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Honestly, I don't get this product. Aren't you dealing with minimal amounts? How much can a customer who adds a few dollars a month to his account be worth any
by charlesdm 8y ago
Honestly, I don't get this product. Aren't you dealing with minimal amounts?
How much can a customer who adds a few dollars a month to his account be worth anything to an asset manager? Won't it take years before even the user acquisition cost is recouped?
- prklmn 8y agoI don’t really think it’s an investment in the product itself, but rather a nice touch point that will be used to market other investment vehicles.
- jmathai 8y agoI have an account and it's up to $2k in under a year. I think I have an automated $100/month deposit too. It's money I don't notice missing that's bring saved. It's not a lot but it's easy and a lot better than nothing.