The app thus far has primarily attracted Millennials, who are comfortable with using technology for ordinary activity, like spending. Simply put, since Acorns came into existence, there’s no reason not to save and invest money. The combination will enable you to bank, invest, and save and invest for retirement and for your children’s futures, all in the same app. They’ve expanded their menu to include four primary account types Acorns Invest, Acorns Later, Acorns Checking and Acorns Early. But they also offer the capability to link a primary checking account to make either one-time or recurring transfers, as well as to set up regular payroll deposits to fund your account. With that small amount of money, a fully diversified portfolio is created for you, then fully managed going forward. That’s when the Acorns robo-advisor enters the picture. Since this requires just $5, Acorns is also a micro-investing platform. They refer to this process as Invest your spare change‚ and we’ll get into that process in some detail in the next section.Īs your savings collects, the money is automatically moved into an investment account. As you spend money the way you ordinarily do, Acorns will allocate a small amount to savings. Using your smartphone, you connect the app to multiple bank accounts and/or credit cards. That kind of participation speaks volumes about the value of the Acorns app. The app was only launched in 2014, but it already has more than 8.2 million users, and over $1 billion invested. It’s part micro-savings app, part micro-investing app, and a full on robo-advisor platform. What Is Acorns?Īcorns is one of the most diverse investment apps currently available. If you’ve never been able to save and invest in the past, this app can get you moving in the right direction.Īcorns has been steadily upgrading the app to present a complete financial wellness system, offering banking, investments, retirement, and even setting up investment accounts for your minor children. money/blogs/my-money/6/wealth-management-tools-for-the-not-so-wealthy.Acorns saves your money consistently, and completely out of sight then lets you invest that savings in a diversified portfolio of stocks and bonds. go.com/WNT/video/slow-steady-key-retirement-savings-28043857. Information about FINRA is available at Explanatory brochures about SIPC protection are available upon request or at. Copyright 2016 Acorns and/or its affiliates. "Acorns", the Acorns logo and "Invest the Change" are registered trademarks of Acorns Grow, Inc. Past performance does not guarantee future results. Please consider your objectives and Acorns fees before investing. Investing involves risk and investments may lose value, including the loss of principal. Investments are not FDIC insured and may lose value. Brokerage services are provided to clients of Acorns by Acorns Securities, an SEC registered broker-dealer and member FINRA/SIPC. This app is operated by Acorns Advisers, LLC, an SEC Registered Investment Advisor. That's a nerdy way of saying we're as secure as the people you bank with. Worry not - we've got 256-bit encryption. In order for Acorns to invest your spare change from purchases, which is part of why we charge $1 per month, you will need to connect a bank account. That's like 3 semi-fancy cups of coffee (you know you do it) a year, just to invest in your future. After your account grows past $5, 000, the fee switches to 0.25% per year 000 that's about $1 a month). Acorns costs $1 per month for accounts investing less than $5, 000. 0 Diversified Portfolio includes hundreds of international companies, corporate and government bonds, and real estate. 0 Automatically re-invests your dividends for you. 0 Automatically rebalances your portfolio. 0 256-bit encryption to keep your information safe and secure. US NEWS: "Acorns offers a unique solution to overcoming the mental barrier: 'I just don't have enough money to be investing. WIRED: "Acorns simplified the often tedious and complex process of investing. ABC NEWS: "If you set aside just $5 every couple of days you would have set aside $1, 000 in a year. FORBES: "The app makes investing effortless. 0 Stay educated - Gain access to our online personal finance publication, Grow Magazine. 0 SIPC Protected - up to $500, 000 is protected against fraud so your money is secure. 0 Watch your progress - check in on your account from anywhere. 0 Easily invest more - with Recurring Investments (daily/weekly/monthly), One-Time Investments, Referrals, and Found Money. 0 Painlessly invest your spare change into a diversified portfolio of ETFs of over 7, 000 stocks and bonds automatically. Start with just your spare change and join over 1 million who have taken steps to improve their future. Acorns helps you save and invest small amounts regularly into your own diversified portfolio.
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