Betterment is looking to cater to their wealthier clients as they make portfolios more personalized; they launched the Betterment Flexible Portfolio which allows customers to shoes how assets weights are allocated; the typical Betterment client uses the asset weights set by the robo advisor, but this feature is meant to personalize the wealth clients portfolio; the move will try to help the company to position themselves as a full service firm that can cater to different levels of clientele, not just the younger investor. Source.
Coming up with a 20% down payment on a home can be quite a challenge, San Francisco based Unison is looking to offer help to these prospective buyers; a Unison deal typically involves the homebuyer putting down 10%, Unison putting down 10% and the remaining 80% would be borrowed; Unison charges a 2.5% fee and shares in 35% of future appreciation or depreciation; this allows for the homebuyers to keep payments lower and save on private mortgage insurance (PMI), which is required if the loan to value exceeds 80%; "We are partnering with the homeowners by investing alongside them in the house," Unison Co-CEO Jim Riccitelli told the San Francisco Chronicle; the Unison offering looks to replace local bay area assistance programs offered to lower income household and first time buyers. Source
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Only five days after announcing they would enable bitcoin and ethereum trading Robinhood saw more than one million signups; Robinhood has made its name on zero commission stock trading and plan to roll out the new feature in five states first; “We see millions of trades a day. In our brokerage industry there is no excuse for down time. We plan on bringing that mind-set to the crypto space,” said Robinhood Co-Founder Baiju Bhatt to Business Insider. Source.
As bigger breaches occur startups focusing on cybersecurity have seen investment double in the last year; globally there was $7.6bn invested in cybersecurity startups this past year after seeing $3.8bn in 2016; global spending on cybersecurity was estimated to be over $80bn in 2017 as companies look to protect their data and company systems from evolving threats. Source.
The recent exposure of more than 24 million mortgage documents has brought to light an issue that has plagued financial...
In his weekly Forbes column Ron Shevlin of Cornerstone Advisors wonders if Intuit is the best fit to buy Credit...
The current crisis has highlighted some of the key areas where banks fall short with their customers; while writing in...