IRVINE, Calif., May 23, 2017 /PRNewswire/ -- Acorns, the country's fastest-growing micro-investing app with more than 1.8 million investment accounts, has just announced the addition of Christopher Jones, former Co-Head of Global Active Equities at BlackRock, to chair its Investment Committee.
As BlackRock's Co-Head of Global Active Equities, Christopher oversaw more than 350 portfolio management and business professionals across the Americas, EMEA, and Asia Pacific regions, responsible for investing over $275 billion in equity-based investment strategies. Christopher has 34 years of experience as a CIO and Portfolio Manager, including 32 years at JPMorgan Investment Management where he was the CIO of Growth and Small Cap Equities and Co-Head of US Equities.
"Chris is such a stalwart in the industry. We are thrilled to be bringing an executive of his stature into Acorns," said Walter Cruttenden, Co-Founder of Acorns. "He is not only a best-in-class investor but also a great leader of investors. He has deep experience in capital markets globally – having worked with and driven strong investment results for some of the biggest and most sophisticated pools of investment capital in the world. We are excited about the contributions that Chris can make as we continue to look for ways to optimize performance and returns."
"There are only a small number of companies doing the important work of providing financial solutions and education to millennials, and Acorns is a clear leader among them," said Christopher Jones. "Designing investment solutions that provide real diversification and sophisticated asset allocation, underneath a simple and beautifully designed app, makes it easy for Acorns users to save, invest and realize the benefit of compounding returns long-term. This is important and vital work, and I'm excited to bring my experience at the world's largest asset management firm to their platform as they continue to grow and scale."
As Chair of the Investment Committee, Christopher will help advise Acorns on its long-term strategy and oversee: types of ETFs used in the company's investment solutions, portfolio construction, rebalancing and risk management. The Investment Committee currently includes Walter Cruttenden, Chair of Acorns, and Mark Hebner, the founder and CEO of IFA.com. The company is also advised by Nobel prize winner Dr. Harry Markowitz, the father of Modern Portfolio Theory.
Acorns is the leading micro investing app in the U.S. Its easy-to-use, mobile-first technology makes it simple for anyone to invest. Acorns allows customers to automatically invest in a low-cost, diversified portfolio of exchange-traded funds offered by some of the world's top asset managers (including Vanguard and BlackRock). Customers grow their wealth in one of five portfolios constructed with help from world-renowned Nobel Laureate economist Dr. Harry Markowitz. Acorns' smart portfolio algorithms automatically work in the background of life, helping users build wealth naturally, pennies at a time. From Acorns mighty oaks do grow. You can access Acorns simply and easily via the app for iPhone, Android or desktop. Visit Acorns.com for more.
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