Copper, the go-to banking app that truly teaches teens and kids about money and sets them up for future financial success, announced its expansion to Copper Investing, a teen-centric Registered Investment Advisor (RIA). Copper Investing offers accessible, automated investing portfolios for teens to learn about (and actually start) building wealth in a safe environment. Its goal is to financially empower teens for the long term by building and reinforcing real-world learning experiences that help teens grow as investors—not just make money.

After hosting free financial literacy seminars at more than 5,000 high schools across the country, Copper is expanding beyond banking with Investing in Copper: a one-of-a-kind education-driven youth investment platform. This product provides accessible, automated investment portfolios for teens to develop financial literacy at an early age and apply that knowledge to accumulate wealth in a meaningful way safe.

“With inflation on the rise, teens need to go beyond saving—they need to learn about the growing wealth,”

“One of the biggest opportunities for teen wealth-building is time in the market and willingness to take risks. Our research shows teens are eager to get started and with Copper Investing, we will empower them to become savvy investors from a place of financial education so parents can feel secure, too, knowing their teen’s financial future comes first.”

                                                              Eddie Behringer, Co-Founder and CEO of Copper.

Copper Investment uses a proprietary questionnaire that follows industry best practices to specifically assess a user’s risk tolerance. It then matches them with a carefully designed portfolio that fits within their investment comfort zone while ensuring that the parent’s investment preferences are met. Copper’s three global equity portfolios include no bond or crypto risk and are designed to offer an attractive trade-off between long-term risk and return across a range of cost ETFs. short. Additionally, Copper has committed approximately $1 million to over 200,000 people on Copper Investment’s waitlist. When the investment product launches, this generation of teen investors will have a total of over $1 million in contributions funded by Copper for their first-time wealth and investment accounts.

“I believe that during the pandemic we lost a lot of things that are important by not attending school. I feel that being knowledgeable about finance and investments is really important for our future,”

                                                               Copper member Aidan F. from Cottonwood, CA.

The growth of copper in financial services is an example of fintech’s real-world empowerment potential. The company was recently invited to the White House, Consumer Financial Protection Bureau (CFPB) and Federal Reserve to discuss the bright future of fintech as an educational and outreach tool.