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No ego. No agenda. Just advice.
Grove offers personalized financial advice to users that helps them to achieve their financial goals. It has developed a software that can gather user’s financial information and then assist advisors in using the inputs to create a financial plan for them.
Grove’s software automates the information-gathering process and develops algorithms to streamline financial planning for users. The platform enables users to directly interact with a team of financial advisors about their financial goals and savings plan.
The company earns by charging membership fee which is $600 per year.
Retail customers
Chris Hutchins
Chris Doyle
Leslie Mallman
Bini Lee
1-10
Chris Hutchins (CEO); Chris Doyle (CIO)
YES
2
$10.1 M
Jun 2018
Private
$1M to $10M
$2.1 M
Jun 2017
SERIES A · $8 M · Jun 2018
NO
Wealthfront
Aug 2019
---
2,151
1,420.5
101.16%
254
2,105.87%
1.91
21.23%
45.48%
-12.62%
4,096,571
-5,246,349
-56.15%
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