Unveiling New Investment Opportunities: SoFi Invest Expands Horizons with Mutual Funds, Money Market Funds, and Alternative Investments
Introduction:
In a groundbreaking move that empowers everyday investors, SoFi, the renowned all-in-one digital personal finance company, announces a transformative expansion in its investment offerings. With the introduction of mutual funds, money market funds, and alternative investments, SoFi grants individuals the opportunity to build and safeguard their wealth through investment avenues traditionally reserved for the ultra-wealthy.
Embracing a Diverse Range of Investment Options:
SoFi’s latest initiative introduces over 6,000 mutual funds, allowing members to diversify their portfolios across various asset classes. This expanded selection empowers investors to tailor their portfolios to their unique financial goals and risk tolerance. Additionally, select alternative investment funds, including the ARK Venture Fund, Carlyle Tactical Credit Fund (CTAC), KKR Credit Opportunities Portfolio (KCOP), Franklin Templeton’s Clarion Partners Real Estate Income Fund (CPREX), and Franklin BSP Private Credit Fund (FBSPX), are now accessible through the SoFi Invest platform. These funds encompass unique asset categories such as private credit, real estate, and pre-IPO companies, offering investors a broad spectrum of investment opportunities.
Enhancing Accessibility and Affordability:
SoFi remains committed to affordable investing, providing no SoFi transaction fees for mutual funds and waiving transaction fees for the new alternatives funds for an initial 60-day period. Following this promotional phase, a competitive purchase fee of 0.50% will be applicable for the alternatives funds, maintaining low minimum investment requirements.
Unlocking the Potential of Alternative Investments:
Alternative investments have the potential to provide uncorrelated returns compared to traditional investments, offering opportunities to invest in private companies and assets with significant growth potential. SoFi’s introduction of these investment vehicles breaks down barriers, allowing everyday investors to diversify their portfolios with alternative investments that were previously inaccessible.
Empowering Investors with Financial Knowledge:
Recognizing the importance of investor education, SoFi launches an educational hub dedicated to alternative investments. This resource provides comprehensive information on the fundamentals of alternative investments, their role in a diversified portfolio, and guidance for investors of all levels. Access to this educational hub is open to all, emphasizing SoFi’s commitment to empowering investors with knowledge.
Professional Financial Planning Support:
SoFi members have complimentary access to Certified Financial Planners (CFPs™) who provide personalized guidance on financial planning and goal-setting. These CFPs™ assist members in making informed investment decisions aligned with their unique financial aspirations and needs.
About SoFi:
SoFi, a member-centric digital financial services provider, is dedicated to helping individuals achieve financial independence and realize their aspirations. With a suite of financial products and services, SoFi empowers its members to borrow, save, spend, invest, and protect their money more effectively. The company’s mission is to provide fast and convenient access to the tools necessary for financial success, all within a single app. SoFi also offers career advisors, CFP® professionals, exclusive experiences and events, and a thriving community to support members on their journey towards financial independence.
Disclosures:
– SoFi Invest encompasses two investment and trading platforms operated by Social Finance, Inc. and its affiliates. Individual customer accounts may be subject to terms applicable to one or more of these platforms.
– Automated Investing and advisory services are provided by SoFi Wealth LLC, an SEC-registered investment adviser. Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC.
– Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA (www.finra.org)/SIPC (www.sipc.org). Clearing and custody of all securities are handled by APEX Clearing Corporation.
– Investments are not FDIC insured, are not bank guaranteed, and may lose value. Alternative investments and strategies may involve unique risks, including the risk of loss associated with commodities, real estate, leverage, selling securities short, the use of derivatives, potential adverse market forces, regulatory changes, and potential illiquidity. Investors should carefully consider their individual circumstances and any investment information, such as a prospectus, before investing. This information does not constitute a recommendation to buy, sell, or hold any security or an endorsement of any investment strategy.
Contact Information:
For media inquiries related to SoFi, please contact Meghan Brown at [email protected].
Call to Action:
Take control of your financial future and explore the world of alternative investments with SoFi. Visit our website or download the SoFi app today to learn more about how you can diversify your portfolio and unlock new investment opportunities.