By Erin E. Arvedlund
The Philadelphia Inquirer
WWR Article Summary (tl;dr) DailyWorth Founder Amanda Steinberg has been informing women about money through her free “DailyWorth” newsletter since 2009. She is now adding onto that success with a new money management platform to help women with savings, investment, and retirement options. Steinberg says “WorthFM” is a way for women who aren’t familiar with traditional finance to get started in all three areas to build net worth.
The Philadelphia Inquirer
A robo-adviser just for women?
That’s the latest step for Amanda Steinberg, the South Philly native who founded DailyWorth, a financial-advice newsletter with more than one million women subscribers.
Last year, Steinberg expanded Chestnut Hill-based DailyWorth into financial advice and money management with the launch of WorthFM, which offers a pre-selected portfolio of eight exchange-traded funds.
WorthFM is similar to robo-adviser start-ups such as Wealthfront or Betterment, with portfolios that are pre-selected and rebalanced automatically.
WorthFM women start out with memberships of $2 a month to try the service, which opens three accounts at the same time (savings, investment, and retirement). Once a member accrues $5,000 in invested assets, WorthFM charges a 0.50 percent flat fee.
