Acorns is a mobile-first, micro investing app. The company rounds up users' daily purchases to the nearest dollar and automatically invests this differential into a low-cost, diversified portfolio of exchange-traded funds offered by some of the world's top asset managers (including Vanguard and BlackRock). Customers grow their wealth in one of five portfolios constructed with help from Nobel Laureate economist Dr. Harry Markowitz. Users can access Acorns via the app for iPhone, Android or desktop. The company was founded in Newport Beach, CA in February 2012, by son and father team Jeff and Walter Cruttenden.
The Acorns application and website are offered by Acorns Advisers, LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of Acorns by Acorns Securities, an SEC registered broker-dealer and member of FINRA/SIPC.
How Acorns Works
*Based on Preferred Stock Price, Acorns does not have a stock symbol since it is currently private and is yet to have an IPO.
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