Acorns

Acorns is a comprehensive investment platform that offers a range of features to help users manage their finances and grow their wealth. One of the key features of Acorns is the Round-Ups® investment feature. With this, every purchase users make becomes an opportunity to invest their spare change. For example, a $3.25 coffee purchase can turn into a $0.75 investment in the user's future. Another notable aspect is the expert-built portfolios. These diversified portfolios are curated by experts and include ETFs managed by professionals at top investment firms like Vanguard and BlackRock. In addition to the investment accounts, Acorns also offers an easy, automated retirement account, banking services that save and invest for users, bonus investments when shopping with thousands of brands, and unique ways to expand one's financial knowledge. The platform also emphasizes security and protection. Acorns Invest, Later & Early accounts are SIPC-protected up to $500,000, while Acorns checking accounts are FDIC-insured up to $250,000, along with fraud protection, 256-bit data encryption, and an all-digital card lock. Acorns provides users with a hypothetical tool called Your Potential, which illustrates how factors such as recurring investments, Round-Ups® investments, Smart Deposit investments, and compound returns can impact the long-term value of an Acorns account. It's important to note that while compounding is a fundamental principle of long-term investing, actual investment results can vary based on market volatility and fluctuating prices. Overall, Acorns aims to change the way Americans save and invest, providing a simple and accessible way for users to take control of their financial future.