StackHabit launches in all 50 States
StackHabit, an automated wealth creation platform and SEC Registered Investment Advisor, is now available to residents of all 50 US states as of October 5, 2021. Founded in March 2021 by Cullen Breen and Ben Buchanan, StackHabit aims to democratize high-quality investing through concentrated portfolios primarily in equities. The platform allows clients to set up investment or retirement accounts based on their risk profile with no fees for buying or selling stocks. StackHabit collaborates with Tradingfront (NASDAQ: TIGR) for automation and custodies assets with Interactive Brokers (NASDAQ: IBKR).
- Launch in all 50 US states increases accessibility for investors.
- Unique approach with concentrated equity portfolios may attract clients.
- No fees for buying or selling stocks enhances user appeal.
- Partnerships with Tradingfront and Interactive Brokers may bolster operational efficiency.
- Ambitious goal to create 50,000 millionaires demonstrates commitment to customer success.
- None.
NEW YORK, Oct. 5, 2021 /PRNewswire/ -- StackHabit, an automated wealth creation platform and SEC Registered Investment Advisor is pleased to announce it is officially open to residents of all 50 US States.
StackHabit was founded in March 2021 by Cullen Breen and Ben Buchanan to democratize high quality investing for everyone. Financial industry veterans led an undisclosed seed round for the initial launch.
StackHabit differs from most RoboAdvisors in that it offers concentrated portfolios of primarily equity securities. The founders had one driving question in developing the portfolio strategy; where would I put my own money?
"StackHabit is different," says CEO Cullen Breen. "The elite know that wealth creation is not an act, but a habit, and the best way to grow wealth is repeated action. We've made that action easy."
In a few minutes you can set up an investment or retirement account based on your risk profile and set up automated deposits. StackHabit clients can transfer accounts from any institution and easily allocate them to StackHabit's premium offering. StackHabit charges no fees to buy or sell stocks, and takes a fee-for-service approach.
Retail investors need an easy way to visualize and track their assets in all locations and StackHabit provides a single pane of glass for all investment and banking accounts, and the fastest and easiest way to start building wealth. StackHabit leverages Automation from Tradingfront (NASDAQ: TIGR) and custodies all of their assets with Interactive Brokers (NASDAQ: IBKR).
According to CEO Cullen Breen, "We're excited to help our clients build wealth leveraging the best technology and the best companies in the world. We have an ambitious goal to create 50,000 millionaires and everyone is invited to partake at any income level. In addition, we are expanding our partnership program to financial advisors to provide their clients with simplified automated investing. Advisor partners will be able to send their clients a unique link and they can instantly start stacking."
For more information visit www.stackhabit.com, StackHabit on the App Store (apple.com), or email support@stackhabit.com.
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SOURCE StackHabit
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