Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Business Finance

DRAFT: the investing app for people who think investing apps are stupid

DRAFT seeks to expose transaction fees and help you compare yours to people nearby – it makes investing accessible to all.

draft investing app

DRAFT takes they mystery out of investing

Austin is kind of a big deal right now. The innovative technology coming out of the area is receiving a lot of praise. Austin’s new investment application startup company, DRAFT, is no exception.

bar
In an industry that is quite a mystery to many, DRAFT has taken it upon themselves to reveal these intricacies. Jason St. Peter and Brad Lawler, Austin locals and DRAFT founders, have teamed up to build an online investment portfolio management tool that will allow people to learn from each other. They want to help you make an educated decision when determining your investment goals.

“The investment industry is broken”

Jason St. Peter, DRAFT CEO explains in a statement, “The investment industry is broken and we all know it. This mobile app, DRAFT, will put knowledge and insight back into the hands of the investor, and with knowledge comes the power to fix what is broken.”

DRAFT is particularly interested in exposing the high fees you are paying compared to others in your community, so you can make an informed decision on just how much these fees are eating up your return. That way you know you aren’t getting ripped off. They suggest taking the money you’re paying in arbitrary fees and investing it.

Perfect for professionals and laypeople

The app takes crowdsourced data and sheds light on how you measure up compared to others in your community with regards to asset allocation and more. It will also use this crowd sourced data to identify beneficial investment opportunities.

Advertisement. Scroll to continue reading.

The app will be valuable for professionals in the industry as well as the average person looking for tips to manage their own investments or to gain some understanding before going in to discuss their portfolio with their investor. They’re already making strides, even making it into the 2015 SXSW Interactive Startup Spotlight last month.

DRAFT will soon be rolled out to everyone, but they currently have a waitlist for those wanting to be first in line to experience DRAFT while they’re still in beta.

#DRAFTapp

Written By

Emily Crews is a staff writer at The American Genius and holds a degree in English from Western Kentucky University. Reading, music, black coffee, and her two little girls rule her life. She sees herself one day running a tiny bookstore at the end of the Earth. In the meantime, she is thrilled to write for AG and also does copy editing (team Oxford comma) to keep her brain from turning to mush.

4 Comments

4 Comments

  1. robert

    May 1, 2015 at 7:51 pm

    the sign up does not work! When I click on ‘your email’ or the ‘join waitlist’ tabs/banners nothing happens. Please help since I would like to get on the list.

    • Kacy

      June 8, 2015 at 2:51 pm

      If you still have not been able to join.. All you need to do is go to draftapp.com and enter a valid email into the white box saying "your email," then you click the gray box that says "join wait list." You should then receive an email which you must confirm to officially join the beta wait-list.

      I hope this has helped. If you have anymore issues please shoot me an email at kacy@draftapp.com and I'll be glad to sort it out.

  2. lucas

    May 14, 2015 at 7:25 am

    I signed up for this a few days ago and am still on the waiting list. Really interested to see if it lives up to its potential.

  3. Pingback: Neighborly: invest in your neighborhood, see returns on those dollars - The American Genius

Leave a Reply

Your email address will not be published.

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Tech News

Get a first look at upcoming tools and tech with Google's new AI Test Kitchen, a curated space where users can try out beta...

Tech News

If you have files on Amazon Drive, the service is being sunset soon - better back those files up.

Tech News

If you open Gmail today, things might look and act differently, but the changes are being well received - here's what's new.

Tech News

Tech companies like Slack, JPMorgan, and Zoom are more open to hiring those with criminal records. Why should you follow their lead?

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.