Acorns Resolves to Help Millennials Gain Financial Confidence, Improve Finances, With Launch of Personal Finance Site, Grow

IRVINE, Calif., Jan. 6, 2016 /PRNewswire/ – Less than one-third of millennials are “very confident” managing their finances and nearly half say they’re treading water financially, or worse, according to a new poll conducted on behalf of Acorns.

Acorns, the fastest-growing investment app with more than 1.3 million users, aims to empower millennials with the knowledge and confidence to take control of and improve their finances in the new year with the launch of the new personal finance site, Grow.  

Grow Equips Millennials to Own Their Financial Future

Grow, a digital magazine that informs and educates millennials who want to be financially successful, is led by award-winning financial journalist and author Jennifer Barrett. The site features original content that helps millennials navigate the small, everyday decisions that can have a big impact on their finances over time.

Every Wednesday, subscribers will receive a newsletter filled with exclusive stories that break down complex financial topics into actionable advice, along with videos, tools, and interviews with money superstars from investor Ashton Kutcher to Vanguard founder John Bogle.

“It’s no surprise that most millennials aren’t very confident managing their money—few of them have been given the knowledge and tools to be financially successful,” said Barrett, vice president of editorial and founding editor of Grow. “Grow is working to close that financial literacy gap by addressing the questions many people have, but don’t know how to answer, and delivering advice in a compelling, digestible format. No finance degree required.”

Explore Grow at and read startup investor Ashton’s Kutcher’s advice on what makes a good investment, plus the scariest financial decision he ever made.  You can also find step-by-step instructions on how to build a better budget, pay off your credit card debt faster and successfully negotiate a raise this year, plus stories on a range of other money topics. Sign up to get the weekly newsletter here:

* SurveyMonkey polled a nationally representative sample of 1,020 millennials about their financial health and goals in a December 2015 survey conducted on behalf of Acorns.

About Acorns
Acorns is the fastest growing savings and investment app. It allows people to round up their daily purchases and automatically Invest the Change® into a commission-free diversified portfolio of index funds offered by the world’s top asset managers (Vanguard, Blackrock and PIMCO). Founded in Newport Beach, California by father and son team Jeff and Walter Cruttenden, Acorns provides a simple entry-point for anyone to get started using the Acorns app on iPhone or Android. The app and financial engine were built with natural human behavior in mind to help inspire realistic investment strategies that can be held for the long term.  Customers accumulate fractional shares and automatically save and invest into a portfolio constructed by world-renowned Nobel Laureate economist Dr. Harry Markowitz. Acorns’ smart portfolio algorithms automatically work behind the scenes, helping people build wealth naturally, pennies at a time. From Acorns mighty oaks do grow. 

About Grow
Grow is a digital magazine that informs and educates millennials who want to be financially successful. Published by Acorns, the fastest-growing investment app, and led by award-winning financial journalist and author Jennifer Barrett, Grow features exclusive stories that break down complex financial topics into actionable advice, along with videos, tools and interviews with money superstars from investor Ashton Kutcher to Vanguard founder John Bogle. Weekly newsletter sign up is available at

Logo –


Related Links

New Home Equity Loan Product Solves Homeowners’ Needs

IRVINE, Calif., Jan. 6, 2016 /PRNewswire/ — Seven years after home values collapsed, nine out of ten homeowners today now have positive equity,1 with many accessing their newly gained liquidity to address important needs such as home improvements, debt consolidation, education, business loans and more, according to loanDepot, America’s lender.

With home price appreciation on the rise in many housing markets across the country, home equity loans nationwide increased 4.2 percent in the third quarter 2015.2 Home prices are expected to moderate slightly in 2016, rising between 4.3 percent3 and 4.9 percent.4 An additional 5 percent in price appreciation will be enough to move another 800,000 homeowners into positive equity positions and raise the total number of homeowners with equity to 47.3 million.5

“In the last three years median home prices have increased by more than 15 percent6 and nearly 7 percent in last 12 months7 alone, helping millions of homeowners restore equity lost during the housing crisis,” said Anthony Hsieh, chairman and CEO, loanDepot. “Based on current market trends, we expect more residential properties will continue moving into positive equity positions. This will help open up low cost liquidity to millions of newly equitized homeowners, particularly those reluctant to abandon their low fixed-rate first liens.”

Introduced nationwide in September 2015, fundings of loanDepot home equity loan products have nearly doubled every month since launch, with average loan amounts on the rise ranging from approximately $40,000 to nearly $60,000. loanDepot is the first marketplace lender to offer home equity loan products to borrowers across the country, and the only marketplace lender to offer unsecured personal, home purchase, refinance, and home equity loan programs.

“A significant challenge for many homeowners today is that they don’t know if their home has regained equity, and they’re unclear on how to determine the value of their home,” said Hsieh. “As more homeowners become aware of their improved equity positions, our data shows they’ll use their recently gained equity for debt consolidation, home improvement, education, or small business needs, among other uses.”

loanDepot home equity loans enable homeowners to access equity in loan amounts ranging from $25,000 to $250,000. Fixed terms are offered up to 30 years with up to 95 percent loan-to-value available for certain borrowers. Since a home equity loan is a secured debt, the interest rate is typically lower than the average rate changed on a credit card or other form of unsecured debt. Home equity loans also offer potential tax savings as interest payments may be tax deductible. There are no pre-payment penalties so borrowers can pay off principal anytime.

In addition to debt consolidation, many loanDepot home equity borrowers are putting their equity to work to meet major needs for home improvements. The Harvard Joint Center for housing Studies projects annual spending growth for home improvements will accelerate from 2.4 percent between the third-quarter of 2015 to 6.8% in the second quarter of 2016.8

Homeowners considering a home equity loan can easily receive information on how to obtain an estimate of their home’s current value by talking to a licensed loanDepot loan officer. For more information, call 888-983-3240 or go to

loanDepot, America’s lender, matches borrowers through technology and high-touch customer care with the credit they need to fuel their lives. As a fast-growing national marketplace lender, the loanDepot platform is disrupting finance by dissolving the lines between mortgage and nonmortgage credit. The company has funded nearly $60 billion in loans since inception.  loanDepot is passionate about emerging financial technology and dynamic product delivery supported by excellent customer service to empower consumers. Headquartered in Southern California, loanDepot employs 5,000+ people across the country including 1,500+ licensed loan officers, and operates 140+ loan stores nationwide. The company operates under the brand names loanDepot, imortgage, Mortgage Master, LDWholesale and LDEscrow. NMLS # 174457Learn more at

6 CoreLogic – 2013, 2014 and 2015 HPI price reports –

Julie Reynolds | loanDepot
949.899.0749 |
Brittney Jennings | Ogilvy Public Relations
312.397.6061 |

Photo –

Logo -


SOURCE loanDepot, LLC