(ETF Trends) Bringing greater opportunity to millions of investors who want to maximize the potential of their retirement accounts and in response to demand from its thousands of users, Titan has announced the availability of individual retirement accounts (IRAs).
Titan, a Y Combinator company that launched in 2018, is the first actively managed robo-advisor, seeking returns that outpace the broader stock market and providing timely content that educates and engages investors.
Titan’s flagship portfolio, available immediately to IRA account holders, invests in a diverse portfolio of top-performing hedge fund stock holdings and, for downside protection, the ProShares Short S&P 500 Inverse ETF.
Titan charges customers a flat one percent advisory fee per year with none of the hidden fees or conflicts of interest that are common among robo-advisors and the investment industry.
“We couldn’t be more excited to give everyday investors tax-advantaged access to a Titan portfolio through our new IRA offering,” says Joe Percoco, Titan co-founder and co-CEO.
“Americans have almost $30 trillion of assets in retirement accounts, but most of that money is allocated to instruments that simply match market performance. Titan was founded on the idea that everyday investors should have access to vehicles that have the potential to outperform.”
The company is offering to apply existing referral credits to IRA accounts opened by existing customers before January 1, 2020.
Investors looking to capitalize on the proliferation of robotics in various sectors include the Robotics & AI Bull 3X ETF (NYSEArca: UBOT). UBOT seeks daily investment results equal to 300 percent of the daily performance of the Indxx Global Robotics and Artificial Intelligence Thematic Index, which is designed to provide exposure to exchange-listed companies in developed markets that are expected to benefit from the adoption and utilization of robotics and/or artificial intelligence technology.
Key characteristics of UBOT:
- The Indxx Global Robotics and Artificial Intelligence Thematic Index (IBOTZNT) is designed to provide exposure to exchange-listed companies in developed markets that are expected to benefit from the adoption and utilization of robotics and/or artificial intelligence, including companies involved in developing industrial robots and production systems, automated inventory management, unmanned vehicles, voice/image/text recognition, and medical robots or robotic instruments, as determined by the index provider, Indxx.
- Companies must have a minimum market capitalization of $100million and a minimum average daily turnover for the last 6 months greater than, or equal to, $2 million in order to be eligible for inclusion in the Index.
