FutureAdvisor

wealthtech (retail)robo advisors

FOUNDING YEAR: 2010
LOCATION: United States
Last Update: 01/05/2020

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About

FutureAdvisor was acquired by BlackRock. Founded in 2010, FutureAdvisor believes financial advice should be accessible to everyone, not just the wealthy. Built on research-backed algorithms, FutureAdvisor’s free web service gives everyday investors personalized recommendations to reduce fees, maximize tax efficiency, and select the right assets in their portfolios.

Focus

PRODUCTS & SERVICES

Digital investment advisory-Investment Management, Retirement Advice, College Savings Software Services

REVENUE MODEL

Company charge a flat annual management fee of 0.5% of assets directly managed.

Traction

VALUATION / MARKET CAP:

$48 M in 2015

People

FOUNDERS

Jared McFarland

Jon Xu

Bo Lu

Clyde Law

BOARD MEMBERS AND ADVISORS

Jon Xu

Clyde Law

Jared McFarland

Bo Lu

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Canvas Venture Fund

Momentum

FUNDED

YES

TOTAL FUNDING

$21.5 M

DATE OF LAST FUNDING

May 2014

SEED & PRIOR FUNDING

$1 M

SEED CLOSED ON

Aug 2010

FUNDING SERIES

SERIES A  · $5 M  · Aug 2012

SERIES B  · $15.5 M  · May 2014

LISTED

NO

BASICS

FOUNDING YEAR:

2010

LOCATION:

United States

Views:

329 VISITORS | 608 VIEWS
LATEST FUNDING ROUND

$21.5 M

TOTAL EMPLOYEES
11-50

About

FutureAdvisor was acquired by BlackRock. Founded in 2010, FutureAdvisor believes financial advice should be accessible to everyone, not just the wealthy. Built on research-backed algorithms, FutureAdvisor’s free web service gives everyday investors personalized recommendations to reduce fees, maximize tax efficiency, and select the right assets in their portfolios.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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