Just four months after its last raise, small business retirement plan provider Guideline announced another $85 million in funding. The California-headquartered firm announced their Series D round Wednesday; it was co-led by Al Gore’s Generation Investment Management and Greyhound Capital, which means Guideline has now raised a total of $144 million.
Existing investors also participated, including Tiger Global Management, Felicis Ventures, Lerer Hippeau, Propel Venture Partners, Xfund, and BoxGroup, according to the firm.
Despite market turmoil and rising unemployment, the firm has continued to grow steadily, now managing $2.5 billion in assets for more than 13,000 small business clients. According to the firm that is a 230% growth in AUM and 140% growth in clients since Guideline’s last raise in December 2018.
According to the firm, advisors and accountants now make up approximately 10% of Guideline’s business, and their offering is popular with advisors that either have a benefits brokerage practice or do private wealth management. And 90% of the plans added by advisors are first-time 401(k) plans.
The Guideline for Advisors offering allows advisors to take over the investment-management component as a fiduciary; while the record keeping and fiduciary plan administration services are still provided by Guideline. Despite the pandemic the firm has also launched several new features to its Advisor offering this year including advisory fee processing and automatic plan proposal creation.
To Find More Information, Go To Saubio Digital And Look Up Any Topic
Right now our hottest product is - a revolutionary article rewriting software. It's amazingly popular with Internet Marketers, and some content marketers.
This means, you take one article, and you use the article distribution system. It will generate thousands of unique versions of your article, and publish those unique articles to hundreds of websites that are related to your niche.
Take a look at our comprehensive guide to the best and most popular information ebooks and products available today on Detoxing, Colon Cleansing, Weight Loss and Dating and Romance. They are all in one spot, easy to find and compere to make a quick selection for the product that best fits your needs or wants.
So browse through a category and make your preferred selection and come back here to read more choice articles and get a few more helpful tips on ways to help your enhancement.
Colon Cleanse Reviews
Weight Loss Ebook Reviews
Dating and Romance Ebook Reviews