Hive Wealth, a financial planning company headquartered in Maryland, today announced enhancements to its mobile app. The company strives to eliminate the racial, generational and gender wealth gap within the next two decades with its app that serves as a digital family office for the next generation of savers.
The company’s latest updates include enhancements to Bee-AI, its assistive chatbot that now leverages proprietary models to deliver more personalized and data-driven solutions that can help members reach their financial goals. With the latest update, the tool will generate customized financial legacy letters and dynamic financial goals like retirement savings targets, as well as initiate monthly member check-ins.
At the core of Hive Wealth’s offering is the “hive,” a member’s community of financial peers that serves to make their unique wealth journeys more engaging. Within these communities, members can connect with others and share insights and inspiration as they work to redefine their financial relationship. The 3.0 update includes expanded hives, having grown beyond grouping gig workers, entrepreneurs and professionals to encompassing spaces for more individualized titles, such as bootstrapped visionaries, emerging professionals and steady executives.
“We designed 3.0 to serve as the next major innovation in wealth management for the digitally savvy consumer,” Yvette Sadler Butler, Hive Wealth’s founder and CEO, said in a statement. “This release not only improves current functionality with enhanced customization, it also sets the stage for future innovations to meet the needs of our growing member base to set them up for long-term financial success.”
Hive Wealth’s app is available for download on Android and iOS devices. The company also offers a subscription tier, granting members full access for $54 per year.
