Range

Exciting news from Range! We've raised $28 million in Series B funding led by Cathay Innovation, with Gradient Ventures and others joining in, bringing our total funding to $40 million. At Range, we're reimagining wealth management through a technology-first approach for a new generation of consumers. In just two years, we've attracted over 1,000 high-net-worth members and nearly $3 billion in assets under advisement. With this new capital, we're accelerating product development and scaling our engineering teams to enhance our platform. If this growth excites you, check out our open roles: https://buff.ly/3Ox7ysB. We're growing fast and looking for exceptional talent to join us. Read the full press release here: https://buff.ly/3Z3AOw1

Let's break down how a "small" 1% AUM fee can impact your wealth over time: Starting Portfolio: $500,000 Annual AUM Fee: 1% = $5,000/year Fast forward 25 years... 📊 Portfolio with 1% AUM Fee: $2.15M 📈 Portfolio with 0% AUM Fee: $2.71M The difference? Nearly $560k lost to fees! The real impact comes from the power of compounding — but in reverse. These fees don't just reduce your returns for one year; they continuously eat into your investment base, affecting all future returns. That's why even a "small" 1% fee can significantly impact your long-term wealth growth. #WealthManagement #FinancialPlanning #InvestmentFees #PersonalFinance

If your household income exceeds $240,000 in 2024, IRS regulations prevent you from making direct contributions to a Roth IRA. Did you know there's a workaround to this limit that many high earners take advantage of every year? Here's how it works: 1️⃣ Make a non-deductible contribution to a traditional IRA. Your contribution should be after-tax dollars up to the annual limit. 2️⃣ Convert that traditional IRA to a Roth IRA immediately after making the contribution. The kicker? If the traditional IRA you're converting only contains the after-tax contribution you made, your conversion typically does not attract any additional taxes. Why? Because you've already paid tax on those contributions. #InvestmentTips #RothIRA #HighIncomeSolutions

“As a service, Range has been excellent. The plans are easily visible and actionable, the taxes were seamless—from that standpoint, we’ve been 110% satisfied.” -Raven and Isela Our mission is to simplify your complex financial picture. But we're going about it in such a different way than you'd expect from traditional wealth management. Learn how we're doing it at Range.com. #WealthManagement #FinancialPlanning #taxes

Many people think of hedge fund managers as aggressive risk-takers, always chasing big wins with bold moves. But the reality? They’re often the opposite. Hedge fund managers tend to be deliberate, cautious, and focused on isolating precise opportunities while hedging unnecessary risks. Curious about what this could mean for the next four years with Scott Bessent as Treasury Secretary? Watch the full interview with Taresh Batra, VP of Investments, on our blog. #EconomicGrowth #HedgeFunds #treasurysecretary

Here's what you missed last week 👇 📊 Economic Updates: The Consumer Price Index (CPI) rose 0.3% in October and 2.7% year-on-year, with core CPI up 3.3% annually. Key drivers? Shelter, food, and used car prices. Grocery prices also saw their largest jump (0.5%) since January 2023. 🛒🏠🚗 🚀 Big news from SpaceX: Its valuation has hit a staggering $350 billion after a recent tender offer, with its per-share price skyrocketing from $112 to $185 in just three months. SpaceX is now the world’s most valuable private startup—and it would rank among the top 25 in the S\&P 500 if public. 💰 Meanwhile, Elon Musk’s net worth surged by $50 billion, crowning him as the first individual to reach $400 billion. 💻 Alphabet’s stock soared nearly 12% after announcing Willow, a new quantum computing chip. This added $253 billion to its market cap, reflecting optimism about quantum computing's potential in fields like drug discovery and battery design. However, Google's Quantum AI lead notes practical applications are still years away. 📈 Even with this growth, Alphabet remains undervalued compared to peers, trading below 20x projected earnings, while companies like Meta and Apple trade at higher multiples. Major shifts in tech, finance, and the economy—what are your thoughts? Let’s discuss! ⬇️

Welcome new Ranger, Yosef Ghebray, CFP®, to the team as a Financial Planner! Yosef spent the last 9 years working at Merrill Lynch, Fidelity, and Betterment as a trusted Financial Advisor. When he's not crunching numbers and planning finances, he's lacing up his running shoes for a good exercise or exploring the local farmer's markets with his wife and furry companion. He also loves to travel, which gives him fresh perspectives, fueling his personal and professional growth. Now, as part of the Range team, he's enthusiastic about merging financial planning with advanced technology, crafting innovative solutions to help you achieve your financial aspirations. Welcome Yosef Ghebray, CFP® 👋 #MeetTheTeam #FinanceExpertise #NewRanger

🗓️ Year-end tax planning tips for high-net-worth households. Here’s what you need to know 👇 • Deductions: Consider accelerating or deferring charitable contributions and medical expenses based on your income projections • Donor-advised funds: A smart way to bunch charitable giving and reduce your tax burden if you're itemizing • Gift tax benefits: Take advantage of annual exclusions - $18k per recipient or $36k per couple, tax-free • Tax-loss harvesting: Consider selling investments currently at a loss to offset large capital gains incurred during the year. #taxplanning #wealthmanagement #financialplanning #taxes2024

Four years ago, our co-founders Fahad Hassan and David Cusatis had a bold vision. It started with a few calls to trusted investors, an ambitious idea, and some Google Docs. Within a few minutes, they had raised nearly $4M in seed funding, and set out to reshape how households manage their wealth. The journey hasn’t been easy — starting a company is never smooth. From launching in the middle of a pandemic to navigating personal and professional challenges, the road has been unpredictable. Yet, we’ve built, refined, and rebuilt Range with the unwavering support of our investors, founding team, and the growing community of Range members who share our mission. Today, where do we stand? → $40M raised → 1,200+ customers → Millions in revenue → Nearly 50 incredible Rangers on the team As Fahad reflects on these past four years, one thing is clear: this journey has always been about more than numbers. It’s about creating real impact and reimagining what the future of wealth management looks like. Here’s to everyone who’s been part of this story—from day one to now. This is just the beginning 🙌 #StartupLife #WealthManagement #RangeTurns4 #ThankYou

A quick guide to understanding how equity compensation is taxed 👇 RSUs (Restricted Stock Units) - Simple equity that becomes yours after vesting, no purchase needed - Taxed as income at vesting, then capital gains/losses when you sell Stock Options (ISOs & NSOs) - Right to buy company shares at a fixed price, comes in two types: ISOs (tax-advantaged) and NSOs (simpler) - ISOs require longer holding periods for best tax treatment, while NSOs are taxed as income at exercise ESPPs (Employee Stock Purchase Plans) - Buy company stock at 10-15% discount through payroll deductions - No taxes at purchase, but hold 2+ years from offering date for best tax treatment