Home Blog 8 Xignite Clients Named on the Forbes Fintech 50 2016

8 Xignite Clients Named on the Forbes Fintech 50 2016

Nov 08, 2016 By Kerry Langstaff Categories - Client News

8 Xignite

Forbes has released its annual Fintech 50 list this week and Xignite is honored to have made the prestigious group for two years in a row. We are also excited about eight of our clients who have been recognized, some of them for the second year in a row as well.

  • Betterment - Robo-advisor manages ETF portfolios to fit investors’ goals and risk tolerance, for a sliding fee, usually 0.25% of assets a year. Recently launched managed 401(k) product.
  • Ellevest - Second-generation robo-advisor site designed for, and largely by, women. For a 0.5% of assets annual fee (twice what Betterment typically charges), clients get personalized portfolios of ETFs, with automatic contributions, rebalancing and asset allocation based on goals. Elegantly simple site design excludes traditional risk-tolerance questionnaires, which Ellevest argues don’t provide useful results.
  • IEX - Stock-trading venue uses 38 miles of cable, coiled up in a box, to create “speed bump” that levels playing field between high-frequency traders and other investors.
  • Motif Investing - Allows individual investors to design, share and buy baskets (Motifs) of up to 30 stocks for $9.95 a transaction. In nod to robo-craze, recently launched auto-investment service Motif Blue.
  • Personal Capital - A “robo-hybrid” advisor offering 10,000 paying customers a combination of computerized portfolio management and human financial advice (available by phone, e-mail and video) for 0.89% of assets a year on the first $1 million, with a minimum investment of $25,000. For larger taxable accounts it creates portfolios of individual stocks that mimic an index fund, thus maximizing tax-loss harvesting opportunities. Personal Capital has a pipeline of prospects: 1.2 million people use its free tools to track investment returns on $270 billion in wealth.
  • Robinhood - Mobile app offering free basic stock trading, or $10 a month “Gold” service with margin loans, extended trading hours and quicker access to stock-sale proceeds.
  • SoFi - SoFi (short for Social Finance) started as a student-loan refinancer. Now also offering jumbo mortgages, robo-investing and a service that enables employers to help pay workers’ student debt.
  • ​Xapo - Stores Bitcoin on offline servers for wealthy Western investors; processes mobile bitcoin transactions for consumers in developing world.

See complete coverage of Forbes Fintech 50 on


Kerry Langstaff

Kerry Langstaff

Chief Marketing Officer

Kerry Langstaff spearheads marketing and partnership efforts at Xignite. She is passionate about driving fintech innovation and has spoken at numerous fintech events around the world. 

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