All Posts By

Jean Borno

Nov 19
1

1787fp Named Top 10 Wealth Management Technology Solution Providers for 2018 by Banking CIO Outlook

By | News

ARLINGTON, VA. (PRWEB) NOVEMBER 16, 2018

1787fp announced today that it was selected as one of the “Top 10 Wealth Management Technology Solution Providers” in 2018 by Banking CIO Outlook.1787fp announced today that it was selected as one of the “Top 10 Wealth Management Technology Solution Providers” in 2018 by Banking CIO Outlook. 1787fp was selected for this award based on the company’s revolutionary mobile digital wealth management platform that helps young professionals take control of finances and save more money.

1787fp is an “award-winning” digital wealth management platform. Millennials and young professionals use the 1787fp platform to track their finances, build optimal portfolios, and work towards financial independence.

“We are honored to be named a Top 10 Wealth Management Solutions Providers for 2018,” said Jean Borno, CEO of 1787fp. ” It is a clear validation of our vision to democratize financial planning and investments.”

1787fp serves the over 80 million underserved millennials in the United States. 1787fp plans to build an enterprise version of its software for select strategic partners, innovative companies, and financial services firm. “Some forward-thinking companies want access to our cutting-edge software and are exploring offering the 1787fp platform as an employee perk to supplement their human resources benefits package. Making sense of 401k plans, hr benefits, and retirement planning can be extremely challenging. 1787fp is developing planning tools to streamline and coordinate these task,” says Borno.

About 1787fp

1787fp is a fintech company that makes it easier for investors to work toward financial independence and take control of their finances. 1787fp combines three powerful financial management tools — finance tracking, investment management, and credit monitoring — in one unified platform. 1787fp is building financial tools to help consumers make smart money decisions.

1787fp showcased its next-generation financial planning mobile app at TechCrunch Disrupt NY 2017 Startup Alley Fintech and Payments on May 15-17, 2017. 1787fp was one of the 20 ventures selected for the coveted South by Southwest Startup Spotlight (SXSW) in March 2017 in Austin, Texas. 1787fp won the Press/Media Favorite at FinDEVr Silicon Valley 2016 on October 2016.

About Banking CIO Outlook

Banking CIO Outlook is a comprehensive portal for professionals to access information regarding the trends, opinions and relevant discussions pertaining to challenges faced by the banking industry. The magazine constantly endeavors to identify “The Best” in a variety of areas important to the banking industry. The monthly magazine, published from Fremont, California features CIOs, IT VPs, CTOs, CISOs and other decision-makers with their opinions and suggestions that is helping clients deal with the issues in the banking industry. More information is available at http://www.bankingciooutlook.com.

For inquiries, contact marketing(at)1787fp(dot)com.

Jan 01
1

By | News

Arlington, VA − January 1, 2018 | 1787fp’s Founder and CEO, Jean Borno, was selected a 2017 Rising Entrepreneur of the Year by The Technology Headlines Magazine!

Jean Jacques Borno: Building the Values of Entrepreneurship to Succeed Together

The global financial industry is growing at an exceptional speed with more and more business now looking to invest in financial services to build and maintain wealth. But, the financial industry is also highly regulated, and even with the right technologies, people need the right help to make sense of hundreds of rules, regulations, and guidelines. Middle-class and emerging investors miss out on new opportunities as they struggle to pay the high minimums big brokerage firms and banks require. 

Here a link to the full article: https://goo.gl/HoiKRu

Nov 28
1

Fintech startup 1787fp selected as a presenter at the 2017 youngStartUp Ventures: New England Venture Summit

By | News

ARLINGTON, Va. — Nov. 28, 2017 — 1787fp was selected as a presenter for the youngStartUp Ventures: 2017 New England Venture Summit in Boston, Massachusetts, in December.

“We are looking forward to sharing 1787fp’s vision and highlighting 1787fp’s innovative fintech software,” said 1787fp’s founder and CEO, Jean Jacques Borno, CFP®. “We are eager to learn from some of the top VCs, angel investors, and technology experts.”

1787fp builds powerful financial planning tools to help investors streamline their finances and save more money.

1787fp was founded by Jean Jacques Borno, CFP®, at the University of Virginia Darden Graduate School of Business. Borno is a CERTIFIED FINANCIAL PLANNER professional with more than 15 years of experience in financial services, and he has been named a 2015 and 2016 Washington Post “Washington, D.C., Five Star Wealth Manager.”

About New England Venture Summit
The 12th annual New England Venture Summit, presented by youngStartup Ventures, is the premier industry gathering that connects venture capitalists, corporate VCs, angel investors, technology transfer professionals, senior executives of early-stage and emerging growth companies, university researchers, incubators, and premier service providers.

About youngStartup Venture Summits

youngStartup’s Venture Summits (YSV) connect the most innovative, promising venture-backed, emerging growth and early-stage companies with active investors, investment bankers, advisors, and corporate professionals.

The summits feature insightful discussions, the newest technologies and latest trends currently shaping the future. YSV understands how important it is to meet the right people and network with like-minded individuals. The New England Venture Summit sponsored by youngStartup Venture ensures that only the most cutting-edge companies and relevant investors are present.

About 1787fp
1787fp is a fintech company that makes it easier for investors to work toward financial independence and take control of their finances. 1787fp combines three powerful financial management tools — finance tracking, investment management and credit monitoring — in one unified platform. 1787fp is building financial tools to help consumers make smart money decisions.

1787fp showcased its next-generation financial planning mobile app at TechCrunch Disrupt NY 2017 Startup Alley Fintech and Payments on May 15-17, 2017. 1787fp was one of the 20 ventures selected for the coveted South by Southwest Startup Spotlight (SXSW) last March in Austin, Texas. 1787fp won the Press/Media Favorite at FinDEVr Silicon Valley 2016 on October 2016.

For inquires, contact marketing(at)1787fp(dot)com.

Nov 13
4

1787fp Blog #2 | Customers We Can Best Help

By | Blog

1787fp Blog #2| Customers We Can Best Help

by Jean Jacques Borno, CFP® | Founder and CEO 1787fp

“A journey of a thousand miles begins with the first step.”

−Lao Tzu

When I worked as a financial advisor at Merrill Lynch, one of my clients referred a young husband and wife to me. Both were physicians. Even though they had bright financial futures, because they were just starting their careers, they did not qualify for the investment minimum imposed by my firm. However, I thought I could, and wanted to, help them.

Inside Broker Compensation / Broker Compensation Tradeoff

Although a potential customer may fall short of the investment firm’s required minimum investment, sometimes it makes sense to delay gratification and help guide these emerging customers. In these cases, brokers invest their efforts in a less profitable relationship with the understanding they will receive reduced compensation or no compensation at all. It takes vision to see that today’s small customers with the right financial coaching can grow to become tomorrow’s great customers.

Working Toward Financial Independence

They had a good income. They wanted to pay off their student loan debt, save for their future, and start saving for their son’s college tuition. They were looking for innovative financial strategies to reduce their taxes.

I felt they would become great clients over time, and they did. We set up a plan to pay off their student loans and save for retirement. We put together a financial plan and began an automatic savings plan.

Next Seven Years | Discipline and Focus

Over the following seven years, we navigated investing in bull and bear markets. We had a plan, and we stuck to it. By taking a disciplined savings approach and investing for the long term, the clients were able to reach their financial goals. They paid off the student loans, built a $1 million+ portfolio, and built a college education plan for their son.

Build a Secure Financial Future | We Can Help You

If you are ready to take control of your finances and start working toward financial independence, the 1787fp app can help you. The 1787fp app has a gorgeous design and robust financial planning tools that are fun and easy to use.

The 1787fp app incorporates three powerful financial tools – track your finances, manage your investments, monitor your credit − on a single, unified platform.

Whether you are an engineer, an MBA grad, a medical school grad, a lawyer, a consultant, or an entrepreneur, you can benefit from the 1787fp app. If you are too busy advancing your career to properly manage your finances, the 1787fp app will save you time.

Our best customers are people who are busy advancing their careers. Many work between 50 and 80 hours a week, and are always looking for ways to get more free time.

Stop Wasting Time

Are you tired of logging on to multiple websites to track your finances? Are you frustrated with using a calculator, pen, and paper to balance your budget? The 1787fp app can help you do all that and streamline your finances!

Properly managing your finances takes a lot of time. Last summer, we conducted the 1787fp Wealth Management Survey and found that the average person is using more than seven financial websites and apps to manage his or her personal finances.

What Options Are Available Today?

There are many tools, websites, and apps that address different functions of financial management. What sucks is that none of these systems talk to each other. There has got to be a better way.

What We Do

At 1787fp, we have found a better way. We build powerful financial planning tools to streamline your finances and make investing easy.

What Do New Investors Want?

What is the best way to invest that first signing bonus or your year-end bonus? Should you maximize your 401(k), or should you save to buy your first house? Should you buy or lease a car? Some of the tools we are designing help answer these questions. But we need your help. Send us your most pressing financial questions so we can evaluate the top requests and start developing new tools to meet those needs.

Input Needed From 1787fp Member Community

We rely on our member community. We have a theory about what we think works, but in order to build products customers love, we need your input.

We hope you will join us on this journey to build a company that matters. If you find our blog helpful, please share it with your friends, family, and co-workers.

Do you want to geek out on your planning and financial tracking? Send us your feedback, and help us design more great products. Do you have an idea for our next blog? Do you have a financial planning question? Send an email to us at marketing@1787fp.co.  

Jean

Jean Jacques Borno, CFP®

1787fp | Founder and CEO

www.1787fp.co

marketing@1787fp.co

1787fp Blog #1 | Hello, world! Why I started 1787fp

Nov 03
2

Hello, world | Why I started 1787fp

By | Blog

Hello, world | Why I started 1787fp

by Jean Jacques Borno, CFP®

November 3, 2017

 

My Wealth Management Journey

Over the past 15 years, I have been fortunate to work as a financial advisor at some of the premier financial services firms, such as Merrill Lynch and Morgan Stanley. During that time, I was able to learn the wealth management business inside and out. Many big brokerage firms often targeted wealthy clients with $1 million or more of investable assets.

Wealthy clients and institutional investors have had access to the best advisors, money managers, and processes for years.

Rising professionals can’t afford high minimum investments

Many of my prospective clients were young attorneys, MBAs, engineers, doctors, dentists, and entrepreneurs, so they were busy advancing their careers. These rising professionals could not afford the high investment minimums imposed by many of the big brokerage firms and banks. However, with the right financial coaching and guidance, they were able to implement a disciplined savings plan and build sizable six-figure portfolios over time.

Learning the Craft

After I obtained my CFP® license four years ago, I thought that there had to be a way to offer middle-class and emerging investors the same systems that wealthy clients and large institutions have used for years to build and maintain wealth. I thought:

“Why should only the rich have access to wealth-building secrets, processes, and tools?”

In response, I founded 1787fp at the University of Virginia Darden School of Business in order to democratize the financial planning and financial services market.

At 1787fp, we want to help investors save more money and take control of their finances!

If we can get this right, we feel that we can help more people build a financially independent future.

Why I choose the 1787fp name

I am a big fan of the history of United States. The Constitutional Convention was held in in Philadelphia in 1787. The constitution of the United States was drafted at the convention, and the three branches of US government were formed.  From the original thirteen colonies to the fifty states today, the United States is arguably the world’s greatest startup. Over more than two hundred years later, the United States serves as a beacon for the world today.

“You’ve got to have a dream, if you want to have a dream come true.”

-Dennis Waitley

The FP in 1787fp is for financial planning. I believe applying financial planning principles and tools can help more people achieve their financial goals faster. Setting financial goals helps bring focus. Financial goals compete for your financial resources, so investors have to prioritize and make tradeoffs when planning. Your financial goals can serve as a “lighthouse” and help you focus and stay the course.

Studying Some of the Best Companies in the World

During my MBA studies at the Darden School of Business, I got a chance to analyze some great company titans, such as Netflix, Nordstrom, Google, JetBlue, Southwest Airlines, Apple, and Hubspot. One thing all of these great companies had in common was a strong culture of excellence, so I thought it was critical for us to build a mission-driven company. Together with my founding team, we have thought long and hard about how to build a company with a purpose.

Our Mission

Our mission is to improve the world by advancing financial services, technology, and entrepreneurship.

We hope you join us on this journey to build a company that matters. If you find our blog interesting, helpful, or inspiring, please share it with your friends, family, and coworkers.

Sincerely,

Jean

Jean Jacques Borno, CFP®

1787fp | Founder and CEO

www.1787fp.co

@1787fp

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