$100 Million in 2 weeks: Free Online Financial Advisory Service, Thrive, Crosses the Nine Figure Mark in Money Managed
Twenty- and Thirty-Somethings Flock to Thrive for Free, Personalized Advice on Financial Planning and Management Since Mid-October Launch
NEW YORK, Nov. 3 /PRNewswire/ -- Just two weeks after its launch at Finovate, Thrive (www.justthrive.com), the first free online financial advisory service announced that it is now advising thousands of members with a collective balance sheet of over $100 million. "Crossing the $100 million mark in such a short timeframe reinforces the fact that people in their 20s and 30s are looking for the insight and advice that Thrive delivers," said Thrive CEO Avi Karnani.
The strong adoption may in part be due to the current financial crisis. "The site is super intuitive and the suggestions are great. With Thrive, I truly feel like I can now tackle my debt in a fast, efficient way. I cannot begin to tell you how good this makes me feel," said Heather Szerszen, a graphic designer in LA.
Thrive sets itself apart by offering members a complete understanding of their entire financial lives, assessing their Financial Health Score(TM) and helping them improve it by providing step-by-step advice. Through Thrive's simple online interface, members can reduce the clutter in their financial lives by gathering all of their credit card, checking, savings, retirement and investment accounts in one place. Thrive's proprietary financial advisory engine analyzes 11 dimensions of a members financial life, providing personalized advice to help them make better decisions for a financially secure future.
Recent growth has brought an increase in user feedback, and Karnani indicated that the company is moving quickly to meet its members' requests. "As our members' money grows, so do their needs - so we intend to make this the first of many milestones, with a number of new features and partnerships to be unveiled in the weeks to come," added Karnani.
Located in New York City, Thrive is a free online financial advisory service designed to help those in their 20s and 30s monitor, manage and improve their Financial Health(TM). With its patent-pending personal financial advisory engine, Thrive bridges the gap between the currently available online money management tools and expensive face-to-face meetings with financial planners. Thrive members can get their finances in order, get on a budget, and get financial advice personally tailored for their own lifestyle and goals. For more information and to watch your money grow, visit www.justthrive.com.
