Y Combinator graduate and automatic investing platform Titan, which has a product much like a hedge fund, is launching retirement accounts "this summer time," confirmed co-founder Clayton Gardner. The robo investing app features much like a hedge fund, providing its shoppers various levels of draw back safety within the type of money equivalents and inverse ETFs, for instance, and at present presents taxable investing accounts. Its retirement choices will embody conventional, Roth and rollover IRAs.
Since launching in August, Titan dropped its account minimal from $1,000 to $500 and developed a referral program to decrease the advisory charges charged to the investor. Its advisory charges begin at 1% of AUM. The corporate has simply over 5,000 accounts and barely greater than $25 million in property below administration, in accordance with its most up-to-date regulatory filings. The agency reportedly had greater than $10 million in AUM when it launched.
Titan companions with Apex Clearing and Third Occasion Commerce to offer execution, custody and clearing.
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