PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: VestMatch.com

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

VestMatch Launches Beta of Web-Based Collaborative Savings Platform - VestMatch launched its first product to help people save together to reach financial a financial goal or solve a financial problem
VestMatch Launches Beta of Web-Based Collaborative Savings Platform

 

NewswireToday - /newswire/ - Oakland, CA, United States, 2009/04/06 - VestMatch launched its first product to help people save together to reach financial a financial goal or solve a financial problem.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

VestMatch, a San Francisco-area startup, has launched the beta of its first product, an online collaborative investing service that allows multiple people to support a defined savings goal. VestMatch.com aims to meet the growing demand for collaborative savings, defined as two or more households joining together to reach a financial target.

“Given the challenging financial and job markets over the past 18 months, the goals we have for our children, ourselves, or other important people or issues in our lives – such as saving for college, a down payment on that first house, passing on your hard-earned wealth while helping children become financially responsible, or even supporting a cause or charity - are more difficult than ever,” says VestMatch CEO Matt Sadler. “By banding together, people are more likely to reach their goals, and reach them sooner.”

A key benefit of VestMatch is transparency. When setting up a plan and asking (or inviting) others to support a specific goal, VestMatch encourages individuals to create or connect a separate financial account or 529 plan at any bank or brokerage firm dedicated to saving for just this specific goal. This way, all plan partners can log on to see the account total, a contribution history and, soon, how the money is invested. This transparency builds trust between plan members, since they know how the money is being saved and used.

“This financial transparency is important,” Sadler says. “Generosity and desire to help may be strong, but people want to know that the money they give is being used responsibly and wisely. VestMatch’s 24-hour online access for all partners supporting a particular goal provides assurance that if, say, they are helping the college savings of a grandchild, the money they contribute is staying put and growing until that college bill is due, not being withdrawn to pay for a vacation or a car.”

Another benefit and application of this transparency is in generation-to-generation wealth transfer. A VestMatch “match savings” program can link contributions to a savings requirement by the beneficiary. The parent or grandparent can check the VestMatch plan and verify that the beneficiary’s contributions were made before making their next contribution. “Parents are very enthusiastic about using VestMatch to both support and encourage their adult children to save at the same time. This kind of plan gives them an incentive to do so, and rewards the behavior that can lead to financial independence.”

In addition, VestMatch’s collaboration tools provide a private space for everyone involved in a goal to share comments and suggestions, and even photos or videos. “For many families, discussions about money can create conflict or discomfort. Using VestMatch’s collaboration tools, these conversations have a lower-drama space for financial conversations,” Sadler suggests. VestMatch plans are considered “private” plans and visible only to the plan’s partners. However, users can also designate plans as “public” and therefore visible to any VestMatch user, which can be useful if they are saving for a charity. “We think that some of the VestMatch users will want to save for additional causes or charities, and this platform gives them the tools to do that, while still providing all contributors the transparency they want,” suggests Sadler.

More information about VestMatch can be found at its homepage or its corporate blog.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: VestMatch.com

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


VestMatch Launches Beta of Web-Based Collaborative Savings Platform

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

VestMatch | blog
Publisher Contact: Matt Sadler - VestMatch.com 
510-219-2724 matt[.]vestmatch.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any VestMatch.com securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From VestMatch.com / Company Profile


Read Financial/Legal/Venture Most Recent Related Newswires:

Societe Generale Group has Agreed to Sell the Entire Stake of Boursorama in Onvista AG to Comdirect Bank AG
Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations
Western Union Business Solutions Announce Mark Davis As Head of Australia and New Zealand
Tabarak Investment Capital and Elite Capital & Co. Limited in Discussion to Finance Projects
Consulting Magazine Unveils the Profession’s Fastest Growing Firms At Inaugural Gala
Hills Invest Signs An Agreement with The Afore Profuturo in Mexico

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)