Blooom – A Whole New Way to 401k

Updated : Sep 11, 2019 in Articles

Blooom – A Whole New Way to 401k


Meet Kevin. And Randy. And that’s me in
the middle my name is Chris and we’re the co-founders of blooom. Yep three Os. We’re making 401k help available,
simple and affordable. Think that doesn’t exist?
Well here’s the story of blooom with 3 Os. So a few years ago Kevin and I were managing investment portfolios for millionaires. Which is fine nice people
but they are probably the least likely to need our help retiring comfortably.
You see… in the traditional finance world if you don’t have a big enough account, all you get is a pamphlet and a pat on the back. Even my own parents
wouldn’t have qualified for our services and this ate away at me. Until one night Kevin texted me with an idea… “What if we built a technology to help all the people that Wall Street won’t?” “Oh!” That was blooom ‘O’ number one: Help should be available regardless of account size. So we called our techy friend Randy and met in his basement to start hashing out a plan to make retirement help
affordable for everyone. We thought, “This technology is awesome!” Now anyone can afford to have their 401k managed professionally! So we asked our friends and family to link up their most valuable retirement asset including my younger sister Annie. Annie is smart, valedictorian of her high school class,
successful in her career, and has direct access to me, but after linking Annie’s
401k to blooom we discovered her entire nest egg was sitting in a money market
account earning a return of almost zero. Ooooh! There was blooom ‘O’ number two. So I asked Annie… “What happened?!” She said, “There are a million things I’d rather be doing than
taking care of my 401k.” No one wants to mess with that stuff! So we simplified. No pie charts, no graphs, no PhD in finance required to understand the health of your 401k. Then something amazing happened. Our friends told their friends who told their friends and soon we were managing 401ks for people across the country for a low fee, no basis points, no percentages, no commissions, no moving your 401k. We were finally helping people
get their 401k on the right track. [Toot! Toot!] Even Wall Street started noticing
the little startup that could. So we upgraded
our basement office to a garage and hired people from all over the world
with all sorts of backgrounds who also believe that everyone deserves
affordable help with their 401k. And now, we’re working our [BEEP]s off
proving that 401k advice can be smart, simple and affordable for any account
size. Making a retirement that was seemingly impossible, possible for many
more Americans. So we’re blooom! And by all o-counts
we’re doing pretty well creating a whole new way to 401k.

9 Comments

  • So hyped…
    https://chrome.google.com/webstore/detail/threelly-ai-for-youtube/dfohlnjmjiipcppekkbhbabjbnikkibo

  • I found out about Blooom in December of 2017, and my 401 was stagnant, barley making anything, since taking a chance and joining Blooom, my 401 has made almost 20k in the 19 months I have been with them. Joining them is by far the best financial move I ever made! I can't thank them enough. I got people in my office to join, I tell anyone who will listen about them. I wish I would have found about them sooner, but I have no complaints. I have made more money with Blooom in the last 19 months then I did without them in the previous 11 years. Thank You Blooom!…Yes…I am a PROUD Bloom fan boy!!

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