NEWS
Bank of America streamlines car shopping journeys ’ with digital tools and resources
Bank of America is introducing new digital capabilities to support consumers in their car shopping and financing journey . Bank of America clients can now get pre-qualified for auto financing to learn how much they may be able to borrow and estimate their terms , all with no impact on their credit scores . Additionally , enhancements to the bank ’ s Digital Car Shopping tool , such as improved search functionality , EV inventory filtering , loan application integration and in-platform CARFAX reviews help shoppers compare , budget , finance and buy the car that best meets their needs .
Last year , the average car buyer spent more than 14 hours researching , shopping and purchasing their vehicle , according to research by Cox Automotive . With the addition of these new features , Bank of America aims to help consumers save time and gain more control over their car buying experience .
“ These resources streamline the car buying process , empowering clients to shop with confidence and focus on vehicles within their price range . From initial research and budgeting to applying for a loan , to driving off the lot , we ’ re supporting clients throughout their entire car shopping journey ,” said Fabien Thierry , Head of Consumer Vehicle products for Bank of America .
SoFi enhanced yield ETF is launched to offer investors a new income source
SoFi Technologies , a digital personal finance company , has announced the launch of the SoFi Enhanced Yield ETF .
With THTA , SoFi is providing a distinct way to generate monthly income for investors who are seeking a distinct way to do so , with the fund distributing monthly distributions via a portfolio of one-to-three-month short-term Treasury Bills while also implementing a data-driven options overlay strategy .
THTA provides a simple , liquid way to diversify one ’ s portfolio by introducing what is a fast-growing emerging asset class : options-powered income strategies .
The new fund will also take advantage of tax loss harvesting opportunities in addition to utilizing ZEGA options strategy . The SoFi Enhanced Yield ETF ’ s options strategy will be actively managed by ZEGA Financial , a leader in options-focused investing .
The investing landscape has expanded beyond the traditional 60 / 40 to include assets that can offer more targeted objectives and increased diversification benefits . The SoFi Enhanced Yield ETF was designed as a modern , alternative strategy that can cater to investors seeking potentially higher-yielding investment options . �
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