Online investing is helping those with no previous investing experience

Online investing is helping those with no previous investing experience

Updated: June 11, 2019
Less than a minute

A recently published government report states that “60% of non-retirees who hold self-directed retirement savings accounts, such as a 401(k) or IRA, have little or no comfort in managing their investments.”

To combat this issue, financial services issuers can utilize robo-advisor and human advisor services to provide financial planning and investing help for consumers.

One significant partnership in this category includes JPMorgan and Chase, with its online investment platform called You Invest. The platform allows Chase customers to manage their Chase banking and JP Morgan investments all in one place. With You Invest, Chase is targeting its 47 million mobile customers, 90% of whom have never previously invested.

 

Nick Hassebrock
Nick Hassebrock

Nick Hassebrock is a Senior Research Analyst for Comperemedia. Nick merges industry news, company reports, and marketing data together to create insights for the financial services industry.

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