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Financial security is essential for the long-term well-being of an individual. As uncertainty might hit an individual, during any course of his/her life it becomes crucially important to know the skill of managing finances better.
While an individual may decide to handle and manage the finances by themselves, there are various advisory bodies available that can provide them with sincere assistance in order to understand managing finances better. The modern tech inventions have led through numerous powerful software headed by organizations that can work wonders in enhancing the financial journey of clients. In today’s article, we are going to discuss in depth, five softwares that are known for their functionality and usage.
Scalable Capital
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Scalable Capital is a leading FinTech in Europe, bringing people and technology-based investment together. The company was founded in 2014 and has offices in Munich, Berlin and London. For private individuals, Scalable Capital offers a broker with a trading flat rate and interest and digital wealth management. In digital wealth management, the company creates and manages globally diversified ETF portfolios for its clients with sustainable investment strategies when desired. The broker enables private individuals to trade stocks, ETFs, crypto, funds, and more with as little as €1 and to set up ETF and stock savings plans with as little as €1.
Step by Step: How to use Scalable Capital Broker
Trust & Will
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Trust & Will focuses on a mission to help every family to leave their legacy with a fast, easy, and secure way to create, manage, and distribute their estate plan online. Since 2017, they have helped hundreds of thousands of families plan for their future with a streamlined and intuitive approach that makes estate planning simple, affordable, and accessible. They’re backed by leading names in venture capital and are the estate planning provider for UBS, Fifth Third Bank, Northwestern Mutual, AARP, SoFi, and more, who all believe in their mission of helping every family leave their legacy.
Find The Plan That’s Right For You | Trust & Will
Wealthfront
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Wealthfront Inc. is an automated investment service firm based in Palo Alto, California, founded by Andy Rachleff and Dan Carroll in 2008. As of November 2023, Wealthfront had $50 billion AUM across 700,000 accounts.
Wealthfront was founded by Benchmark co-founders Andy Rachleff and Dan Carroll in 2008 as kaChing, a mutual fund analysis company, before pivoting into wealth management. Rachleff was the firm’s founding CEO. In December 2012, the firm started tax-loss harvesting for accounts of more than $100,000.
The company started 2013 with $97 million in assets under management and grew by 450% in one year. In 2013, Wealthfront introduced “direct indexing”, a tax-loss harvesting platform that purchases the individual securities of an investment portfolio. In January 2022, UBS agreed to acquire Wealthfront for $1.4 billion. The acquisition was mutually terminated in September 2022 with both companies not providing a reason. UBS announced that it would instead invest in a $69.7 million note convertible into Wealthfront shares, valuing the latter at its acquisition price.
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StashAway
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StashAway is an intelligent investment management platform designed to build and protect wealth. It offers managed investment portfolios based on risk profile, as well as cash management solutions, so one never leaves their cash idle in a bank savings account. StashAway is headquartered in Singapore and operates in Malaysia, MENA, Thailand, and Hong Kong.
StashAway provides wealth management services to clients who require their services. The company offers investment management, portfolio analysis, and advisory services to retail and accredited investors.
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Albert
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Albert is a financial technology company aiming to democratize money management by making financial advice accessible and affordable. Its financial advisory platform enables customers to chat directly with financial experts about any money issue, build a personalized financial plan, and access automated investing.
The company’s free features include automatic savings, financial health monitoring, budgeting, detailed spending reports, and Albert Instant, which offers customers an advance against their paychecks to help avoid overdrafts. Albert is backed by investors General Atlantic, along with 500 Startups, Financial Solutions Lab, CapitalG, Portag3, and QED.
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Conclusion
In conclusion, personal finance software offers a range of benefits, from improving financial organization and efficiency to aiding in goal setting and financial education. While choosing a software solution, users should consider factors such as features, ease of use, security, and compatibility with their financial goals and lifestyle. Overall, integrating personal finance software into one’s financial management routine can lead to greater financial control, stability, and success.