Stash Invest vs Stash Wealth
Which service you decide to go with depends on what you’re looking to get out of the relationship. Something personalized, or something customized. While Stash gives personalized advice (think monogrammed puffer vest), we give you customized advice (think custom Thom Browne suit for the Met Gala).
Look, we get it. There’s confusion out there. There’s us: Stash Wealth. And then there’s Stash Invest. Turned Stash Financial. Turned just Stash. Turned just Stash with a NASA-type logo. And they’re plastered on the sides of buses and taking up tv spots and playing on the ads before your YouTube video loads.
At least they didn’t make a play for a sports arena (yet). Looking at you, crypto.com.
While there is a bit of overlap with the name, there are plenty of differences in the way we function, how we respond to clients, and what we both offer. So let’s get into it.
What Stash Invest and Stash Wealth have in common
The name. But we’ve already covered that part. There are a couple of other commonalities as well.
The second: we both believe investing is easy. It really is. We’d even go so far as to say personal finance, in general, is not hard. They just don’t teach this sh*t in school. But once you have access to sound education about how everything from investing to saving actually works, you’re in pretty good shape.
The third: We both want you to build healthy financial habits.
Because when you have access to education, you’re left without excuses.
There are so many resources at your fingertips to get started. Pick one.
Key differences between Stash Invest and Stash Wealth
There’s a difference between personalized advice and customized advice. Personalized stamps your name on something pre-made. Like those keychains at your corner bodega. But customized means tailored specifically for you and your goals. While Stash gives personalized advice (think monogrammed puffer vest), we give you customized advice (think custom Thom Browne suit for the Met Gala). It’s a complete step-by-step financial plan to get you exactly where you’d like to be. It is your life, after all. Not just someone like you. Shout out Adele.
Stash Invest is an investment app. You may have even heard them called a robo-advisor. Same thing. Similar to Robinhood or Acorns. We even wrote a piece on which robo-advisors we like best. Investment apps give the regular investor the ability to begin investing. With Stash Invest, all you need is $5. But we’re sure you’ve seen that on a bus wrap somewhere recently.
While we (Stash Wealth, keep up) offer tons of free advice and guidance on this blog, our financial plan clocks in a little higher than $5. But hey. You get what you pay for. We’re real people who can help. You’re not going to be sent to a giant FAQ document.
Stash says they can give you everything you need to build wealth for the long term. And they may be able to hand you the tools. But we believe if you don’t understand the “why”, it won’t make a difference. It would be like putting together IKEA furniture with no pictures or orange tools. Trouble.
When to use Stash Invest
An investment app is like using the self-checkout line at the grocery store. If you’re looking for ways to dip your toe in the pool, this is the place for you. Especially when it comes to the first steps with automation. Investment apps make it incredibly easy to automate the first of your paycheck into an investment account. If this is your most comfortable first step, Stash Invest is for you.
When to use Stash Wealth
If you’re ready to understand how to make your money work harder for you, that’s when you call us in. Do it by yourself or with your partner. Up to you. Whether it’s finding the gaps you’re missing, answering the questions you didn’t know you had, or showing you exactly when you’ll be able to buy your first (or second) home, or the best way to pay down your student loans, we’re here. The Stash Plan is a 5-6 week process where you are partnered with a financial advisor to go through every aspect of your life. In short: you’ve got a pro in your back pocket.
Why Stash Wealth is better
What happens when you have a question about which credit card would be best for your lifestyle? Or are having a new baby and want to walk through how a child impacts the timeline and goals you have for yourself?
We believe technology should support the conversation, not replace it.
Who cares if you’re on autopilot if you’re headed in the wrong direction?
So if you’re ready to step up and understand exactly how to drive your financial life, we’ve created the Stash Plan for you. It’s a one-stop shop with answers to all of your questions, specific solutions to your goals, and a human to walk you through the entire process. A custom financial plan is what keeps you from unintentionally driving in the wrong direction.
Because self-checkout is nice when you only have a handful of items, but as soon as the weight gets a little heavier, or there isn’t a sticker on the produce telling you exactly how to ring it up, it’s time to call in the people who do this for a living.
Stash Wealth provides financial plans designed to assist high earning young professionals build and manage their wealth.
Stash Wealth offers a pragmatic approach to financial planning and wealth management. Whether saving up for Tahiti or a Tesla, we help you achieve your short-term and long-term goals.
Written by Stash Wealth Staff Writer
Stash Wealth Staff Writers are knowledgeable about personal finance topics. Their objective is to unravel the complexities of finance trade jargon, products, and services in order to equip HENRYs with a sound understanding of financial matters.