I ran into http://motif.com earlier today, which is pretty clearly attempting to RobinHood-style sew up millennials who have money but don’t connect to either mutual funds or the finance industry. Not sure how I feel about this, honestly.
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Hell if they can even understand how to do it. Something i see a lot is people saying "go with an index fund" but never linking to a step by step tutorial. They are people that knows banks by "where you lose money", that's it. And banks are going digital so no contact.
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It’s not a bank thing. Just go to Vanguard Funds and open an account there. They invented the whole idea.
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