United Income, founded by Matt Fellowes, is a hybrid robo-human advice and wealth management service aimed towards helping retirees transfer into retirement and manage their income. They work to integrate all sources of potential income and incorporate factors, such as individualized life expectancy and retirement and tax policy insights, to help plan retirees allocation of assets.
United Income offers two membership options:
Their base offering which includes an individualized financial plan, social security advice, medicare advice, portfolio allocation advice, personalized investment management, United Income Signature ETF Strategy, United Income paycheck, technical support, personal wealth manager and an annual phone meeting with your wealth manager.
Including all of the options of their Premium membership, Private wealth includes custom investment strategies - which include socially responsible investing, tax-sensitive and bond laddering, home-bias, U.S. individual stock portfolio - unlimited wealth manager meetings, personal retirement transition coaching, estate planning, charitable giving optimization, mortgage refinancing and downsizing analysis, Roth conversion recommendations, education savings planning and insurance planning.
Announced in June of 2016, United Income raised $5.8 million from Morningstar, Omidyar Network, Fellowes and founder and CEO Matt Fellowes.
United Income announced $10.1 million in their Series A funding. The funding came from Morningstar, Omidyar Network and founder and CEO Matt Fellowes.
Acquired by Capital One
Announced in August 2019, Capital One acquired United Income for an undisclosed amount. Under terms of the acquisition, United Income will operate independently under current management, but Capital One allows United Income to expand operations.
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