PFM & Investments in this crisis

TL;DR

Numa is a personal financial management platform that helps users improve their financial health by providing transparency and connectivity to all their financial accounts.

Transcript

and your host FTP Larry no and today I have with us Roy Dewar founder and CEO of Numa welcome Roy are you free we're both in Switzerland we're both homebound of course I have the privilege of switching backgrounds on zoom' every day as I try to talk to more people and Roy has been running and being in an intense period with what's going on in the m... Read More

Key Insights

• 🧑‍⚕️ Numa provides transparency and connectivity to all financial accounts, empowering users to have a full overview of their financial health.
• 🤖 Numa's report on robo-advisor performance highlights the significant differences within asset categories, emphasizing the importance of reviewing and adjusting investment portfolios.
• 🤖 The value category of robo-advisors performed exceptionally well, especially in sustainable investing sectors.
• 🤖 Wealthfront and TIAA stood out as top-performing robo-advisors across all asset categories in Numa's report.
• 🥺 The recent market volatility has led to both new investors entering the market and existing investors seeking liquidity through closures.
• ⌛ Numa emphasizes the importance of staying the course and avoiding drastic portfolio shifts during volatile times.
• 🫒 The depth of the current recession is not yet fully felt, and many individuals, especially those living paycheck to paycheck, are experiencing significant financial challenges.

Questions & Answers

Q: What is Numa and what does it offer?

Numa is a personal financial management platform that allows users to connect and manage all their financial accounts, including credit cards, bank accounts, loans, and investments, in one place. It aims to improve users' financial health by providing transparency and control over their finances.

Q: What is the significance of Numa's report on robo-advisor performance?

Numa's report compares the performance of different robo-advisors within asset categories, demonstrating major differences in performance. This highlights the importance of reviewing and adjusting investment portfolios to ensure they align with expectations and goals.

Q: Which robo-advisors performed well in Numa's report?

Wealthfront and TIAA consistently performed well across all asset categories in Numa's report. They achieved top rankings and commendation for their exceptional performance.

Q: How has the recent market volatility affected the behavior of Numa users?

Numa has observed two trends among its users during the market volatility. Some investors who were previously not invested have started opening accounts to take advantage of the market opportunities. However, there has also been an increase in closures as investors with liquidity needs due to the recession withdraw their investments.

Summary & Key Takeaways

• Numa is a personal financial management platform that enables users to connect all their financial accounts in one place, providing transparency and control over their finances.

• Numa recently published a comprehensive report comparing the performance of over 20 robo-advisors globally, highlighting major differences in performance within asset categories.

• The value category of robo-advisors performed exceptionally well, with some portfolios in the sustainable investing sector achieving returns in the 40% range.