What I am reading:
With 13 billion dollars in mutual fund fees generated each year, so much about the investment process is made needlessly complicated by companies who want to sell you funds. Y Combinator-backed FutureAdvisor, which launches tonight, wants to help. The company likens itself to a Mint for retirement investment, but unlike retirement calculators from funds like Fidelity and Schwab, the web app aggregates all your independent mutual fund data into one place. And, unlike web services Betterment, Plant.ly, and the stealth Blueleaf, FutureAdvisor takes into account what stocks and funds you already own including your 401k.
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