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LearnVest, a personalized financial planning program, has raised $16.5 million in strategic funding from existing investor Accel Partners, and new investors: American Express Ventures; Claritas Capital; Ed Mathias, founding member of The Carlyle Group; and Todd Ruppert, Former CEO & President of T. Rowe Price Global Investment Services. This brings the startup?s total funding to $41 million.
Founded by Alexa Von Tobel, LearnVest originally debuted back in 2009 at TechCrunch50 as an online guide aimed at teaching women to become more financially savvy. As we wrote a few years back, the startup was Suze Orman blended with personal finance site Mint.com. Last year, LearnVest pivoted slightly to aim for both men and women, and became a full-fledged investment advisor.
As Von Tobel explains, LearnVest is now more like Weight Watchers for your finances. The company offers the LearnVest Action Program, which is a seven, step by step program that takes you from cutting expenses to budgeting for goals to investing your money. All users get a certified financial planner who gives them specialized attention based on their financial needs and goals. Von Tobel adds that each of these advisors has gone through training and is empathetic to all financial situations. Financial plans starting at $89 for the budget version. The five-year plan is $349 and the portfolio builder is $599.
From the sounds of it, it looks like LearnVest may get a huge marketing boost from AmEx to push its financial planning product. ?We believe strongly in the mission of LearnVest Planning to provide accessible financial advice,? said Harshul Sanghi, Managing Partner, American Express Ventures, in a release. ?As we seek to expand our portfolio of products across American Express, we believe LearnVest Planning can be an important partner in helping us to bring customers more convenient, affordable and transparent ways to manage their money.?
With headquarters in New York City, the company has now opened a west coast office in Phoenix, Ariz., to serve as a hiring and training hub for the company?s team of financial planners. In addition to the investment, LearnVest Planning is debuting Workplace Solutions, a financial wellness platform that companies can offer as an employee benefit.
Mathias and Ruppert are advisors, as is Susan Lyne, AOL?s Brand Group CEO and Vice Chairman of Gilt Groupe (and our boss?s boss?s boss); and Ann Sardini, former CFO of Weight Watchers.
There are plenty of startups that want to disrupt wealth management, including Wealthfront, Betterment and of course, Mint. But Von Tobel says that LearnVest Planning is really focused on a broader demographic because the program triages individuals for financial health and then gives them an action plan. She believes that LearnVest is the most hands-on financial planning program you?ll find.
Our mission at LearnVest is to empower people everywhere to take control of their personal finances so that they can afford their dreams. We believe that financial planning should not be a luxury, which is why we?ve developed an advice-driven program that is personalized to your specific financial goals and situation. Take control of your money. Join us today.
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The search is on for two people, who detectives say scammed money from an unsuspecting victim.
Palm Beach Sheriff's deputies said the couple you see in the above police sketch found their victim at a gas station near Jog Road and Lantana Road in Lake Worth.
They convinced the victim to withdraw money from an ATM so she could give it to a fictional church.
The suspects and victim then drove to another location and then the thieves just walked away.
If you recognize them, call Crime Stoppers at 1-800-458-TIPS.
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RICHMOND, Va. (AP) ? Jarvis Jenkins is the eighth Washington Redskins player to receive an NFL drugs-related suspension in 22 months, sanctioned for four games without pay Friday for testing positive for a banned performance enhancing substance.
Expected to start at defensive end, Jenkins will instead miss the first four games of the regular season. He will be eligible to return to the active roster on Sept. 30, following the Week 4 game against the Oakland Raiders.
Jenkins, who was on the practice field at training camp working with the first-string unit when the suspension was announced, released a statement saying he was "shocked and confused" to learn that he had tested positive for what he called "an obscure substance." Then he addressed reporters at length following the practice, apologizing to fans, the team and his parents.
"It was a simple mistake," he said, "but I'm accepting my responsibilities like a man."
Jenkins said he takes pre-workout and recovery supplements. Every NFL player has been instructed not to take supplements that don't have an "NSF" label ? a label that means they've been certified as acceptable under an agreement between the league and players' union ? but Jenkins said he nevertheless took an over-the-counter supplement that didn't have the label.
Jenkins said he checked the ingredients of the supplement, but he learned that's not a failsafe method. In March, he was informed that he had tested positive for a substance women take for breast cancer and that has also been used by athletes in connection with steroids.
He appealed the suspension, but the league ruled against him.
"I thought I was going to get off on it, and I didn't," he said. "The NFL has strict rules. ... They tell us we're responsible for what's in our body. Obviously I'm being led as an example."
Jenkins' backup was expected to be Adam Carriker, but Carriker had a third surgery Thursday for a right knee injury and is unlikely to play this season. Chris Baker, who has been moved from nose tackle, and Kedric Golston are the leading candidates to start while Jenkins is away. Jenkins is allowed to practice during training camp and can play in preseason games.
Jenkins said the Redskins do a good job of educating players about the NFL's drug policies, but the results are debatable. Left tackle Trent Williams, tight end Fred Davis and cornerback Phillip Buchanon served four-game sanctions in 2011. Cornerback Cedric Griffin and tackle Jordan Black were docked four games last year.
Linebacker Rob Jackson, like Jenkins, is suspended for the first four games this year. Safety Tanard Jackson is serving an indefinite suspension and could be reinstated this year.
Each suspension comes with its own backstory ? Williams, Davis and Jackson were sanctioned for substance abuse, the rest for performance-enhancing drugs ? but coach Mike Shanahan acknowledged the troubling trend.
"We have emphasized it," Shanahan said. "But maybe not enough."
A second-round pick in 2011, Jenkins missed his rookie season with a right knee injury. He returned last year to start 14 games and felt primed for a breakout season.
"It's always a tough blow for your football team," Shanahan said. "Hopefully our players will learn that without the label of NSF, you can't take any supplements, because you never know what's going to be in the supplements. We'll pay the price for it. Hopefully our players will learn from it."
___
Follow Joseph White on Twitter: http://twitter.com/JGWhiteAP
Source: http://news.yahoo.com/redskins-jarvis-jenkins-suspended-4-games-230724567.html
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Today Only: Purchase the Qmadix Crave for iPhone 5 and save $19.99!The evolutionary design of the Qmadix Crave case combines tri-fused shock-absorbent material with a sophisticated outer shell that provides maximum protection for your iPhone 5. The Crave case helps to absorb impact against drops and shields your iPhone 5 from scratches. Available in black, red, white, green and pink.
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FORT MEADE, Md. (AP) ? U.S. Army Pfc. Bradley Manning is a whistleblower who wanted to inform the American public about the troubling things he saw in the war zone, and the soldier is willing to pay the price for giving secrets to WikiLeaks, his defense attorney said Friday.
During closing arguments, attorney David Coombs disputed what prosecutors said a day earlier, that Manning was a traitor whose only mission as an intelligence analyst was to give classified information to the anti-secrecy website and bask in the attention.
"He's not seeking attention. He saying he's willing to accept the price" for what he has done, Coombs said.
Manning, 25, is charged with 21 offenses, but the most serious is aiding the enemy. A conviction on that could land him in prison for the rest of his life.
Coombs said the prosecution cherry-picked Manning's chats with convicted computer hacker Adrian Lamo to make their case. He urged the judge to read the entire chat log to put things in context.
For example, he said the prosecution cited a line Manning wrote to Lamo: "If you had unprecedented access to classified networks, 14 hours a day, seven days a week, for eight-plus months, what would you do?"
Coombs pointed out Manning also wrote, "Hypothetical question: If you had free reign over classified networks over a long period of time, if you saw incredible things, awful things, things that belonged in the public domain and not on some server stored in a dark room in Washington, D.C., what would you do?"
Lamo turned the soldier in to authorities in May 2010.
Coombs also said Manning's chat with Lamo about Hillary Clinton and other diplomats around the world having a heart attack over what was leaked was taken out of context.
A military judge, not a jury, is hearing the case at Manning's request. Army Col. Denise Lind will deliberate after closing arguments, but it's not clear when she will rule.
Speaking for more than five hours Thursday, Maj. Ashden Fein told the judge Manning gave secrets to a group of anarchists, knowing the material would be seen by the terrorist group al-Qaida.
"WikiLeaks was merely the platform which Pfc. Manning used to ensure all the information was available for the world, including enemies of the United States," Fein said.
Coombs has said Manning was troubled by what he saw in the war ? and at the same time was struggling as a gay man in the era of "don't ask don't tell." Those struggles made him want to do something to make a difference and he hoped revealing what was going on in Iraq and Afghanistan and U.S. diplomacy would inspire debate and reform in American foreign and military policy.
A native of Crescent, Okla., Manning has acknowledged giving WikiLeaks some 700,000 battlefield reports, diplomatic cables and videos. But he says he didn't believe the information would harm troops in Afghanistan and Iraq or threaten national security.
"The amount of the documents in this case, actually is the best evidence that he was discreet in what he chose because if he was indiscriminate, if he was systematically harvesting, we wouldn't be talking about a few hundred thousand documents ? we'd be talking about millions of documents," Coombs said.
Coombs showed three snippets of video from a 2007 U.S. Apache helicopter attack Manning leaked, showing troops firing on a small crowd of men on a Baghdad sidewalk, killing at least nine men, including a Reuters news photographer and his driver. Coombs said the loss of civilian lives shocked and horrified the young soldier.
"You have to look at that from the point of view of a guy who cared about human life," Coombs said.
Prosecutors argued Manning only cared about himself. The government and Manning's attorneys also disagree on when the soldier started giving material to WikiLeaks. Prosecutors believe it was in late 2009, shortly after his deployment in Iraq began. Manning has said it started in February the following year.
The verdict and any sentence will be reviewed, and could be reduced, by the commander of the Military District of Washington, currently Maj. Gen. Jeffery S. Buchanan.
Source: http://news.yahoo.com/defense-attorney-bradley-manning-whistleblower-141459133.html
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