Ch-ch-cha-changes

Multiply
Multiply
Published in
1 min readAug 16, 2019

You might notice some changes in your Multiply plan soon, that’s because we’re rolling out our advice feature to all Multiply customers. Multiply is the first fully regulated financial advisor app in the country, but up until now the app you’ve been using has been providing financial “guidance” rather than “advice”.

Financial guidance provides you with information about the types of products that will help you carry out your plan and an overall amount you can afford to put towards it.

Financial advice goes a step further and tells you specifically which product to get, from which provider. It also gives you a list of specific instructions to help you carry out the recommendation. For example, how much money to use this month towards a particular goal using a particular product.

If you update your app and generate a new plan, you might see specific investment or pension fund recommendations. As with all investing your capital is at risk.

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Multiply
Multiply

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