This publish 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 yr.
Delaware-based Investor Money Administration (ICM) is on a mission to assist buyers 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,” stated 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 affords an API that hyperlinks investor accounts on to each a checking account and a brokerage account. The corporate’s expertise transforms funding merchandise akin to 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. In consequence, buyers obtain larger returns and speedy entry to their financial institution and brokerage belongings.
Among the many firm’s companions are BNY Mellon, PIMCO, Visa, Trusted Capital Group/HUB Monetary, and the Nationwide Schooling Affiliation, and, most not too long ago, Delaware State College (DSU), a Traditionally Black School or College. DSU is an efficient match for ICM due to its deal with 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 schooling and cut back persistent, pernicious gender and racial funding gaps,” stated Phillips. “Via our mission-driven partnership to democratize funding, DSU’s program offers entry to progressive monetary companies and a basis to develop merchandise that tackle essential wants of the broader neighborhood.”
In one other effort to again its mission of supporting underserved buyers, ICM not too long ago joined The Chicago Community, a company of distinguished and influential feminine leaders whose goal is to empower ladies to steer. The group honors Delaware Lieutenant Governor Bethany Corridor-Lengthy and Illinois Lieutenant Governor Juliana Stratton for supporting the development of ladies leaders in enterprise, finance and expertise.
Launched in Chicago in 2018, ICM relocated its headquarters and customer support heart to Wilmington, Delaware final yr. The corporate expects to make use of greater than 400 individuals by the top 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 corporations. Earlier this yr, the corporate was chosen for one in every of 20 inaugural PHL Inno Fireplace Awards.
Be taught extra about fintech in Delaware by visiting the Delaware Prosperity Partnership web site or by contacting Becky Harrington, DPP’s vice chairman of Enterprise Improvement, at bharrington@ChooseDelaware.com.
Photograph by Alex Korolkoff on Unsplash
