Adam Nash, the former chief executive of digital financial advice company Wealthfront, has joined the board of U.S. micro-investing app Acorns.
Nash, who stepped down from his role at Wealthfront in December, will advise the investment startup as it expands its breadth of products aimed at helping younger investors save.
The company also said it had appointed Shlomo Benartzi, professor and co-chair of the Behavioral Decision-Making Group at the University of California, Los Angeles, to its board.
Benartzi will help the company understand what drives saving so that it can design better products.
About Acorns- Based in Newport Beach, California, Acorns rounds up purchases from clients' card transactions to the nearest dollar and automatically invests the change into portfolios of low-cost exchange-traded funds.
- Launched in 2014.
- The startup currently counts more than 1.6 million investment accounts.
- Investor include payments company PayPal Inc and Japanese e-commerce company Rakuten.
