STIFEL FINANCIAL has been busy building a new financial engineering app for the UK.
Launched this week, the new platform lets users tap into their MFA financial engineering experience in the UK to manage the finances of their clients, with the option to choose a single account for all of their financial management needs.
The app’s first release is available now on the Lexus app store and the Lexuses own website.
The platform lets you set up a single MFA account, with an individual MFA investment account, which is then linked to one of the two MFA accounts available to other users in the app.
The MFA investments are used to buy MFA bonds.
The platform also allows users to manage their own MFA savings accounts, and lets users choose a monthly payment from a range of available funds from a fund manager to a tax-deferred account.
It also allows them to make direct loans, and create a “home equity line of credit” that can be used to get a loan from a bank.
Users can choose from a variety of options, including the “Invest” category, which has access to MFA investing tools, including a portfolio, a personal finance website and investment calculators.
There’s also a “Savings” section, which offers an alternative way to manage your MFA funds, and a “Payment” section that gives users access to the account manager, a payment processor, and more.
The app’s main focus is on helping users manage their MFFE accounts, which can be viewed as a portfolio of their MFS accounts.
Users also have access to a “Personal Finance” section where they can access a wealth management tool, such as the MFFP, which lets them set up money-management plans, calculate their financial goals and more, with a focus on making money.
There are also tools for people to set up “Payments” accounts, with payment options ranging from loans to a personal bank account.
The Lexus platform is currently available in the US, Germany, France, Spain, Italy, Austria, Japan, Australia, New Zealand and Singapore.
The UK launch will come later this year, but will be rolled out in the coming weeks.