Guideline Technologies, a Bay-area based fintech, has just raised a $7M Series A round. Guideline is yet another fintech that offers investment services at greatly reduced fees. Their area of expertise is in implementation of 401(k) programs for small and medium businesses. The one time set up fee for employers is just $500, plus $8 per employee, per month. Plan participants pay only .13% per annum in fees for portfolio management – .1% portfolio expense and .03% custodial fees, which they claim are the lowest in the industry, and we suspect they are probably correct in that claim.
Once again, we say to our wealth manager readers – can you say “fee compression”?
Total Equity Funding
$9M in 2 Rounds from 9 Investors
Most Recent Funding
$7M Series A on July 19, 2016