Retirable

Retirable offers financial advice and retirement planning services to individuals who are retired or approaching retirement. The company provides financial advisors to help grow savings and develop holistic retirement plans that balance income, healthcare, and lifestyle needs. Additionally, it offers investment advisory services, focusing on funds designed to improve tax efficiency and help clients prepare for short- and long-term goals, including retirement.

The company also offers a platform to help individuals track income and spending, as well as a high-yield savings account and debit card for easy account management and spending.

Retireable is a registered investment adviser with the US SEC. It charges a 1.00% annual advisory fee of the client’s AUM, capped at USD 5,000 per annum. Clients who choose general financial planning pay an annual subscription fee of USD 500; however, if a client later opts into an investment portfolio, a pro-rated portion of the subscription fee is refunded.

Key customers and partnerships

As of August 2024, the company had serviced over 50,000 users.

Retirable has partnered with several FinTech firms to deliver its services. Banking services are offered in partnership with Thread Bank, while discretionary investment management through recommended portfolios is provided using Altruist’s investing platform. Additionally, it provides clients with extra benefits, including estate planning through ClearEstate, insurance management services via Marble, and assistance with lowering medical bills through Goodbill.

Moreover, it entered into a partnership with The Brokerage Inc., a brokerage agency with a network of over 25,000 brokers, to grow its product reach. The partnership aimed to grow Retirable's product offerings by allowing brokers to deliver services such as expert investment management, personalized financial plans, reliable retirement income, custom spending plans, and high-yield cash management accounts to clients through the extensive broker network. The company also partnered with health insurance marketplace eHealth in February 2024, where the two companies aim to offer combined solutions to seniors.

Key competitors: None comparable (Retirable is the only financial wellness startups startup that also offers retirement planning services)