Founded in 2021, Wealthyhood is an investing app for the millennial generation. Its aim is to help them build wealth smartly through long-term investments.
Wealthyhood aims to help everyday investors make good investment decisions using personalised investment guidance and automation.
Wealthyhood is the first tenant to use our new US equity trading infrastructure. They were an existing tenant and had tapped WealthKernel to build and offer ETFs to their customers.
Wealthyhood’s roadmap included adding the most popular US stocks to meet demand, retain customers and add new users. Working with WealthKernel’s API enabled them to add individual stock investing in less than a month and reduce the need for integration with another supplier at an expensive cost.
The company now offers users access to over 200 of the most popular US stocks for trading and fractional shares.
The UK’s cost-of-living crisis is eroding people's confidence in managing their money. A third feel they have made poor financial decisions in the past two years. Around 42% said they would value extra financial guidance and advice.
But the investment market in the UK and Europe has great potential, and millennials form most of it. Reportedly, 80% of new retail accounts are opened by investors under 40. In addition, millennials are expected to control $20 trillion in assets by 2030.
Wealthyhood and WealthKernel share a common mission of democratising access to finance. The company aims to help millennials develop a wealth-building mindset with the help of smart tools and personalised guidance that develop, finetune and automatically maintain users’ investing strategies.
Alexandros Christodoulakis, Co-founder and CEO of Wealthyhood said, "At Wealthyhood, we're not just creating an app but revolutionising how our generation invests. By leveraging WealthKernel's cutting-edge US equity trading infrastructure, we've rapidly expanded our offerings, integrating over 200 of the most popular US stocks and fractional shares into our platform. This swift expansion reflects our commitment to providing accessible, comprehensive investment opportunities for our users.
In a world where financial uncertainty is a growing concern, especially among younger investors, Wealthyhood stands as a beacon of empowerment and innovation. We're here to ensure that smart, long-term investment strategies aren't just a privilege for the few but a tool for the many, helping to build wealth in a way that's as informed as it is intuitive. And we’re very excited to have WealthKernel supporting our efforts through its robust infrastructure!"
Onboard your users with ease, with tailored onboarding flow rules, questions to cover risk and suitability, and automatic KYC and AML checks.
Access a range of UK tax wrappers and accounts tailored to fit your customers needs including ISAs, GIAs, SIPPs, and JISAs.
We support BACS, CHAPS, direct debits, open banking, instant matching deposits, recurring payments, and standing orders.
We enable users to transfer their assets held at another provider into our accounts at WealthKernel. The transfers can be made in cash or in-specie.
We’re a fully licensed custodian for client money and assets in the UK. Cash and securities are held at tier 1 banking and sub-custodian partners.
Comprehensive trading built on cutting-edge tech. Trade thousands of fractional securities across markets in multiple currencies.
Seamlessly manage models, programmatically rebalance, track performance data, manage fee accrual, model drift, and more.
Our transaction reporting solution feeds directly into the FCA’s portal and eliminates the need for our Tenants to have an external reporting mechanism.
With WealthKernel's Appointed Representative service, you can get to market faster without the need for an FCA authorisation.
