October 31, 2018

Facet Wealth: A Digital Advice Startup with a Multi-Faceted Down-Market Strategy

Last month, private equity firm Warburg Pincus infused virtual RIA Facet Wealth with $33 million in Series A funding. The Baltimore-based startup, founded in 2016, differentiates itself in a commoditized digital advice marketplace with an unconventional client acquisition strategy, fee-for-service pricing structure and call-center-based advice delivery model. None of these strategies are unique in a […]

October 31, 2018

New and Improved Retirement Planners Help Prepare for the Future

Since Corporate Insight last reviewed retirement income projection tools in November 2016, firms consistently introduced new, high-quality planners and enhanced existing ones. AXA introduced its first income projection tool in February of this year. Another four firms—Charles Schwab, Empower Retirement, MassMutual and Vanguard—completely overhauled their retirement income projection tools. Each of the five firms’ new […]

June 13, 2018

Acorns Enters Retirement Market with Acorns Later

It’s official: Acorns entered the $28.21 trillion retirement market with Acorns Later, which offers Roth, traditional and SEP IRA accounts under the Acorns investing model. The much-anticipated launch, which came at the end of April, follows Acorn’s acquisition of Portland-based retirement fintech firm Vault in November 2017. Acorns Later follows the formula of a standard […]

June 28, 2017

Financial Services Introduce ABLE Accounts

Recently, firms in diverse sectors have begun expanding product offerings to feature accounts specifically for people with disabilities. In 2014, Congress signed the Achieving a Better Life Experience Act, or ABLE Act, which gives individuals with disabilities access to tax-free savings accounts. In the early half of this year, both Fifth Third Bank and Fidelity […]