Northwestern Mutual offers personalized financial planning, life insurance, and investment services, leveraging leading-edge technology to manage over $125 billion in client assets for more than 4.5 million clients.

Fintech

Financial Services

Northwestern Mutual

After closing $15.6 million in 2023, Chicago startup Drift Net continues to land new funding. Learn more here.

Drift Net lands new funding, adds manufacturing facility to make schools safer

The retirement number for American workers just shot up even as their savings went down. Americans age 18 and older anticipate they will need $1.25 million to retire comfortably, a 20% spike since 2021, according to Northwestern Mutual’s 2022 Planning & Progress Study released Tuesday. The expected retirement age rose to 64, up from 62.6 last year

Americans Expect To Work Longer, Save More For Retirement, Survey Shows

On heels of record year, Northwestern Mutual recognized as industry standout by major ratings agencies. MILWAUKEE, Aug. 30, 2022 /PRNewswire/ -- Against the backdrop of surging inflation and low consumer sentiment across the country, Northwestern Mutual's financial strength and consistency continue to set the company apart. This week the company announced it has once again maintained the highest available financial strength ratings that can be awarded within the industry

Northwestern Mutual In Elite Company With Highest-Available Financial Strength Ratings

Northwestern Mutual is unveiling a new national brand campaign – “The Great Realization” – “where an individual’s priorities come into sharp focus, prompting them to rearchitect their life and pursue what matters most.” The campaign launches today across TV, digital and social media platforms. “The Great Realization” experience is further validated by a national survey the company fielded in July 2022, among people aged 26-57. The findings revealed:

Northwestern Mutual Unveils “The Great Realization” Brand Campaign, Announces New Cmo

VRGL, a Client Acquisition and Investment Proposal Management solution, today announced the completion of a strategic fundraising round. The round was

VRGL Closes New Funding Round to Continue Rapid Growth

Northwestern Mutual announced the launch of Long-Term Advantage, a new offering designed to help people pay for long-term care needs – which, if ultimately not needed, will instead provide a life insurance benefit. The offering, which also has a guaranteed premium and will not be subject to rate increases, features a variety of benefits, including:. Long-term care benefit: Six years of guaranteed coverage for qualified long-term care expenses, plus the potential for up to 10 years of total coverage

Northwestern Mutual Launches New Long-Term Care Product

Wellthi, formally known as Invest Sou Sou, is looking to make a big splash in 2023 with an oversubscribed seed round to support its money-management platform focused on the Black community.

D.C. fintech Wellthi raises $2.1M from Northwestern Mutual, Zeal Capital Partners

U.S. adults who carry personal debt held an average of $22,354 exclusive of mortgages at the start of the year, when inflation was already on the rise but before the latest spikes. MILWAUKEE, Sept. 20, 2022 /PRNewswire/ -- At the early part of this year, personal debt among U.S. adults aged 18+ was on a three-year downward trajectory, according to Northwestern Mutual's 2022 Planning & Progress Study

Personal Debt In America Had Dropped 25% In Three Years

Carefull, a fintech platform that aims to help banks protect older customers from fraud, scams and “money mistakes,” today announced that it raised $16.5 million in a Series A round led by Fin Capital with participation from TTV Capital, Bessemer Venture Partners, Commerce Ventures, Montage Ventures and Northwestern Mutual.Bringing the company’s total funding to $19.7 million, co-founder and CEO Todd Rovak says that the proceeds will be put toward expanding NYC-based Carefull’s network of partners, product development and integrating with additional wealth and banking customers.“The rise in usage of digital channels has increased the threats to older adults,” Rovak said. “The pandemic, which forced geographically-dispersed families to assist with and coordinate money issues digitally, is a catalyst for Carefull’s growth, given the issues and threats behind Carefull’s value proposition.”Seniors — for a whole host of reasons, some circumstantial, some health and socioeconomic — are more vulnerable to financial fraud and scams. Studies have calculated that older people lose anywhere from $2.9 billion to $36 billion each year from financial exploitation.There’s no one way to combat money scams targeting older people, especially considering that the vast majority of scams — as high as 72% — are perpetrated by individuals known to the victims, like family members, friends or advisors. But Rovak asserts that his platform, Carefull, can be a useful tool in the broader arsenal of fraud prevention tech.Rovak co-founded Carefull in 2019 with Max Goldman, an old friend and fellow entrepreneur. The former head of Capgemini’s advisory business in North America, Rovak previously launched the product design and development firm Fahrenheit 212, which was acquired by Capgemini in 2016. Goldman, for his part, co-founded Directr, a video creation platform, and spent several years at Google helping to build out the tech giant’s video ad creation business.“We recognized that, today, the bulk of financial innovation and investment is directed to solve the patterns and problems of millennials and Gen Z,” Rovak said

Carefull Lands $16.5M To Shield Seniors From Financial Fraud

Provides financial security services, and wealth management

Northwestern Mutual

Provides financial security services, and wealth management

Northwestern Mutual

Provides financial security services, and wealth management

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