Case Study: Jemstep achieves scalable, accurate robo-advice for 10,000+ users and $2B+ assets with Xignite Market Data Cloud

Jemstep - Customer Case Study

Jemstep, founded in 2008 in Los Altos, builds digital wealth-management tools to give everyday investors comprehensive, unbiased retirement advice. To deliver its Jemstep Portfolio Manager—personalized buy/sell recommendations and ongoing portfolio rebalancing—the company needed highly accurate, comprehensive, and easily integrated market data to power complex modeling, analytics and continuously updating client advice. Existing vendors were costly or limited, creating a critical data challenge for the product.

Jemstep solved this by adopting Xignite’s Market Data Cloud and APIs, which provided the required data accuracy, flexibility, ease of integration and lower cost. The platform now supports 10,000+ users with over $2 billion in assets, nearly 20% of clients have acted on individual recommendations, and the average investor who follows Jemstep’s advice is projected to have an additional $585,000 for retirement; Jemstep continues to monitor and rebalance portfolios and plans to expand its offerings.

Jemstep

Kevin Cimring

Co-Founder And Joint CEO