A new kind of service is being launched by Prosper today. Prosper Premier is billed as “having your own Prosper concierge” that basically does all your investing for you.
Unlike most regular readers of this blog some investors don’t like deciding which loans to invest in. They like the idea of p2p lending and the returns that are possible but are not interested in doing any research or analysis themselves. Prosper Premier is targeted at these investors because it gives them a chance to invest in Prosper notes by just filling out a simple form.
In an email that is being sent to investors today this is how Prosper is explaining this new program:
With Prosper Premier, you can personalize your investments according to your investing style, without sinking the time and attention it usually takes. Here’s how Premier works:
- You select your desired asset allocation based on risk ratings and loan terms.
- Prosper analysts execute your orders based on your desired portfolio allocation, including reinvestment of payments received (if instructed).
- And, you get priority access to a dedicated, knowledgeable Investor Services manager. [Read more…]