Titan Introduces Retirement AccountsTitan Introduces Retirement Accounts
Barely a year after its launch, the robo advisor adds Roth and traditional IRAs to its platform.
Automated investing platform Titan has launched its retirement account offering, according to an update on the firm's website. The addition of traditional and Roth IRAs, along with what the company calls its “rollover concierge,” was hinted at earlier this year. The concierge service provides users with email, chat and phone support for transitioning retirement funds to Titan.
The Y Combinator graduate, which characterizes itself as a company that’s “built like an old-school hedge fund inside a mobile app,” has a 1% annual advisory fee and a $500 minimum investment. Its retirement accounts employ a “13-F investment strategy,” whereby the firm mines Form 13F reports filed with the SEC to pick stocks for its portfolios. It also employs a hedging strategy to protect its clients against market downturns.
In its most recent regulatory filing, the firm counted north of 7,000 accounts and more than $34 million in assets under management, adding around 2,000 accounts and $9 million in assets since the numbers it had on file in mid-April. The company launched 13 months ago.
