Plectrum Accelerate is a tool that helps users to save their money, and to invest that money in a systematic, low fee way that affords them the maximum amount of reward for a given amount of risk.
Plectrum Accelerate is an intuitive, easy to understand iPhone app that provides a painless way to secure your financial future.
How the free app works
• Plectrum Accelerate creates a discrete brokerage account for each user.
• It also creates an ACH link between each user's checking account and their newly created brokerage account.
• User selects a monthly dollar amount to transfer from checking to brokerage. Based on a brief risk capacity survey, the user is assigned one of the portfolios contained in the App.
• Plectrum Accelerate then automatically sends purchase orders to the brokerage to buy pre selected low fee index funds in the precise proportions to conform to those recommended by modern portfolio theory.
• The App rebalances the portfolios annually. Portfolios contained in the App are based on Modern Portfolio Theory first developed by Dr. Harry Markowitz in 1952.
All of this works in the background, of course. All the user sees is his account growing.
- Minor bug fixes
With Family Sharing set up, up to six family members can use this app.