Country for PR: United States
Contributor: PR Newswire New York
Wednesday, August 25 2021 - 23:01
AsiaNet
Douugh launches integrated commission-free wealth management service
SYDNEY and NEW YORK, Aug. 25, 2021 /PRNewswire-AsiaNet/ --

-- Diversified portfolios managed by experts for investing towards your 
long-term financial goals - helping you grow your money and improve your 
financial health.

Douugh, (ASX: DOU) the purpose-led fintech company on a mission to help 
Americans autonomously manage and grow their money to live financially 
healthier lives, today 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.

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Photo - https://mma.prnewswire.com/media/1601275/Douugh2.jpg 

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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.(1)

"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%. 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." 

In a recent DriveWealth report ( 
https://c212.net/c/link/?t=0&l=en&o=3268993-1&h=1509585606&u=https%3A%2F%2Fdrivewealth.com%2Fdrivewealth-global-retail-investing-trends-report-2q21%2F&a=recent+DriveWealth+report 
), 33% of Americans said they would increase investing post-pandemic, but 45% 
said the pandemic had set back their long-term financial security. And 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.

"At Douugh, we know that investing can be hard, time consuming, expensive and 
even sometimes scary so we want to give our customers the best opportunity to 
grow their money, achieve their goals and improve their overall financial 
health," said Douugh Head of Wealth Tom Culver. "Since we're all more likely to 
do something if we're engaged, we've also designed Dough Wealth to be 
personalized, goals-based, and engaging to ensure customers get the most out of 
learning how to invest in their future."

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. 

"Douugh Wealth's core investment philosophy is straightforward and based on the 
understanding that the generation we belong to will be forever influenced by a 
rapidly changing path adapting to technological innovation and sustainability 
factors on an almost daily basis," said Culver. "A well-diversified, balanced 
portfolio tilted to emphasize exposure to innovative and highly defensible 
technology and sustainably focused themes may lead to superior long-term 
investment returns."

As part of its core mission, Douugh educates customers how to manage and grow 
their money in a responsible way 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. 

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. 

About Douugh

Douugh ( 
https://c212.net/c/link/?t=0&l=en&o=3268993-1&h=1827781424&u=http%3A%2F%2Fdouugh.com%2F&a=Douugh 
) is the purpose-led fintech company on a mission to help customers 
autonomously  manage and grow their money to live financially healthier lives. 
Douugh was founded in 2016 by Andy Taylor, co-founder of SocietyOne, 
Australia's first and leading P2P Lending platform. Passionate about the power 
of technology to disrupt the banking industry and empower individuals, Andy and 
Douugh believe the current business model operated by banks is outdated and 
have developed a radically new banking model centred around software that helps 
users achieve financial freedom.

Douugh USA, LLC is a financial technology. The Douugh bank account and debit 
card are issued by Choice Financial Group, Member FDIC. Douugh Wealth, LLC is a 
registered investment advisor with the U.S. Securities and Exchange Commission. 
Investments are SPIC insured up to the value of $500,000. Investing in 
securities involves risk and there is always the potential of losing money, 
past performance does not guarantee future performance. 

The information contained in this communication is provided for general 
informational purposes only, and should not be construed as investment advice. 
Nothing in this communication should be construed as an offer, recommendation, 
or solicitation to buy or sell any security. Any links provided to other server 
sites are offered as a matter of convenience and are not intended to imply that 
Douugh Wealth, LLC endorses, sponsors, promotes and/or is affiliated with the 
owners of or participants in those sites, or endorses any information contained 
on those sites, unless expressly stated otherwise.

Media contact:
douugh@dittopr.co

(1) To access products and services provided by Douugh Wealth LLC clients will 
need to pay Douugh's financial fitness membership fee of $4.99/month.

SOURCE Douugh