SOURCE: Jemstep


January 30, 2013 09:00 ET

Jemstep Launches Portfolio Manager to Help People Lock In More Money for Retirement

Online Service Offers Every Investor a Personal Action Plan to Maximize Returns Without Undue Risk; 74 Percent of U.S. Adults Don't Know How to Create and Manage a Retirement Portfolio

LOS ALTOS, CA--(Marketwire - Jan 30, 2013) - Jemstep, the online investment advisor, today announced the launch of Jemstep Portfolio Manager, a powerful yet easy-to-use investment guidance and portfolio management service for individual investors. Combining the personalized attention of a private wealth manager with proven strategies and analytics used by institutional money managers, Portfolio Manager tells investors exactly what to buy, sell, and hold, to maintain the optimal portfolio for their retirement goals and financial situation. The service will be free until March 1, 2013.

"Investing is complex, and most people are uncertain if they're doing the right thing with their money," said Kevin Cimring, CEO of Jemstep. "But investing doesn't have to be difficult and everyone should be able to create a secure retirement. Jemstep Portfolio Manager gives every user personalized, step-by-step guidance for reaching their financial goals, whatever their level of wealth or investing experience."

Within minutes, Jemstep Portfolio Manager --

1. Gets to know you, your financial situation and retirement goals.
2. Analyzes your current investment accounts and generates a personalized investment strategy aligned with your situation and goals.
3. Provides you with your target allocation -- the ideal balance of assets to optimize your earnings without undue risk.
4. Spells out a detailed action plan telling you what to buy, sell, and hold.
5. Makes sure you stay on track. Jemstep watches for changes in your profile, your portfolio, and the market. It also alerts you when it's time to rebalance or change investments.

Based on the research of Nobel Prize-winning economists and the experience of multi-billion-dollar institutional investment managers, Jemstep's portfolios are designed to help people achieve higher returns than their existing portfolios, while reducing the drastic fluctuations that can occur when markets move up and down. These portfolios have been back-tested against the S&P 500 over 14 years and have delivered higher returns with less risk. In recommending what investments to sell and buy, Jemstep's patented investment evaluation technology helps investors minimize taxes, reduce fund fees, and select top-quality investments.

Survey Conducted on Behalf of Jemstep by Harris Interactive Finds that 74 Percent of U.S. Adults Don't Know How to Create and Manage a Retirement Portfolio

Jemstep recently commissioned a survey in partnership with Harris Interactive from December 17-19, 2012 to determine current attitudes among Americans who are investing for retirement. The online poll of more than 2,300 participants revealed massive gaps in retirement planning. Of respondents who have a retirement account, 50 percent manage it on their own. But nearly three-fourths of U.S. adults (74 percent) stated they have little or no knowledge of how to create and manage a portfolio that will give them the money they'll need to live comfortably in retirement. Furthermore, 67 percent of those who have a retirement portfolio think investing for retirement is complex and/or intimidating.

Additional survey findings include:

  • 71 percent of those who have a retirement portfolio would prefer to manage their retirement portfolio on their own if they had the knowledge or tools.
  • 69 percent of U.S. adults feel not at all or only somewhat knowledgeable of the appropriate level of risk to take on, given their situation and retirement goals.
  • 76 percent of U.S. adults have little or no knowledge about the various ways financial advisors are compensated.

"The Harris poll confirms that more people would like to manage their retirement portfolios," said Simon Roy, president of Jemstep, "but most online investing tools have been built for day-traders and other investment professionals. Portfolio Manager is specifically designed to give anyone step by step guidance to lock in a more secure retirement."

Jemstep's recommendations are wholly unbiased and transparent. The company receives no fees or other incentives from funds or brokers. There are no minimum asset requirements for opening an account at Jemstep. Users execute trades through their current online or traditional broker or investment advisor, so there's no need to change their existing financial relationships.

"Jemstep makes it easy for people to build their retirement nest eggs -- simply, confidently, and without worry," Cimring added. "That's why we're making Portfolio Manager free for the next month -- to encourage people to take charge of their retirement planning and see how easy it can be."

For more information on Jemstep Portfolio Manager, visit

About Jemstep is an online investment advisor that helps people lock in more money for retirement. Using patented technology and proven portfolio management methodologies, Jemstep tells users exactly what to buy and sell to maximize their returns without undue risk. Jemstep's easy-to-use website takes the complexity, difficulty, and anxiety out of investing. Providing the high-caliber, personalized advice that has traditionally been available only to wealthy investors, Jemstep empowers all investors to take charge of their retirement planning and invest with confidence. A Registered Investment Advisor with the SEC, Jemstep is led by a team of experts with over 100 years' combined experience in financial management and technology innovation and development. Learn more at

Harris Interactive Survey Methodology
This survey was conducted online within the United States by Harris Interactive via its QuickQuery omnibus product on behalf of Jemstep from December 17-19, 2012 among 2,309 adults ages 18 and older. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please visit

Contact Information

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    Tammy Chan
    Atomic PR for Jemstep
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    Suzanne Pallo
    Senior Director of Marketing
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