Since the inception of our company, responsibly minded investors have found value in the Newday consumer app as a tool to understand how investments can be used as a mechanism for change. Many clients use the app to set up investment accounts, while others chose to open accounts through other avenues and directly through Newday off the app.
Beginning on December 15 (today), we will only be servicing investment accounts directly through Newday or one of our distribution partners. While the app will continue to serve as an impact-focused communication and insights tool, clients will not be able to open new accounts or make additional investments through the app.
All your investments are secure and readily accessible. Here is the timeline of our process:
1. We will be disabling further deposits/investments on the Newday app on December 15, 2021. You may withdraw your funds at any time prior to the shutdown in the app.
2. We will begin liquidating portfolios on January 2, 2022 and will continue throughout the quarter. Proceeds will be transferred to the bank linked to the account.
Thank you for being a contributor to impact investing, no matter your cause. While our company and product has shifted in form over the last year as we navigate an ever-changing landscape, our mission remains the same. Make investing a force for good not only for ourselves, but our planet. Help us collectively realize that we affect more than just our bottom lines when we invest, and that conscious-minded, impact-aligned investments can bring profits both to us and the planet. We are grateful to have you at our side.
Over the coming months we will be announcing other ways to invest in our products and strategies beyond the Newday app.
Happy holidays and we look forward to a wonderful new year.
Best,
Doug Heske
CEO, Newday Impact