Douugh Launches Douugh Wealth

Douugh Launches Douugh Wealth

Capital Markets CIO Outlook | Friday, August 27, 2021

With interest rates at an all-time low, Douugh Wealth has launched at the perfect time to build customer wealth autonomously while helping each individual reach their goals.

Fremont, CA: Douugh, the purpose-led fintech company on a mission to help Americans autonomously manage and grow their money to live financially healthier lives, announced the launch of Douugh Wealth, which democratizes access to investment solutions by combining human expertise and state of the art technology integrated into its smart bank account.

Douugh Wealth Portfolio Jars offer investment solutions for personal investing goals so customers, whether first-time or seasoned investors, can live financially healthier lives and grow their long-term wealth in an appropriate, low-cost, diversified portfolio based on their risk appetite for each of their long-term savings goals.

Douugh Wealth's unique combination of human expertise and technology puts customers' financial goals at the center of the investment strategy to help get them through good times and bad by seeking to minimize market risks and maximize returns, all with no brokerage or management fees.

"The launch of the Douugh Wealth proposition is a critical milestone on our journey to becoming a truly 'responsible' financial super app — helping customers autonomously manage and grow their money to live financially healthier lives," said Douugh Founder and CEO Andy Taylor.

"For too long, sophisticated wealth management has been a privilege reserved for the top 1 percent. Douugh Wealth democratizes the path toward financial health for everyone regardless of where they start their wealth journey. As a fiduciary platform that puts customer goals at its centre, our customers can be confident Douugh has their best interests in mind regardless of the size of their portfolio."

Douugh Wealth's Portfolio Jars offers investors a choice between Core or Sustainable portfolios with Conservative, Moderate, or Aggressive options, curated by Douugh's investment team.

As part of its core mission, Douugh educates customers on managing and responsibly growing their money by investing and committing to long-term wealth goals. Douugh's unique approach to financial management provides a holistic and consolidated dashboard for everything from budgeting to investing in one app, putting customers' finances on autopilot so they can enjoy financial freedom.

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To reinforce good money habits and financial literacy, Douugh will provide regular updates and alerts that help educate customers about principles like compounding, diversification, asset allocation, and risk management while gamifying the investment process.

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