M1 Finance Launches Free Automated Investing
M1 Finance has removed fees for all investors, regardless of account size.
According to a media release, this is the first time individual investors can automatically buy stocks and ETFs of their choosing for free.
"The future of finance is free," said Brian Barnes, CEO and founder of M1 Finance. "What Robinhood created for the modern trader, M1 is now doing for the modern investor."
This announcement is the latest milestone in a financial renaissance led by fintech companies. These firms challenge the stronghold of legacy financial institutions by leveraging digital-first strategies to offer better tools to consumers at lower costs.
"Our industry talks about a race to zero," Barnes said. "That time is here, and soon free will be the norm. We're excited to lead the charge because when everyone removes fees, companies will have to compete on the value of their offering rather than price."
Consumers have benefited tremendously from fintech's advances with commission-free trading and simple automated investing from robo-advisors. But until now, no firm has offered a platform tailor-made for investors for free.
"Free, automated investing opens up a whole new world of possibilities for investors," Barnes said. "M1's decision to eliminate fees marries the convenience and long-term investing strategy of a robo-advisor with the same cost-free innovation and investment choice as Robinhood's trading platform."
Barnes concluded, "If you're an investor who wants to add to your portfolio over time, there has never been a better platform than M1. And now that we're free, there's no reason to invest anywhere else."
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THE DAILY VIEW
Tea Forté Introduces ‘Matcha’ Collection
Convenience meets tradition in Tea Forté’s new Ceremonial Matcha Bowl Set and the Matcha Single Steeps.
The company said its spring harvested, shade grown, stone ground, organic matcha tea is best served in a centuries-old Japanese tea ceremony called chanoyu: a preparation technique known for its centering meditative qualities.
"The launch of Tea Forté's Matcha collection represents our continued commitment to wellness and cultivating all the potential mental and physical health benefits of tea," says Tea Forté CEO Michael Gebrael. "In addition to our high quality Pure Matcha, we've also blended four distinct flavored Matcha varieties. Prepackaged in pouches measured out for a single serving, our Single Steeps Matcha is ideal for the office, travel, or to keep with you for a boost anytime."
Tea Forté noted its handcrafted ceremonial tea bowl, handmade bamboo whisk and measuring ladle “encourages serene enjoyment of our premium Kosher, gluten-free and vegan matcha blends.” These include: Pure Matcha, Chocolate Matcha, Coconut Matcha, Ginger Matcha, and Chai Matcha.
According to a release, in addition to its distinctive taste, matcha is prized for its health benefits. Steeped green tea contains only the antioxidants that can be extracted in water, while with matcha, the whole leaf is consumed.
Available now in select stores and online at teaforte.com.
Expedia.com has released a year-end look at U.S. traveler behavior and trends for 2017, analyzing data to identify the most in-demand destinations, hotels, activities and more.
Among other insights, the roundup revealed:
- Labor Day was the busiest weekend for car rental
- Disney Theme Parks topped the list of things to do
- The average hotel stay was two nights
- Top destinations based on 2017 air travel included major global cities like New York, London and Bangkok
- Popular tourist destinations included Orlando, Cancun and Las Vegas