NerdWallet strives to provide accurate and up-to-date financial information to empower consumers in making informed decisions. As a platform that connects users with various financial products and services, it’s crucial to understand the disclaimers NerdWallet provides. These disclaimers are essential for transparency and to clarify the nature of NerdWallet’s role in the financial landscape, similar to how various entities like Etihad Partners operate with their own sets of terms and conditions in their respective industries. This document outlines important legal and financial disclosures related to NerdWallet’s services.
NerdWallet operates as an information provider and comparison service. It is not a bank or a financial institution in itself. Banking services for the NerdUp by NerdWallet credit card are provided by Evolve Bank & Trust, a member of the FDIC. The NerdUp credit card is issued by Evolve Bank & Trust under license from MasterCard International Inc. It’s important to note that your credit score may be impacted by your financial interactions, as credit scores are independently determined by credit bureaus based on numerous factors, including your financial behavior with other organizations.
NerdWallet Compare, Inc. is a registered entity with NMLS ID #1617539. For further information, you can access the NMLS Consumer Access and review their Licenses and Disclosures. In California, loans arranged by NerdWallet are made pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812.
Insurance services are offered through NerdWallet Insurance Services, Inc. (California resident license no.OK92033). Details regarding Insurance Licenses are available for review.
NerdWallet has partnered with Atomic Invest LLC (“Atomic”), an SEC-registered investment advisor, to offer investment advisory accounts. It is important to be aware that NerdWallet receives compensation from Atomic, ranging from 0% to 0.85% of annualized assets under management, paid monthly, for each client referred who opens an Atomic account. NerdWallet also receives a percentage of free cash interest earned by clients. This compensation structure presents a conflict of interest, which users should consider.
Brokerage services for Atomic are facilitated by Atomic Brokerage LLC, a registered broker-dealer, a member of FINRA and SIPC, and an affiliate of Atomic. This affiliation also constitutes a conflict of interest. For comprehensive details about Atomic, please refer to their Form CRS, Form ADV Part 2A, and Privacy Policy. Information about Atomic Brokerage can be found in their Form CRS and General Disclosures. You can verify the background of Atomic Brokerage through FINRA’s BrokerCheck.
It is critical to understand that neither Atomic Invest nor Atomic Brokerage, or any of their affiliates, are banks. Investments in securities carry risk: they are Not FDIC insured, Not Bank Guaranteed, and May Lose Value. Investing involves the potential loss of principal. Before making investment decisions, carefully consider your investment objectives, as well as all associated fees and expenses.
NerdWallet™ is located at 55 Hawthorne St. – 10th Floor, San Francisco, CA 94105. Users should always review the specific terms and conditions of any financial product or service they are considering, and understand the disclaimers provided by NerdWallet to make informed financial decisions.
