Company Research Report: Plenty
Company Overview
Name:
Plenty Financial
Mission of the Company:
To democratize access to financial products and tools that accelerate wealth building, particularly for couples looking to manage their finances together.
Founded:
Plenty was founded by Emily and Channing upon realizing the need for a product that could simplify money management for couples.
Key People:
- Emily: Co-founder
- Channing: Co-founder
Headquarters:
No information is available.
Number of Employees:
No information is available.
Revenue:
No information is available.
Known For:
Plenty is known as a financial management and educational platform built specifically for couples to manage and strategize their wealth building.
Products
Product Offerings:
1. Free Money App for Couples
- Description: An app designed to simplify budgeting, investment, and wealth management for couples.
- Key Features:
- Net Worth Tracking: Helps couples get a clear picture of their financial standing.
- Budgeting: Simplifies tracking of shared and individual finances.
- Collaboration Tools: Allows for flexible finance management whether couples choose to keep finances separate or shared.
- Goal Planning: Provides personalized investment strategies.
- Transaction Tracking: Offers an alternative to manual spreadsheets with automated tracking.
2. Investment Advisory Services
- Description: Software-first financial planning and investment advisory services.
- Key Features:
- “Do it for me” Investing: Offers investment management at a 0.20% annual fee.
- Automated Tax Loss Harvesting: Available for premium portfolios with lower advisory fees.
3. Cash Management Product
- Description: A cash management solution that invests in US-government backed securities.
- Key Features:
- Offers a 4.14% yield on cash held within the product.
- SIPC insured through its partnership with BNY Mellon - Pershing for safeguarding investments.
Recent Developments
Recent Developments:
- Partnerships: Plenty has garnered investments and support from industry leaders such as Adam Nash from Wealthfront, Kevin Durant & Rich Kleiman's 35 Ventures, and other key figures in the finance and tech industries.
New Products Launched:
- No new product launches available.
New Features Added:
- Tax-Loss Harvesting: Now available with enhanced features to maximize investment efficiency for users.
New Partnerships:
- Collaborations with industry leaders strengthen Plenty's platform, yet no specific partnership announcements have been detailed.
This report compiles existing data on Plenty, focusing on significant services offered especially for couples seeking financial products tailored to their shared needs. Information not directly available from the provided data source is declared as unavailable.
