Springboro, OH (PRWEB) December 26, 2013
Increased competition in the online financial investment advice market should be welcomed, according to Sunil Kulkarni, CEO of http://www.Nuts2Invest.com as the company launched a complete online personal portfolio investment management solution that is customizable, robust, and at no cost for 401k, IRA, College 529, mutual funds, stocks, and exchange traded funds or ETFs.
Dr. Kulkarni has been helping investors for the past 10 years including six years at Merrill Lynch. Sunil holds an MBA from the University of Chicago and has a CFA designation.
"On-line financial advising sites come and go," says Dr. Kulkarni, "but when there are more online advisors around then the advisors are more serious, giving personal investors more options. They try harder and make a better product. The on-line investment sites offer convenience to investors, and when you add our patent pending portfolio performance optimization tools, which build on performance and rating data provided by Morningstar®, the investing process becomes powerful yet simple. There are no performance guarantees when it comes to investing, and the investors can lose money. That is why the investor should hire five-star performing fund managers who are in the top 10% of all managers year after year. Then you have a better chance of success. If the managers’ performance falls then we do not include them in our recommended portfolio. This is why our process provides five-star rated, unbiased, diversified portfolios which beat financial markets consistently."
In the recent past, the number of on-line financial advisors in the U.S. has been on the rise because full-service brokers charge $1,500 annually for every $100,000 invested and recommend mutual funds from a limited fund universe. Discount brokers do not charge advisory fees because they do not offer advice on what to buy and when to buy. The experts believe this trend will continue with the possibility of two or even three new online advisory sites before the end of 2014.
Dr. Kulkarni feels that a combination of online advice, in conjunction with a discount broker, will replace a full-service brokerage model, disrupting services to a eleven trillion dollar financial investment industry consisting of 92 million US personal investors.
"If investors want unbiased financial advice from a full investment universe on how to invest in their tax-deferred accounts (401k, IRA, and College 529 Education Plans), or taxable accounts consisting of stocks, mutual funds, and ETFs, then http://www.Nuts2Invest.com is the place to come. With plenty of online advisors it doesn't matter if most of them do not offer full breadth of advice on all your investment needs because we do and we do it for no cost to the investor."
Nuts2Invest.com is registered with the Securities and Exchange Commission (SEC) and is a Financial Industry Regulatory Authority (FINRA) member. It was founded in the state of Delaware and is registered with the state of Ohio.
Sunil Kulkarni, PhD, MBA, CFA
33 Stanton Drive,
Springboro, OH 45066