SOURCE: MarketRiders

MarketRiders

November 15, 2010 13:13 ET

MarketRiders Provides Mint.com Users with Low Cost Investing Tools

Service Selected for Mint.com's 'Ways to Invest' Suite of Investment Management Options

DANVILLE, CA--(Marketwire - November 15, 2010) - MarketRiders, Inc. (www.marketriders.com), an online investment services company, today announced it has been selected by Mint.com, the leading online personal finance solution from Intuit Inc., as one of the new Mint 'Ways to Invest' investment options. Mint.com recently launched this new feature to help Mint.com customers establish an investment portfolio, directing users to resources to help them with investment activities. MarketRiders, with its tailored recommendations for cost-efficient, diversified ETF portfolios based on individual needs and goals, was selected as a low maintenance investment choice.

Mint.com customers now have an easy way to link directly to the MarketRiders service and immediately start saving money with the service's all-ETF portfolios. MarketRiders portfolios include six or seven asset classes and users are alerted when it is time to rebalance and get precise instructions on what to buy and sell to keep targets aligned. 

"Mint.com is helping its more than 4 million registered customers to be smart with their money and keep more of what we all work hard to earn, and that is our MarketRiders investment approach," said Mitch Tuchman, CEO, MarketRiders. "MarketRiders is uniquely focused on keeping all fees as low as possible so investors keep more of their money working for them year over year to grow and compound. We're very happy that our philosophy of investing and Mint's approach are in synch." 

Mint's Ways to Invest feature guides users to determine their risk profiles, helps them identify their investment style (whether it is a hands on or more of an auto-pilot approach) and the type of investment guidance they may need. MarketRiders is included as a low maintenance investment tool as opposed to an active management or hands off option.

"Our goal is to help people save and do more with their money, and making their money work for them is a key tenet to how we do that. MarketRiders is part of the way we are helping customers find the investment strategy that works best for them so they can make sure their money is working hard for them," said Anton Commissaris, director of business development for Intuit's Personal Finance Group and Mint.com.

About MarketRiders

MarketRiders provides investors with online portfolio management services to implement a sophisticated asset allocation strategy used by the wealthiest families and elite institutions. By creating a globally diversified portfolio, keeping investment costs low through the use of ETFs and rebalancing portfolios as markets ebb and flow, MarketRiders customers can generate superior retirement returns without trying to beat the market or pick stocks. MarketRiders sends investors alerts with specifics when it's time to rebalance. The software has been reviewed in the Wall Street Journal, Barron's, USA Today, New York Times, and Forbes among others, and was named one of the eight Fast Company 2009 Innovative Financial Companies to Watch. CEO Mitch Tuchman has appeared on CNN, CNBC and Fox. For more information, visit www.marketriders.com.

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