Range

Welcome new VP of Finance and Investments, Taresh Batra! We’ve been diligent in our search for leadership in the area of finance and investments, and we’re excited to introduce Taresh Batra. Taresh began his career in investment banking, spending his early years at UBS and Moelis. From there he went on to spend over a decade in the hedge fund industry, investing and managing multi-billion dollar portfolios for Trian, Glenhill, and Governors Lane. Following that, Taresh used his expertise to lead operations in the fintech space, acting as the VP of Finance and Strategy at Collective, a fellow Gradient and Expa backed venture supporting solopreneurs. Taresh's unique combination of Wall Street experience and startup operations makes him an invaluable asset for Range (and you) as we navigate the complex intersection of finance and technology. When not managing billions of dollars of investments, Taresh spends time chasing his two young kids around, reading fiction, and skiing (snow, not water). Winter is coming, so look for him on the slopes. ⛷️ On why he’s excited to be joining Range: “Range is the future of finance—a tech company that’s making high quality asset management more effective, more transparent, and far more accessible than it is today.” We are indeed the future. And we're excited to have Taresh help us build it! #wealthtech #disruptor #range #WealthManagement #FinancialAdvice #rangefinance #investing #finance #nowhiring #newjob #newhire

With a 50 bps interest rate cut, The Fed indicated we’ve made adequate progress in our multi-year fight with inflation and that it is now time to start supporting the economy. Powell attempted to message that he feels good about the economy—but he certainly took out an insurance policy to protect against a potential recession with a larger cut than was anticipated by most. In the wake of this cut, it appears that the Fed will now be switching its primary focus from price stability to the other part of their dual mandate—supporting maximum employment. In regards to the labor market, he noted that though it is still relatively strong, it “bears close watching.” The Fed also indicated that there’s more relief to come. They forecast cutting rates to 4.4% by the end of the year—which would put us well on our way to their prediction of hitting 3.4% by the end of 2025. If you have questions about how rate cuts could impact your financial situation, reach out to Range. Sources: https://lnkd.in/ewVFcfiu https://lnkd.in/dcW7rNgf #disruptor #rangefinance #stockmarket #finance #financialliteracy #financialeducation #inflation #news #headlines Disclaimer: This content is for informational purposes only and may not be relied on in any manner as legal, tax, regulatory, or investment advice. Range makes no representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein and nothing contained herein should be relied upon as a promise or representation as to past or future events. All investments involve a high degree of risk, including the possible loss of some or all of an investment.

Reminder: Q3 quarterly estimated tax payments are due on Monday, September 16, 2024 (one week from today). Normally, payments are due on the 15th, but since this falls on a weekend you have until end of day Monday. You can make your estimated tax payments online by visiting the IRS website, from your mobile device using the IRS2Go app, or with Form 1040-ES by mail. https://lnkd.in/edWTJG4 You may be required to make estimated tax payments if: - You have significant net self-employment income or net rental income - You have substantial taxable investment income outside of formal employment and/or retirement accounts - You routinely have a large balance due when you file your tax return (typically caused by under-withholding on bonus payments or RSUs, for example) You're welcome! #wealthtech #financialadvisor #disruptor #FinancialAdvice #rangefinance #taxtips Disclaimer: This content is for informational purposes only and may not be relied on in any manner as legal, tax, regulatory, or investment advice.

Most people—even many financial advisors—are not familiar with QSBS, the Qualified Small Business Stock exemption. QSBS is designed to encourage investment in small, growing companies by allowing investors to exclude a portion or even all of the capital gains they realize from the sale of certain small business stocks. This means you could potentially exclude a significant portion (or even all) of the capital gains from your federal income in the year you sell the stock. For example, if you invested $100,000 in a qualified tech startup in 2012—and the company grew rapidly, increasing the value of the stock to $1M in 2023, you could sell that stock and exclude the entire $900,000 capital gain from your federal income taxes. As you can see, this exemption could have massive impact on your tax situation if it applies. For more details, and to better understand what qualifies for QSBS, check out our latest blog post—or talk to a qualified tax professional: https://lnkd.in/eA8yiDNQ #ipo #rsu #iso #qsbs #wealthtech #disruptor #range #WealthManagement #rangefinance #investing #stockmarket #buildwealth #financialliteracy #financialeducation #taxtips Disclaimer: This content is for informational purposes only and may not be relied on in any manner as legal, tax, regulatory, or investment advice. Range makes no representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein and nothing contained herein should be relied upon as a promise or representation as to past or future events. All investments involve a high degree of risk, including the possible loss of some or all of an investment.

Welcome new Ranger, Head of Tax & Compliance, Benjamin Snipes to the team! Ben (JD/MBA/LLM (tax)) brings with him 20-plus years of experience in legal, compliance and product roles at fintech startups and more traditional companies like Bloomberg, Wolters Kluwer and Orange. His combination of tax, law and product knowledge truly make him a unicorn. 🦄 When Ben isn't working at Range or raising his four young children, he loves traveling to unexpected places, working out, and reading epic science fiction and fantasy books. Interested in a good read, check out The Hyperion Cantos. #newhire #newjob #nowhiring #wealthtech #disruptor #range #rangefinance #tax #law #TaxLaw

As wild as the market has been over the last week, you have probably heard someone mention "buying the dip." This refers to purchasing stocks or assets after their prices have fallen—with the expectation that they'll rise again. Not rocket science. But also far from an exact science. To "buy the dip," investors typically look for quality or blue-chip stocks that have temporarily fallen in price. It's important to do your research. Choose assets with strong fundamentals—companies that are likely to recover. When “buying the dip,” timing is crucial; investors look for instances in which the market overreacts to negative news, pushing prices lower than they might otherwise go. As with any investment, buying the dip comes with risk. Markets can remain volatile, and prices might not rebound as predicted. This strategy can lead to losses if the dip deepens or if an investor misjudges the situation. "Buying the dip" can be a profitable approach if done wisely, but that is a big IF. And even the smartest investors don't get it right all the time. It's essential to understand the risks and be prepared for potential volatility before you jump into this strategy. If you have questions about buying the dips or your own investing strategy, reach out to Range. #wealthtech #disruptor #range #WealthManagement #rangefinance #stockmarket #stocks #investing #buildwealth #finance #financialliteracy #financialeducation Disclaimer: This content is for informational purposes only and may not be relied on in any manner as legal, tax, regulatory, or investment advice. Range makes no representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein and nothing contained herein should be relied upon as a promise or representation as to past or future events. All investments involve a high degree of risk, including the possible loss of some or all of an investment.

One underemployed financial tool available to many people is the HELOC. A Home Equity Line Of Credit. In a HELOC, your lender would agree to lend a maximum amount within a time period, with your home as collateral. After the draw period, there's a repayment period of 10-20 years, during which no further draws can be made, and the borrowed amount must be paid back. To set up a HELOC, it’s generally suggested that you have significant equity in your home (15-20%) The benefits of having a HELOC in place are flexibility, potential tax benefits (Interest might be tax-deductible if used for home improvements), lower interest rates, and increased home value (if HELOC is used for strategic home improvements). Common uses of HELOC funds include: - Home Improvements - Debt Consolidation - Education Expenses - Emergency Funds But uses of HELOC funds are not limited to those common situations. For more risk tolerant investors, you could use those funds to finance additional investments, whether it’s in the stock market or in alternative investments. Keep in mind, this is RISKY, because your house is collateral for the funds you are using. If you’re considering a HELOC, or have questions about how you’re thinking of using that capital, please discuss with a qualified expert. #realestatelife #housing #investmentproperty #financialeducation #financialliteracy #finance #buildwealth #WealthManagement #range #realestate #wealthtech Disclaimer: This content is for informational purposes only and may not be relied on in any manner as legal, tax, regulatory, or investment advice. Range makes no representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein and nothing contained herein should be relied upon as a promise or representation as to past or future events. All investments involve a high degree of risk, including the possible loss of some or all of an investment.

Another Range team week in the books. We're heading home fired up and aligned on our mission—and the strategy that will get us there. Huge thank you to all the Rangers who took time away from their homes and families—and to everyone who helped make team week a success. And a sincere thank you to the Range Members who took time out of their days to give the team feedback and answer questions about their experience. 🙌 It's an intense week, but always worth it to spend time with such an amazing team. Let's go! #teamweek #wealthtech #disruptor #range #rangefinance #nowhiring

Welcome new Ranger, software engineer, Elias Yishak to the team! Elias joins Range after spending seven years combined at IBM and Google (maybe you’ve heard of them). Elias is a full-stack engineer, and spent the last few years working on Flutter, an open-source development framework by Google. If you ever grab a coffee with him, ask him about his time at NASA. 🛰️ When not building software for some of the the world’s best companies, you can find Elias running and snowboarding—all around the world, as he love to travel to new places, most recently the south of France. 🇫🇷 On why he’s excited to join Range: “I’m excited to join a team that has potential to disrupt a very large industry while also making quality financial advice and planning more accessible.”

Thanks to Jelena Zec of Citibank for recognizing Range as a leader in the GenAI fintech space! "While these 'GenAI fintechs' may need to find ways to outmaneuver their incumbent competitors, we believe that there are several areas where they can win — and are already beginning to establish themselves... GenAI has the potential to help realize the long-awaited dream of 'self-driving money.' For example: Range, a consumer-focused wealth management platform, leverages AI-powered insights to provide personalized financial plans and recommendations." We'll continue to relentlessly pursue our vision and mission. Let's go! https://lnkd.in/eGcP-Q2X