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Most individuals know that they need to make investments however typically do not know methods to get began or what to spend money on. And since many monetary platforms ignore the emotional part of investing, many individuals are afraid to get began in any respect.
Positivly works to vary that by bringing emotional intelligence to investing and exhibiting buyers that they will construct a portfolio that makes them cash and likewise aligns with their values. It serves each buyers and monetary advisors by bringing them collectively to kind long-term relationships based mostly on an investor’s monetary persona, investing targets and values.
What Is Positivly?
Positivly is an investing recommendation platform. It helps you study your investing persona and connects you with a monetary advisor. And it helps monetary advisors improve outcomes for his or her purchasers.
Positivly was based by specialists in finance, training, philanthropy, happiness and expertise to carry emotional intelligence to investing. And the corporate is an SEC-registered funding advisor as of November 2020.
What Does It Provide?
Positivly affords two major providers to buyers:
- First, the corporate teaches you about your monetary persona based mostly on the outcomes of a free evaluation. You additionally obtain a couple of funding concepts based mostly on what others together with your persona are investing in.
- Second, Positivly matches you with monetary advisors who match together with your persona, investing targets and private values.
How Does It Work?
First, take the free monetary evaluation. The evaluation contains 21 questions and asks about subjects reminiscent of:
- Your investing danger tolerance
- Your monetary priorities
- How essential your private values are in your funds
- Your investing consolation stage and expertise
- Your present investable belongings
The web site then exhibits you your monetary persona outcomes. Positivly bases this on 4 components: goal, safety, contact and viewpoints. And these components measure how essential your values are to you when investing, your danger tolerance, your need for significant relationships because it pertains to investing and extra.
While you full the evaluation, you obtain an electronic mail together with your monetary persona. You may also decide to be related with a monetary advisor who matches your persona.
Who Is It For?
Positivly has two goal audiences: buyers and advisors. It could possibly be best for you if you wish to begin investing and are not certain the place to get began. Or it suits if you’re already investing however aren’t certain you are following a technique that basically fits you.
Positivly additionally companions with monetary advisors. As an investor, you could be involved in Positivly for those who favor to rent an advisor to handle your investments. As soon as you are taking the corporate’s free evaluation, it matches you with an advisor who suits your persona.
Positivly is free for buyers to make use of. Take the free quiz and it will match you with monetary advisors who suit your persona and funding targets. The corporate makes cash from the monetary advisors who pay to make use of its platform.
How’s the Buyer Service?
The simplest method to contact Positivly is thru the reside chat field on its web site. A crew member is out there to speak through the firm’s common enterprise hours of Monday to Friday, 10 A.M. to 7 P.M. Japanese Time. The web site additionally gives hyperlinks to its social media pages the place prospects can ship the corporate a message.
Is It Secure?
Positivly is totally secure to make use of. The investor evaluation is free to take. And it requires solely your identify and electronic mail tackle. You do not have to share any monetary data with Positivly or join any of your financial institution accounts. This implies there isn’t any danger of your private data being compromised.
Professionals & Cons
- Positivly’s investor evaluation is totally free. And it helps you study your investing fashion. This contains how essential issues like safety and goal are to you.
- Positivly matches you with monetary advisors who’re match based mostly in your evaluation outcomes. So you do not have to begin from scratch to seek out the appropriate advisor.
- Positivly’s method pairs the monetary facets of investing with the emotional and psychological parts. And this helps you discover an advisor and investments which can be a greater match.
- Positivly would not really present investing providers. As a substitute, it merely matches you with monetary advisors based mostly in your free evaluation outcomes.
Positivly takes a singular method to investing by matching you with an advisor based mostly on a private evaluation that analyzes your monetary persona. This method helps you discover advisors who’re match from an emotional perspective in addition to a monetary one.
And whereas there aren’t many others doing fairly what Positivly does, a number of corporations use insights about your monetary targets and investing fashion to offer an funding technique. Just a few rivals to contemplate embody:
- Private Capital: Similar to Positivly, Private Capital matches you with an actual monetary advisor. However Private Capital has its personal in-house advisors as part of its wealth administration service.
- Betterment: Whereas Betterment would not have precise monetary advisors, it matches you with investments based mostly on a private evaluation. Betterment is a robo advisor that builds your funding portfolio based mostly in your monetary targets, danger tolerance and different components.
- Ellevest: Certainly one of Positivly’s promoting factors is that it matches buyers to advisors who will assist them make investments with goal. Ellevest additionally helps prospects to speculate with goal. It builds a portfolio for you based mostly in your targets and values.
The Backside Line: Is It Value It?
If you happen to’re questioning whether or not it is price giving Positivly a attempt, the reply is: most likely. The excellent news with Positivly is that it is free for buyers. At a minimal, you may:
- Take the free evaluation.
- Be taught extra about your monetary persona.
- Get some path on investments that could possibly be match to your portfolio.
Positivly additionally matches you with an advisor that matches your monetary persona. There is no dedication or requirement that you simply join, so you do not lose something by taking the evaluation and studying concerning the advisors out there to you.