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What is Savology?
Savology is a digital financial planning and financial wellness company. Our mission is to increase the financial security of millions of American households by making financial planning and wellness more accessible, more actionable, and more effective than ever before.
Who is Savology for?
Savology was built for the everyday person as a way of making financial planning more accessible. Savology provides planning for households that are in the accumulation phases, meaning those who are still earning and saving and are not yet in retirement. Savology is especially applicable for those between the ages of 18 and 60 and those making $25,000 to $250,000 per year regardless of marital status or family size. While a Savology plan is most commonly a first financial plan, it can serve as a second opinion or a financial progress tracker for those who already have another plan.
How long does it take to build a plan?
Most people are able to complete all the information needed to build their plan in about 5 minutes. If someone is less familiar with their personal finances it may take a bit longer. After answering the questions in the survey, Savology generates a personalized financial plan in a matter of seconds. Financial planning, however, is a marathon, not a sprint. So even though a plan can be created upfront quickly, it can take time to implement the recommended changes. Meanwhile, the plan updates continuously to reflect ever-changing financial situations and recommend new actions.
What does Savology do with personal information?
Savology keeps information private and does not sell any user information. Savology uses the information gathered in the survey to build comprehensive plans and provide the most relevant and accurate recommendations possible. Savology limits the personally identifiable information collected by not asking for sensitive information such as a last name, social security number, date of birth, or account numbers when building a plan. For those who sign up for Savology through a partner, there are additional considerations. It is important to note that a connected financial advisor would have access to information. Savology does not, however, share sensitive information with Employers beyond account status and aggregate group metrics.
Is Savology secure?
Savology uses industry best practices to keep information and our systems secure. Savology limits the personally identifiable information collected by not asking for sensitive data like last name, social security number, or date of birth when building a plan which further minimizes risk.
