Robo-advisor launches fully automated impact investing feature for 75 million millennials.
NEW YORK; May 26, 2015 – Hedgeable (www.hedgeable.com), a sophisticated digital wealth manager, launches the first automated impact investing platform for millennials. All Hedgeable clients can choose this option during sign-up to automatically make their portfolios socially responsible. With no minimum account size and no additional costs for this feature, Hedgeable makes it simple for millennials to invest in causes such as social responsibility, female leadership, LGBT equality, low carbon emissions, and alternative clean energy.
“According to studies, about 50% of millennials say they would rather invest in causes than the market at large. Unfortunately, it’s not very easy for them to do that without investing in expensive and non-transparent mutual fund products on their own. Hedgeable is disruptive by offering a streamlined, automated, and accessible digital platform where millennials can invest in the things that they believe in,” says Hedgeable CEO and Co-Founder Mike Kane.
Key Features
- Hedgeable clients have the option to make their portfolios socially responsible.
- There is no account minimum or additional cost to access the impact investing feature.
- Supported initiatives include social responsibility, female leadership, LGBT equality, low carbon emissions, and alternative clean energy.
- Impact portfolios are customized automatically for clients based on Hedgeable’s proprietary 200 factor data science driven portfolio building process.
- Impact portfolios utilize Hedgeable’s industry-leading risk management technology to offer downside protection on capital invested.
“Impact and socially conscious investing is now a $4 Trillion AUM industry, and it has doubled in size over the past 5 years. With millennials set to receive a massive transfer of wealth from older generations in the coming years, demand for sustainable and socially responsible solutions can only expand. As a firm dedicated to forward thinking, we want to be on the cutting edge of this trend and make sure millennials across the globe have access to the kinds of investments they want most.
“For Hedgeable, this is another step toward innovating and disrupting how asset management is done. We want to offer our clients a sophisticated and robust set of products, and leveraging this new impact investing feature helps us accomplish that. We do not believe in simply giving clients vanilla, commoditized portfolios,” says Kane.
About Hedgeable
Hedgeable is an investing platform dedicated to democratizing the asset management market. Backed by leading private investors, including the Co-Founder of Square, the firm was founded by top professionals from the most successful asset management firms in the world, in response to the $4.6 Trillion lost by long-term investors during the Financial Crisis.
