Finhabits Targeting Latin Americans

Former Merrill Lynch advisor Carlos Garcia is leading the launch of a new robo advisor, Finhabits, targeting Latin Americans; the platform offers investing and advice through investment accounts and Roth IRAs with low minimums of only $5; targeting the Latin American community the service will be available in both English and Spanish; fees are slightly higher due to the customized target demographic with a $1 per month fee for accounts under $2,500 and a 50 basis point annual fee for accounts over $2,500.  Source

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