Daily Archives: June 4, 2021

NEW YORK--(BUSINESS WIRE)--Yieldstreet, a leading digital investing platform driven to help millions of people claim financial independence by unlocking access to previously unattainable alternative investments, today announced its $100 million Series C funding round.

Tarsadia Investments, led the round, joined by Kingfisher Investment, Top Tier Capital Partners and Gaingels. Existing investors, Edison Partners, Soros Fund Management, Greenspring Associates, Raine Ventures, Greycroft and Expansion Venture Capital also participated. Yieldstreet will channel the new funding to expand its user base, develop new investment products, explore international expansion, and pursue strategic acquisitions.

Yieldstreet was founded by Milind Mehere and Michael Weisz to digitally transform and democratize access to alternative investments, historically the near-total domain of the ultrawealthy and institutional investors. With the diversification opportunity offered by the Yieldstreet platform, retail investors can now modernize their digital portfolios across multiple asset classes and strategies. The appeal of these newly available options is seen in strong investor demand for Yieldstreets investment platform; both investment requests and new investors have surged through May of 2021, each up over 250% over 2020, with new investors already exceeding all of 2020.

Were on the brink of the greatest wealth transfer in history as Baby Boomers pass the torch to new generations. The consumer has changed, yet the tools and infrastructure in wealth management havent kept pace, says Mehere, CEO and Founder of Yieldstreet. Its a new worlda mobile-first digital oneso weve created a platform to eliminate the built-in friction points to better connect with consumers wherever they are, help educate and provide access to investments to fuel their life goals.

The Series C investment underscores the industrys growing recognition of Yieldstreet as a transformative digital platform capable of helping investors reach new streams of wealth to propel their financial outcomes and realize long-horizon goals. As the era of digital transformation accelerates, Yieldstreet is uniquely positioned to help individuals tap into modern investment strategies, with portfolios working around the clock to automatically apply earned income toward everyday expenses.

The 60/40 investment model is over; you simply cant retire on bonds yielding less than two percent, so alternatives are not optional but needed for every portfolio, says Mitch Caplan, President of Tarsadia Investments and former CEO of E*TRADE. Milind and Michael have a clear understanding of what is needed and have assembled a strong leadership team to unlock the future of investing, today. I have no doubt that Yieldstreet will be a household name in alternative investmentswhich sets them worlds apart from other ventures weve analyzed.

Having an investor like Tarsadia with Caplans vast experience, which includes spearheading the transformation of E*TRADE to a fully integrated online investing platform as the companys CEO, validates Yieldstreet's strategic plan as it scales its offerings to a full-service digital wealth management platform across distribution channels and investment classes.

We deserve to have our money work as hard for us as we do for it, added Weisz, President, Chief Investment Officer, and Founder of Yieldstreet. By creating a digitally native investment platform providing a beautiful user experience, transparency and a portfolio that generates passive income and asset growth via an array of alternative investments, were fundamentally changing the way the Yieldstreet community interacts with their money.

About Yieldstreet

Yieldstreet is reimagining the way wealth is created by providing access to alternative investments previously reserved only for institutions and the ultra-wealthy. Yieldstreets mission is to help millions of people generate $3 billion of income outside the traditional public markets by 2025. Its award-winning technology platform provides access to investment products across a range of asset classes such as Real Estate, Commercial, Consumer, Art, Marine, Legal Finance and Aviation. Since its founding in 2015, Yieldstreet has funded over $1.9 billion of investments and is committed to making financial products more inclusive by creating a modern investment portfolio. The company, headquartered in New York City with offices in Brazil, Greece, and Malta, is backed by leading venture capital firms. Join the movement at http://www.yieldstreet.com.

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Yieldstreet Announces $100M in Series C to Usher In New Era of Investing - Business Wire

Planning for the unforeseen and learning to save and invest due to falling incomes have pushed women to take control of their finances in these trying times. Representative image/Pexels

Financial Planning has become more important for women, especially in times like Covid pandemic which has disrupted livelihoods and destroyed thousands of families across the country. According to LXME founder Priti Rathi Gupta, financial independence is an essential life skill every woman should be well equipped with in order to be truly independent. The Covid-19 pandemic and its impact have further added impetus to the importance of financial planning and independence for women.

Planning for the unforeseen and learning to save and invest due to falling incomes have pushed women to take control of their finances in these trying times. In these uncertain times of COVID-19, we have in fact seen circumstances prompt greater ownership from women. Gupta said this systemic shift has arisen from various interests in financial preparedness, personal finances, investment behaviours and challenges faced earlier in the case of saving and investing.

In an e-mail interaction with FE Online, Gupta explained further why women should take control of their finances and the steps they should take for this purpose. Excerpts:

In order to be truly independent, financial freedom should be the topmost privilege that every woman should aim for. Women are born money managers. When armed with the right attributes of being risk-aware, disciplined, making informed decisions, and staying calm under stress, women can go from managing home budgets to smart investors. When women begin to invest and grow their money, they carry the potential to bring about a societal change, because they begin by investing back into their community and children. The future of financial freedom for women is the onset of an evolutionary change, and it begins with a simple adaptation of money management, as a life skill.

ALSO READ | Why do smart people make stupid money mistakes?

Women have the knowledge of finance and yet are dependent on the male members of their household to make the decisions. Financial acumen and wealth creation are a joyous experience and if we simplify it and break the barriers between finances and women, the trailblazers of financial feminists would be leading the way in no time.

The first step in the journey of becoming financially fit and independent is to understand your financial patterns. This means that not only is it essential to be aware of your earnings, its also important to be aware about your significant expenditure. Use a journal or an online spreadsheet to write it down and understand your financial behaviour. Make sure you jot down all details as they will further help you make decisions accordingly.

Set financial goals since the very beginning, especially for short term plans like a trip or buying a car. For long term goals, you can consider investing in real estate or decide to use different investment mechanism to create wealth, depending on your goal. Keep aside at least 30% of your monthly income to fulfil these goals.

Time-based investment tools like Systematic Investment Plans and incremental investment through lump sum helps in building a healthy portfolio. SIP is among the most effective tools to invest. Automation is a great place to start and reach financial independence as fast as you can. The strategy is to make, save, and invest as much money you can. Try to increase the automation savings amount once every few months.

An emergency fund can help one stay afloat in times of a financial crisis such as the current one. Also, this fund should be quickly and easily available as cash, if and when required because there is no point of having money which is not liquid since you wont be able to withdraw it when emergency strikes.

No freedom can be achieved overnight, and the same goes for financial freedom as well. Staying up to date with the trends and terms can help expand your knowledge and avenues. Whether you do it with the help of a financial advisor or by taking courses online, but constantly upgrading your knowledge will help you feel more confident and adapted to the financial world.

It is important to reach out to professionals like registered financial advisors, who in turn would help you select and decide the best financial tools and investment avenues available in the market to achieve your financial goals. You could also consider joining a financial community like being LXME, etc., where motivated individuals and members, with a common goal, are willing to share tips and discuss their journeys. Such platforms help you be accountable, and you can learn techniques to manage your money better.

ALSO READ | Not following these 7 points will make Covid-19 claim difficult for you

What is LXME?

LXME is Indias 1st Financial Platform for Women, which aims to bridge the gap between women and finance with a community led expert-backed hassle-free platform curated for women.Women have differentiated financial needs; differentiated earning potential, career peaks, career breaks, longer life expectancy and a different approach & mind-set toward financial planning. It is thus imperative for women to take charge of their money through smart planning and investing best suited for their needs. Financial Freedom is the topmost privilege for any woman and LXME helps inspire that.

Today, LXME is a fast growing robust community led financial management, planning, and education platform for women. We aim to inspire a wave of financially fearless women to actively manage their money and achieve their dreams.

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Why should women take control of their finances and how? LXME founder Priti Rathi Gupta explains | Interview - The Financial Express

Pensionsaving is an endeavour undertaken years in advance, with Britons ensuring they are amply protected for retirement. However, undoubtedly, impacts in the present are likely to have a knock on effect in the future. With Britons grappling with the fallout of the pandemic, may have been financially affected, but research has shown it is single women who face the most challenges.

While this can provide great opportunities for financial independence, its also a significant responsibility to shoulder, not least for the 90 percent of two million single parents in the UK, who are women.

Our research reveals the extend to which the financial gaps between men ad women have been widened as a result of the pandemic, with the impact on single women greatest.

Now, with many needing to prioritise their day to day finances and recover on income gaps, there are fears about financial certainty in the future.

Ms Currie expressed worry about the gender pension gap potentially being further exacerbated due to the challenging circumstances faced over the last year.

Indeed, long-term savings could also be jeopardised, potentially creating financial chaos later down the line.

Earlier this year, research from Fidelity showed the disproportionate financial impact of the pandemic upon women.

Women were found to be 1.5 times more likely to have lost or quit their jobs during the pandemic.

And women were far more likely to be furloughed, while those who stayed in work often lost productivity due to other responsibilities and pressures such as caring for children or older relatives.

For those who are looking to secure a long-term financial future, Ms Currie urged action as soon as possible.

Firstly, it is important to review ones financial situation to look at monetary health.

While everyone approaches money differently, looking at ones short and long-term goals while eliminating any unnecessary spending will be key.

Next, it will be important to have some funds set aside waiting in the wings for the right moment.

The pandemic created a financial shock for many, and to avoid similar circumstances happening in the future, creating an emergency fund is important.

Generally, experts suggest an easy access fund worth three to six months of money, but Britons can adjust this according to their needs.

Finally, taking a long-term view is likely to benefit individuals in the future - with building a nest egg particularly vital.

Ms Currie concluded: A monthly investment into a self-invested personal pension or ISA is an easy and tax efficient way to help give you the financial freedom you want for the future.

This step is even more crucial for women given the gender pay gap and womens propensity to choose saving over investing.

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Pension crisis as gaps widen between men and women in saving - are you affected? - Express

We know the climate crisis is already herewith environmental destruction leading to many people being displaced from their homes, as well as causing health problems and economic hardship. And generally, the impacts of climate change are felt by women and girls the most.

The UN estimates that more than 80 per cent of people displaced by climate change are women, partly due to gendered labour roles such as having to stay behind after disasters to care for children and elders. In the 2004 tsunami, an Oxfam report showed that men survived women at a shocking ratio of almost 3:1 in Sri Lanka, Indonesia and India.

One aspect thats not often discussed, though, is how the aftermath of climate disasters can often lead to an increase in sexual violence against women, girls and other marginalised genders of all ages. The reasons for this are multifaceted, and go back to issues of exploitation and displacement, which impact Indigenous, Black, and migrant people the most.

After natural disasters, women who are displaced can end up in unsafe, overcrowded shelters and other facilities where theyre at greater risk of sexual assault, Osub Ahmed, senior policy analyst of womens health and rights at US thinktank the Center for American Progress, tells Vogue.

Almost a third of sexual assaults reported during Hurricane Katrina and Hurricane Rita, both in 2005, took place at evacuation shelters in the predominantly Black city of New Orleans, according to a 2006 survey by the National Sexual Violence Resource Center, while a rise in sexual violence was also reported in Japan in the immediate aftermath of the 2011 earthquake and tsunami.

The economic strain that often follows such disasters can also take away womens financial independence, and often their partners, forcing them to travel further to get resources, such as wood or water in refugee camps, or find work. Psychological and emotional stresses indirectly caused by climate changejob loss, being displaced from your home, or experiencing general civil unrestcan lead to higher levels of sexual violence in the home, Ahmed continues.

New research published in BMJ Global Health explores this connection between the climate crisis and domestic violence, highlighting cases of murder, coercive control, aggressive behaviour, forced early marriage and financial abuse. The study found that more than a third of perpetrators were current or ex-partners, while 15 per cent were relatives.

In communities where extractive mining of fossil fuels or the construction of chemical plants take place, Indigenous communities are also at risk of violence from the sudden influx of mostly male transient workers, according to Amnesty Internationals Out of Sight, Out of Mind 2016 report, as young men are statistically more likely to be perpetrators of violent crime.

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Sexual violence is a hidden impact of the climate crisis thats not discussed enough - VOGUE India

What do you get when you cross a successful wealth management executive with a New York billionaire?

You get a spectacular $31B firm.

ForKurt Miscinski, his meeting with New York-based billionaire and entrepreneur Howard Milstein could possibly be called serendipitous.

Because at that time, Kurt was considering leaving his management role at Deutsche Bank and Howard was looking to make long-term strategic investments in the wealth management space.

As a high-profile executive at Deutsche Bank, Kurt certainly had options. But instead he saw the early potential of building a full-service wealth management RIA firm that can serve ultra-high net worth families, executives and companies.

So in 2009 HPM Partners was borna firm with zero assets but with Kurts crystal clear vision and the backing of investor Howard Milstein.

After starting from scratch and growing to $9B in less than a decade, renowned private equity firm Lightyear Capital invested in HPM and then later rebranded the firm to Cerity Partners.

Today, Cerity manages over $31B in assets, a result of their strategic organic growth initiatives complemented by an inorganic growth strategy that led to a string of high-profile M&A transactions.

Kurt shares the story with Louis Diamond, starting with the early stages of HPM on through to Cerity Partners today, including:

Kurt shares a unique vision on growth and how its impacted by cultureone that is based on running to something rather than away from something. Its an incredible story with key learnings for advisors and business owners alike.

Download a transcript of this episode

Listen to more episodes of Mindy Diamond on Independence:A Podcast for Financial Advisors Considering Change.

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Mindy Diamond on Independence: The Catalysts Behind the Growth of Mega-Firm Cerity Partners - WealthManagement.com