Instead Of Toys, Gift Stocks And Index Funds
b"With\\xa0Peggy Mangot, former Google Executive and Co-Founder and CEO of SparkGift.com
Peggy is a veteran in the consumer financial services industry. Previously, Peggy led strategic partnership management at Google focusing on Google Wallet. Peggy has held senior roles with Visa, PricewaterhouseCoopers, Allianz, and Accenture. She began her career as a financial markets & payment system risk analyst for the Federal Reserve Bank of Chicago.
She co-founded a company called SparkGift after repeatedly noticing a common problem among friends and family \\u2013 the desire to give a meaningful gift that can truly add financial value, without wasting money on meaningless toys and gift cards. So SparkGift empowers people to give gifts \\u2013 specifically fractional stocks and index funds - that can truly impact their loved ones' lives. Rather than just creating a moment of delight, Spark believes a gift can be a more meaningful, longer lasting experience. And even a small investment gift of $20 can go a long way towards empowering someone's financial future.
SparkGift is aimed at people who value savings and investment over consumption and spending \\u2013 especially to kids who have pretty much everything. So Peggy and her team decided to make it easy and fun to gift investment assets \\u2013 without the hassle of opening up brokerage accounts, etc. Her company supports 6,000 stocks and funds, lists the most popular stocks and index funds, offers a Gift Registry, and creates digital gift certificates. The process is technology-enabled and significantly easier to setup. And because SparkGift supports fractional shares, gifts could start as low as $20. On top, SparkGift charges a flat $2.95 fee and 3% of the gifted amount that is paid by the gift-giver. After that, the gift receiver has to pay nothing to maintain the account. Moreover, accounts are setup for automatic dividend reinvestment so the account can grow over time. So here\\u2019s something else to consider the next time you need to give someone a gift \\u2013 specially to kids and young adults who could benefit from a nice stock growth account."