Hot investing app Acorns has hired a former top exec at the world's largest investor
Acorns
The firm announced that Christopher Jones, BlackRock's former cohead of global active equities, will join the company as Chair of the Investment Committee. Jones will advise on long-term strategy and oversee ETF's, portfolio construction, and risk management.
"He is not only a best-in-class investor but also a great leader of investors," said Walter Cruttenden, cofounder of Acorns in a statement. "He has deep experience in capital markets globally - having worked with and driven strong investment results for some of the biggest and most sophisticated pools of investment capital in the world."
Jones cited Acorns' ability to reach and engage with millenial investors as a primary reason for his joining the investing app company.
"This is important and vital work, and I'm excited to bring my experience at the world's largest asset management firm to their platform as they continue to grow and scale," said Jones.
The startup tries to appeal to younger investors by asking two simple questions: "how much" do you want to invest and "how much risk" do you want to take. Acorns has over 1.7 million investment accounts.
Last year, Acorns raised $30 million in a funding round led by PayPal, bringing its total funding to $62 million. It also introduced a "found money" rewards program in partnership with Airbnb, Blue Apron, Hotel Tonight, Jet.com, 1-800-Flowers, and Hulu.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market