BlackRock acquires FutureAdvisor (opens in new tab)

(futureadvisor.com)

53 pointschauzer10y ago6 comments

6 comments

5 comments · 2 top-level

blueyes10y ago· 3 in thread

Former FA employee here: They're a great company. Grew about 45x while I was with them. They use BlackRock funds, so BR saw the growth. A pretty good ending for 5 years work. The Financial Times is reporting they sold for $150M-$200M.

toomuchtodo10y ago

I was an extremely early beta user of Future Advisor (I had reached out to Bo from an HN post), and I wasn't impressed after a long experience with them. It was a terrible process having my retirement accounts moved from fiduciary to fiduciary, having problems getting additional retirement contributions into the accounts, etc.

I ended up moving to Betterment.

devy10y ago

So I am curious why you left? :)

blueyes10y ago

founder's itch. we are all confronted with insurmountable opportunity.

1 more reply

nickpsecurity10y ago

BlackRock is interesting in that they're very forward-looking and conservative at the same time. One of the first to use an AI-like system to support management of huge assets. Also one of the elite firms of the country in terms of just how much capital they manage.

http://www.economist.com/news/briefing/21591164-getting-15-t...

Will be interesting to see what happens to FutureAdvisor.

j / k navigate · click thread line to collapse