This submit is sponsored by Investor Money Administration
- Investor Money Administration (ICM) is working with Delaware State College to assist the college promote monetary wellness.
- Amongst ICM’s different companions are BNY Mellon, PIMCO, Visa, Trusted Capital Group/HUB Monetary, and the Nationwide Schooling Affiliation.
- Initially headquartered in Chicago, ICM relocated its headquarters and customer support heart to Wilmington, Delaware final 12 months.
Delaware-based Investor Money Administration (ICM) is on a mission to assist traders of all stripes obtain their monetary targets.
“We’re serving to people construct wealth by providing a greater monetary product that eliminates the charges, confusion and inaccessibility historically related to investing,” mentioned ICM CEO Fred Phillips. “We’re making a neighborhood the place everybody has equal entry to high quality funding funds, together with these beforehand unavailable to many people.”
ICM provides an API that hyperlinks investor accounts on to each a checking account and a brokerage account. The corporate’s expertise transforms funding merchandise resembling mutual funds, ETFs, and shares into digital currencies that customers can transact with utilizing a debit card, ATM, P2P switch, and on-line invoice pay. Because of this, traders obtain greater returns and rapid entry to their financial institution and brokerage property.
Among the many firm’s companions are BNY Mellon, PIMCO, Visa, Trusted Capital Group/HUB Monetary, and the Nationwide Schooling Affiliation, and, most lately, Delaware State College (DSU), a Traditionally Black Faculty or College. DSU is an effective match for ICM due to its concentrate on educating monetary literacy to its college students and alumni. The College has built-in ICM’s monetary wellness product into its present monetary literacy program.
“Investor Money Administration is proud to supply the expertise that empowers Delaware State College to ship actionable monetary training and scale back persistent, pernicious gender and racial funding gaps,” mentioned Phillips. “By means of our mission-driven partnership to democratize funding, DSU’s program supplies entry to modern monetary companies and a basis to develop merchandise that handle essential wants of the broader neighborhood.”
In one other effort to again its mission of supporting underserved traders, ICM lately joined The Chicago Community, a company of outstanding and influential feminine leaders whose function is to empower girls to guide. The group honors Delaware Lieutenant Governor Bethany Corridor-Lengthy and Illinois Lieutenant Governor Juliana Stratton for supporting the development of girls leaders in enterprise, finance and expertise.
Launched in Chicago in 2018, ICM relocated its headquarters and customer support heart to Wilmington, Delaware final 12 months. The corporate expects to make use of greater than 400 individuals by the tip of 2024. Backed by the founders of Morningstar and Ariel Investments, ICM has been listed by Capgemini and UBS as one of many world’s 10 main fintech firms. Earlier this 12 months, the corporate was chosen for certainly one of 20 inaugural PHL Inno Fireplace Awards.
Study extra about fintech in Delaware by visiting the Delaware Prosperity Partnership web site or by contacting Becky Harrington, DPP’s vp of Enterprise Growth, at bharrington@ChooseDelaware.com.
Picture by Alex Korolkoff on Unsplash