Union Bank & Trust Offers New Online Investment Accounts
Union Bank & Trust now offers two new online investment accounts; Simply Invest and MyStyle Investment. The investment accounts are offered in conjunction with Betterment LLC, a groundbreaking online investment product and registered investment advisor with the Securities and Exchange Commission. Union Bank & Trust and Betterment LLC have entered into an exclusive agreement to provide the investment products in Union Bank’s primary market areas.
Simply Invest and MyStyle Investment are easy to set up, use, and manage online. The accounts are linked to the investor’s bank account, allowing money to be easily transferred in and out at any time with no cost.
“People are busy, yet concerned about making sound investment choices,” stated Thomas R. Sullivan, CFA, First Vice President of the bank’s Union Investment Management Group. “Simply Invest and MyStyle Investment give investors a simple and smart way to invest at a very low fee.”
“All things considered – returns, simplicity, time, and cost – Betterment is the smart way to invest,” said Jon Stein, Founder & CEO of Betterment.com, “We’re thrilled to be integrating our product with Union Bank and Trust’s holistic suite of services to help people save for the important things in life.”
The hallmarks of the two accounts are their simplicity and low cost. Simply Invest and MyStyle Investment help investors of any size focus on disciplined savings, cost minimization and diversification. Investors answer a few questions and set their investment allocations. Transfers can be made at any time or set up to occur at scheduled dates, such as pay days. There are no minimum balances and no transaction fees; investors simply pay a low annual management fee of 0.15% to 0.35% depending on the account balance.
Money deposited into the accounts is seamlessly invested in a blend of two baskets: Treasury Bond Exchange Traded Funds (ETFs) and Stock Market ETFs. The investor can change the risk level at any time by adjusting the proportion of their investment in each of these baskets with no transaction fees or commissions.
The two investment products are targeted for unique audiences. MyStyle Investment is directed to the younger millennial generation and serves as a complement to the bank’s unique MyStyle Banking suite of products for this age group. Simply Invest is available to all other investors.
Additional information and an online demo are available at www.betterment.com/simplyinvest.
Betterment is a groundbreaking online investment account dedicated to helping everyone save for long-term goals with ease. Betterment achieves this through low-cost, well-grounded, and automatically implemented financial advice designed for smart, busy people. Set-and-forget accounts are optimized for each user, broadly diversified, regularly rebalanced — and still provide the liquidity and simplicity of an online bank account. This suite of services is unavailable anywhere else, including the large investment firms. Voted “Best of Show” at Finovate and honored as “New York’s Best Startup” by TechCrunch, Betterment is smart investing without hassles. For more information, please visit www.betterment.com. Follow Betterment on Facebook: www.facebook.com/betterment, Twitter: @betterment, and Google+: http://gplus.to/betterment.
Betterment LLC is an SEC Registered Investment Advisor.
Brokerage services offered by Betterment Securities, an SEC registered broker-dealer and member FINRA/SIPC.
Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and Betterment’s charges and expenses. Betterment LLC and Betterment Securities are not banks and the investments offered by them are not guaranteed or insured by Union Bank and Trust. Union Bank & Trust is not affiliated with Betterment LLC or Betterment Securities.
Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where Betterment and Betterment Securities are not registered.
|Investments: Not FDIC Insured • No Bank Guarantee • May Lose Value