Ep. 269 Dough Roller Blog The Money Podcast

Dough Roller Blog: Blooom Helps Your 401k for $10 a Month

CEO and Co-Founder Chris Costello appears on Rob Berger’s Dough Roller Blog “The Money Podcast” to discuss how blooom helps people manage their workplace retirement accounts. Whether it’s a 401k, 403b or T.S.P., we automate the process of selecting and rebalancing your investments.

In the interview, Chris gives an update on recent pricing changes and service offering enhancements at blooom. First, Chris discusses the reasons for the shift toward the low, flat rate of $10 a month.

In addition to the retirement account automation, we also now offer financial planning advice to our clients. They can chat with a representative with financial questions or important decisions. Chris and Rob discuss the feature and how the reasons for blooom’s founding helped shape the advice service offering. Regardless of whether it’s tough choices when saving for a college or deciding on a home purchase or refinance, we can help.

Want to hear the podcast in its entirety …

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Blooom Announces Financing AUM Record

Blooom Raises $9.15 in Series B Financing, Achieves AUM Growth in Record Time

One of the Midwest region’s Top Startups to Watch in 2017, blooom landed a round of financing to help millions of Americans improve their retirement savings.

“We are grateful to have had the opportunity to handpick some of the nation’s smartest fintech investors, who will help us in blooom’s mission to help a large segment of underserved Americans manage their retirement savings,” said Chris Costello, blooom co-founder and CEO in a release. “This Series B will allow us to reach hundreds of thousands of hard-working people across this country who have never received help with what may end up being their single most important financial asset: their 401k or 403b.”

And the news of the financing comes at the time of another major milestone, as Blooom continues to see outsized organic growth. The company announced today that it has raced past $500 million in AUM, becoming one of the fastest independent robo-advisors ever to reach this mark. Blooom achieved this milestone faster than Betterment and Personal Capital — on a tiny fraction of the capital.

Read the full article from Startland News.

You also can read the entire press release.

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