FutureAdvisor is excited to offer a new and improved experience for our members available in the coming weeks. Below we discuss the exciting new features that we believe will help you achieve your diverse financial goals:
Additional Investment Goals:
We are excited to support you in saving and investing towards Major Purchase and for General Investing goals. We are also adding two additional risk tolerances to the retirement goal, “moderately conservative” and “moderately aggressive”, each with their own glidepath. On top of that, we have lowered our minimums for every investment goal to only $5,000 to allow you to begin investing for the future even earlier.
In the past, our Retirement goal had 3 separate risk tolerances: aggressive, moderate, and conservative. We have now added 2 additional risk tolerances, “moderately aggressive” and “moderately conservative” to bring the total count of risk tolerance up to five.
Typically for investments with a shorter time horizon, this Major Purchase Goal is oriented for those who are looking to save for a large purchase such as a wedding, a car, or a down payment for a home, with a specific time-frame in mind. Once you’ve set up your Major Purchase goal you’ll be able to name it whatever it is that you personally are saving for.
Sometimes investors prefer to invest without a specific goal. We’ve created the General Investing goal to help you start investing your extra cash, even if you don’t have a specific goal or time-frame in mind in mind.
We are making adjustments to our overall portfolio allocation. We are moving away from our international tilt and emerging markets, and moving toward a more domestic investment approach. These changes are based on our forward-looking analysis and approach. This allocation shift may change the projections you see on the dashboard. You may also see a rebalance in your account. As always, we will seek to rebalance your account in a tax-efficient manner.
We continually leverage client feedback to improve our product, and your new dashboard is the result. Your new dashboard is more streamlined and allows you to more easily access cash withdrawals, account additions, and performance figures. On the main page of the dashboard, you will be able to access links and phone numbers to add cash or request a distribution from your account.
New website visuals show ranges of possible outcomes from the Monte Carlo simulations of your managed assets. Projections and graphs in the new dashboard will include managed assets only, so external assets, including current employer 401ks, will no longer be included. Our goal is to show the growth of what you currently have invested on the platform, so in order to avoid confusion, savings rates or other income (social security for example) will not be included in projected values. Additionally, we have removed retirement income projections, the quarterly ARC PCI performance comparison, and the performance breakdown by asset classes. However, your total portfolio performance figures will continue to be prominently displayed on your dashboard and Year-to-Date performance has been added to your dashboard.