This is a part of our live coverage of FinovateSpring 2013.
Then, Jemstep showcased its Portfolio Manager platform that individualizes a plan to help users take the right actions to best save for retirement:
“Jemstep Portfolio Manager is an easy-to-use online service that helps people lock in more money for retirement. It gets to know each person’s financial circumstances and preferences, and, in minutes:
- Projects the amount of money their current portfolio will give them to spend in retirement
- Recommends a target portfolio optimized to generate more money
- Spells out an Action Plan detailing what to buy and sell in each of their accounts (including their 401k), helping them minimize taxes, reduce fund fees, and select top-quality investments
- Keeps people on track with continuous monitoring that watches for changes in their profile, portfolio, and the market and alerts them when it’s time to make a change”
Product Launch: January 30, 2013
HQ: Los Altos, CA
Founded: January 2008
Metrics: $10.5M raised in private funding; 22 employees; 10,000+ users totaling more than $1.5B in assets; pre-revenue; impending launch of subscription service – flat monthly subscription fee
Website: jemstep.com
Twitter: @jemstep
Presenting Kevin Cimring (Joint CEO) and Matthew Rennie (CTO)
