Latest news with #Pontera
Yahoo
06-08-2025
- Business
- Yahoo
Pontera Offers Retirement Oversight & Advice: Co-Founder
Uri Levine, co-founder of Waze and Pontera, says one of the biggest challenges in the U.S. market is that people aren't saving enough for retirement, emphasizing that many are not making the right financial decisions or getting proper advice. He speaks to Romaine Bostick and Scarlet Fu on "The Close."
Bloomberg
05-08-2025
- Business
- Bloomberg
Pontera Offers Retirement Oversight & Advice: Co-Founder
Uri Levine, co-founder of Waze and Pontera, says one of the biggest challenges in the U.S. market is that people aren't saving enough for retirement, emphasizing that many are not making the right financial decisions or getting proper advice. He speaks to Romaine Bostick and Scarlet Fu on "The Close." (Source: Bloomberg)
Yahoo
23-07-2025
- Business
- Yahoo
Pontera Applauds Texas Regulator's Best Practices on Data Aggregation and Held Away Asset Management
NEW YORK, July 23, 2025 /PRNewswire/ -- Pontera, the leading platform enabling secure management of held-away assets, today announced its strong support for the Texas State Securities Board's (TSSB) newly released best practices on data aggregation and third-party platforms. This development signals a growing alignment between innovative financial technology and regulatory priorities focused on investor protection and fiduciary responsibility. "Pontera applauds The Texas State Securities Board for providing clear guidance that prioritizes investor choice and protections," said Ben White, Senior Director of Public Policy. "Pontera's technology is purpose-built to empower advisers to deliver comprehensive planning, while upholding the highest standards of security and transparency. We believe this guidance affirms the value of responsible innovation in financial services that benefits American workers." Pontera supports advisers' efforts to align their practices with their regulators' expectations. TSSB's guidance provides clear steps advisers can take when using Pontera, including: Engage in strong due diligence about Pontera's capabilities Assess Pontera's industry-leading cybersecurity practices Maintain auditable records of activities performed on Pontera's platform The market for 401(k) advice is growing quickly, as wealth management firms and 401(k) providers offer advisory services for many Americans' largest retirement assets. People routinely pay their 401(k) and managed account providers for personalized advice, but many want their own personal adviser to manage their accounts for them. Pontera breaks down these barriers, enabling people to have their own adviser manage their 401(k) account. "TSSB is providing a model for guidance that supports advisers' ability to meet fiduciary standards when they select and use these tools. Financial advice is highly personal, and Pontera looks forward to working with regulators who support retirement savers seeking personalized advice," added White. About PonteraPontera is a fintech company on a mission to help millions of Americans retire better by enabling their financial advisors to manage, rebalance, and report on clients' assets in 401(k)s, 403(b)s, and other workplace-sponsored accounts. The company's secure, purpose-built platform, seamlessly integrated with advisors' portfolio management tools, is designed to work across many account types and help advisors deliver comprehensive investment management and improve financial outcomes. Founded in 2012, Pontera is headquartered in New York City. Learn more at Media ContactSarah Levine, Pro-pontera@ View original content to download multimedia: SOURCE Pontera Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
11-07-2025
- Business
- Business Insider
Waze cofounder shares his No. 1 piece of retirement advice
Despite building two companies that sold for at least $1 billion, Waze cofounder Uri Levine isn't a big spender, he says. While he invests his time and money in startups, he lives in a rental apartment and says he doesn't own a yacht. " I don't need more money," Levine told Business Insider in an interview, adding that he has "a very simple life," and finds his work fulfilling. Levine is a big advocate for investing, though. In 2012, he cofounded Pontera, a company that develops financial advisor software to help manage 401(k)s. "Retirement saving is a big problem," Levine said in an interview with Business Insider, adding that millions of Americans don't invest correctly. His No. 1 piece of retirement advice is simple: Start thinking about saving at 18. "The nature of the beast is very simple," Levine said. "When you're young you don't care, and when you become older and you start to care, it might be too late." He said retirement will be significantly easier if individuals start putting aside money earlier. "The compound effect of their return is the one that is going to make the difference," Levine said. Compounding interest is a financial concept that refers to when interest earns interest and accelerates the growth of investments and savings over time. Many older Americans seem to agree with this advice. In a recent survey of 4,500 retirees and interviews with more than 200 older Americans, BI's Noah Sheidlower found that most emphasized starting early to take advantage of compound interest. That said, the recommended amount of money you set aside for retirement can vary. For example, Fidelity advises saving 10 times your salary by 67, while T. Rowe Price recommends saving between 7.5 and 13.5 times your income by age 65. Financial practices like the 50/30/20 rule suggest allocating 50% of your income toward necessities, 30% toward discretionary spending, and 20% toward savings and debt repayment. "The most important part? Don't overlook it," Levine said. "Start as early as you can and if you need, go and speak with financial advisor."
