If you’ve gotten to this article, you’ve probably read that Evati wants to help you achieve your financial goals.  You may also have read that Evati wants to be the personal trainer for your finances.  This article explains exactly how we do that.

At our core, we are an investment advisor, but we also do much more than that. We help you set financial goals, we help you stick to those goals, and we invest your money to help reach your goals faster.

We can help you start investing in four easy steps.

  1. Download the Evati app.
  2. Use the app to open an investment account.
  3. Tell us a little about yourself and your goals.
  4. Link your bank account.

That’s it! Then, you’ll be ready to invest in your future.  We have provided additional detail on each of these steps below.

1. Download the App

The Evati app is available for download from both the Apple App store and Google Play.  The app is free to download, and our first month of service is also free. After the trial period, we charge $1 per month for accounts with balances of less than $5,000.  For accounts of $5,000 or more, we charge an annualized rate of 0.25% of the total balance of the account on a monthly basis (e.g., for an account with a month-end balance of $6,000, we would charge $1.25 for that month).

2. Open an Investment Account

Once you’ve downloaded the app, follow the instructions to set up an investment account.  An investment account has some important differences when compared to a bank account.  Bank accounts can only hold money, but you need an investment account (also called a brokerage account) to hold securities, like stocks and bonds.  Click here to learn more about how brokerage accounts differ from bank accounts.

3. Tell Us About Yourself and Your Goals

In order to provide the best possible investment advice for you, we need to know a little about you and what your goals are. The app will prompt you for the information we need, like what your goal is and how much time you have to achieve it. For example, you might tell us that you want to save $25,000 to buy a new car in two years or you might tell us that you want to save $1,000,000 for your retirement in 30 years.  Read more about setting goals here.  You will also have to tell us how much risk you are willing to take with the money you are investing.  You can also set up as many goals as you want.

4. Link Your Bank Account

The final step is to link your new investment account with your bank account. You’ll need that link to move money into your investment account to start investing and also to access your money once you’ve reached your goal.  But don’t worry, we’ve made that process easy, too.

Start Investing

Based on the information you give to us, we put our powerful algorithms to work to develop an investment plan tailored to you and your goals.[1]  When you add money to your investment account, we’ll purchase the securities we’ve recommended for you.  You can add money to your investment account once in a while or you can set your preference to automatically add funds to your investment account weekly, monthly or on whatever schedule works best for you.  Either way, we’ll take care of making sure you have a diversified portfolio that’s right for you, your goals, and your timeline.

We also understand that there’s a big difference between setting a goal and achieving it.  Say you’re trying to save $25,000 to buy a new car in two years and you start out with $5,000.  We’ll put that $5,000 to work for you right away, but it’s unrealistic to expect that $5,000 to turn into $25,000 in two years just through investing.  That’s why we not only monitor your portfolio to make sure it has the right securities for you, we’ll give you a plan to keep you on track to meet your goals.  We’ll also send you notes to congratulate you on reaching milestones along the way (“You’re half way there!”) or to encourage you to get back on track if your progress starts to slip.  That’s why we say we’re like a personal trainer for your finances.  Just like a personal trainer helps you stay on track to meet your fitness goals, we help you stay on track to meet your financial goals.

Sadly, there are no guarantees in life and securities are no different. There is always a risk that the securities in your portfolio may decline in value.[2]  So, in the event your portfolio loses value, we’ll let you know that too and we’ll make suggestions for how to get back on track to achieve your goal.

Once you achieve your goal, we’ll take care of selling the securities in your investment account and transferring the proceeds back to your bank account so you can buy that car without taking on any debt.[3] Then, you can start saving for your next goal!

Let Evati help you achieve your personal financial goals.  Download the Evati app or click here and start down your path to financial wellness.

[1]Investment advice is provided by Evati Advisory Services, LLC, a registered investment advisor.

[2]While we aim to recommend securities that will increase in value over time, the value of securities fluctuates constantly. Investing in securities always involves risk and may result in the loss of some or all of your principal.  But, that risk is also what drives potential rewards—i.e., the potential for your securities to increase in value.  And, we always recommend highly diversified portfolios so that the risk of loss is minimized.

[3]You should also note that when you sell securities that have increased in value there are tax consequences associated with that gain.  Depending on the specific situation, that gain may be taxed as ordinary income or as long-term capital gains.  Either way, you may have to pay a percentage of the amount your investment gained in taxes.

[1]Investment advice is provided by Evati Advisory Services, LLC, a registered investment advisor.

[1]While we aim to recommend securities that will increase in value over time, the value of securities fluctuates constantly. Investing in securities always involves risk and may result in the loss of some or all of your principal.  But, that risk is also what drives potential rewards—i.e., the potential for your securities to increase in value.  And, we always recommend highly diversified portfolios so that the risk of loss is minimized.

[1]You should also note that when you sell securities that have increased in value there are tax consequences associated with that gain.  Depending on the specific situation, that gain may be taxed as ordinary income or as long-term capital gains.  Either way, you may have to pay a percentage of the amount your investment gained in taxes.