Review the app Acorns, describe how and why it was created, its target market, and the advantages and disadvantages of adopting it. Will apps like these encourage new and reluctant investors to get into the habit of investing on a regular basis? What are the costs of using such an app versus the traditional route of broker commissions or a fee-based financial advising relationship?

Answer rating: 100% (QA)

Acorns is a microinvesting app designed to make investing easy and accessible to everyone particularly targeting millennials and younger investors It ... View the full answer