Auctus Whitepaper


Across the globe, individuals and governments face the reality that people are not saving enough to meet their retirement needs. We are living longer, and the implications of longevity are broader and more urgent than many of us are willing to acknowledge. Globally, life expectancy has grown by nearly 50% since 1950 and 30% since 1980 alone . These changes are occurring at a time when the need for financial advice has never been greater, as savers grapple with global and geopolitical uncertainty, prolonged low and negative interest rates, and longer lifespans.

Retirement savers are often left out of decision making. They are inadequately addressed and feel disenfranchised. In addition, they are not offered the transparency needed to be well informed and are treated in a paternalistic manner.

Furthermore, client preferences have changed. A recent Accenture study found that clients increasingly prefer to have a mix of robo and human advisory. In addition, they feel more and more comfortable to tailor their own portfolios.

However, for many retirement savers, creating a saving portfolio can seem like an overwhelming task. In recent years, dedicated, but local retirement plan services like Betterment and Wealthfront or Nutmeg have addressed this need for tailored, transparent and robo-advisory driven retirement portfolios.

At Auctus we believe we can even go a step further, cutting out all middlemen by utilizing blockchain and smart contracts, as well as allowing retirement savers to aggregate their entire retirement savings, from regulated 401k/IRA plans, voluntary traditional investments as well as cryptocurrency investments. This holistic approach allows running analytics and robo-advisory on the entirety of savings, enabling the retirement saver to take better decisions and ultimately reach their saving targets faster.

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Auctus

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