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Wilshire Jason Schwarz

Wilshire Associates to launch asset allocation portfolios for MoneyLion members


Wilshire Associates (Wilshire) is to launch a series of asset allocation portfolios specifically designed for MoneyLion members.

MoneyLion was created to make money more approachable for all Americans, helping revolutionise the way they save, invest, and build their credit. This innovative offering in collaboration with Wilshire will provide an upgraded investment experience for MoneyLion members, enabling them to receive a portfolio that reflects their personal preferences and tolerance for risk.
“Our financial membership makes millions of Americans’ money work as hard as they do, and we’re always looking for new partnerships that allow us to create smarter products to help people build positive and sustainable financial habits,” says MoneyLion CEO and co-founder, Diwakar Choubey. “Hardworking Americans deserve access to financial tools that, until now, have only been available to the wealthiest individuals using traditional financial institutions. Our agreement with Wilshire is yet another step toward putting the power of financial stability and growth in the hands of the Americans who need it most.”  
MoneyLion will leverage Wilshire’s robust asset allocation and comprehensive fund monitoring capabilities to identify portfolios that meet the needs of MoneyLion members. For over 30 years, Wilshire has been advising some of the nation’s largest institutional investors, and today it advises on more than USD1 trillion in assets. Together, MoneyLion and Wilshire will level the playing field for individual investors, providing them access to the same world-class investment insights and unrivalled resources developed for Wilshire’s institutional client base.
“We are extremely pleased to partner with MoneyLion in the development of this unique offering, and to bring our deep institutional expertise in asset allocation to everyday investors,” says Jason Schwarz (pictured), President of Wilshire Funds Management and Wilshire Analytics. “Wilshire has a long history of providing preeminent, customised investment solutions to sophisticated investors around the world, and we look forward to working together with MoneyLion to deliver the same high quality products and services to MoneyLion members.”

In collaboration with MoneyLion, Wilshire has developed forecasts on asset class risk and return characteristics based on institutional data and trends, and it has used in-depth risk budgeting techniques to create a series of dynamic, forward-looking, risk-controlled portfolios. Wilshire routinely surveys and monitors a universe of over 2,000 ETFs, selecting only those that are well priced, highly liquid, most efficiently traded, and well established and that have demonstrable track records of closely replicating the returns of their benchmarks.
“This is an offering that is normally reserved for clients of larger wealth management firms or institutions and we are making the same offering more accessible for all investors. Where there are usually high minimums – we remove them, where concepts are confusing – we aim to simplify. We are removing the traditional barriers to investing to give our members solutions supported by a sophisticated partner that provides MoneyLion members with the ability to build their finances and pursue their financial goals,” adds Jon Stevenson, Head of Wealth Management and Banking at MoneyLion.

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