under Management | Number of Advisors | Time in Business |
|---|---|---|
| $3.5 billion | N/A | 6 years |
Financial Services Offered:
– Retirement Planning: Stash Invest offers traditional and Roth IRA accounts with a variety of investment options.
– Taxable Investing: Clients can choose from a range of stocks, ETFs, and mutual funds to build their investment portfolio.
– Custodial Accounts: Stash Invest offers custodial accounts for parents or guardians to save and invest on behalf of their child.
– Online Banking: The platform also provides a debit account with a Stash Stock-Back® program that rewards users for spending and investing.
Client Types:
Stash Invest caters to a diverse group of clients, including:
– First-time investors: With a focus on education and user-friendly tools, Stash Invest is a great option for those new to investing.
– Experienced investors: Stash Invest offers various investment options that appeal to more experienced investors.
– Socially Responsible Investors: The platform offers a variety of ESG (environmental, social, and governance) investment options.
Fees & Compensation:
Stash Invest charges a monthly fee ranging from $1 to $9, depending on the client’s account type and balance. The platform does not charge trade commissions, and fees for third-party services are fully transparent.
Background:
Stash Invest was founded in 2015 by Brandon Krieg and Ed Robinson. The platform was created with the goal of making investing more accessible and engaging for people with different financial backgrounds. Stash Invest has since grown into a popular platform for individuals looking to start investing or improve their financial knowledge.
Financial Advisor Disclosures to Know:
It is important to note that Stash Invest is not a registered investment advisor and does not provide personalized investment advice. Users are responsible for their investment decisions and should thoroughly research any investment options before making a purchase. Additionally, Stash Invest does not provide tax, legal, or financial advice and recommends consulting a professional for those matters.