Company Information

Get to know Honest Dollar

Founded in 2014, Honest Dollar aimed to close the retirement savings gap by offering low-cost, easy-to-manage SEP IRAs, SIMPLE IRAs, and Roth IRAs tailored for the small and medium-sized business (SMB) market and the gig economy. The company operated as a robo-advisor, automating the investment process for its clients. In March 2016, Honest Dollar was acquired by Goldman Sachs to be integrated into its investment management division. However, in June 2020, Goldman Sachs announced the closure of Honest Dollar, transitioning its clients to other providers and shifting its strategic focus.

Industry

Financial Financial AdvisementPRIMARY
Financial Other Service
Financial Wealth Management

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Honest Dollar

United States

Founded in

21 11月 2014 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

36/90

2 reviews

Provided by TrustFinance

OVERALL SCORE

Others

--/10

Reviews

36/90

2 reviews

Provided by TrustFinance

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Markets.com

(327 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.