Public Partners with Capitalize to Simplify Retirement Savings

Public partners with Capitalize to simplify 401(k) rollovers, enabling seamless IRA transfers and enhancing retirement savings for members.

Investing platform Public has partnered with Capitalize, a digital retirement account transfer service, to make it easier for Americans to consolidate their retirement savings. Furthermore, the collaboration integrates Capitalize’s Rollover API into the Public’s platform, streamlining the process of transferring legacy 401(k)s into Individual Retirement Accounts (IRAs).

So, with this integration, Public members can now transfer old 401(k)s into IRAs directly within the Public platform. By embedding Capitalize’s Rollover API into its onboarding process, Public has transformed what was once a complex, months-long process into a seamless, digital experience. Members can also quickly locate old 401(k)s and submit rollover requests without the usual paperwork and delays.

Public Partners with Capitalize to Simplify Retirement Savings

This new feature eliminates the confusion and hassle often associated with rollovers. It also accelerates asset growth on the Public’s platform by keeping all investments in one place.

“Many of our members have left behind 401(k)s at former employers, and we know they want to consolidate them at Public,” said Stephen Sikes, COO of Public. “We view Capitalize’s Rollover API as a no-brainer solution that helps our members roll over in a simple, user-friendly way to easily consolidate their retirement accounts at Public.”

Capitalize CEO and Co-Founder Gaurav Sharma expressed enthusiasm for the partnership, stating, “We’re very excited to partner with Public and help its members take control of their retirement savings. Institutions like Public continue to innovate the investing experience in America, and partnerships like these are critical as we work to help more Americans better save for retirement by easily finding and transferring their retirement savings into one place.”

Public joins a growing list of financial institutions leveraging Capitalize’s Embedded Rollover API to expand retirement services and enhance user experience. Moreover, the new rollover feature will be available to U.S. Public members in the coming weeks.

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