Making money online offers flexibility and potential income streams. This article explores how NerdWallet generates revenue through various financial partnerships.
NerdWallet partners with Evolve Bank & Trust, a member of the FDIC, to offer banking services. The NerdUp Credit Card, issued by Evolve Bank & Trust and licensed by MasterCard International, is one example. Credit score impact can vary based on individual financial decisions and credit bureau evaluations.
NerdWallet Compare, Inc. operates under NMLS ID #1617539, adhering to regulations and disclosures outlined on its website. In California, it functions as a California Finance Lender, subject to the Department of Financial Protection and Innovation’s licensing.
Insurance services are provided through NerdWallet Insurance Services, Inc., holding relevant licenses and disclosures.
Furthermore, NerdWallet collaborates with Atomic Invest LLC, a registered investment adviser, to facilitate investment advisory account openings. NerdWallet receives compensation based on assets under management for referred clients and a percentage of their earned interest. Brokerage services are handled by Atomic Brokerage LLC, a registered broker-dealer and member of FINRA and SIPC. This affiliation presents a potential conflict of interest. Comprehensive details about Atomic, including Form CRS, Form ADV Part 2A, and Privacy Policy, are available on their website. Similarly, information about Atomic Brokerage, including Form CRS and General Disclosures, can be found online. Investors can verify Atomic Brokerage’s background through FINRA’s BrokerCheck.
Importantly, neither Atomic Invest nor Atomic Brokerage, or their affiliates, are banks. Securities investments carry inherent risks, including potential principal loss, and are not FDIC insured or bank guaranteed. Investment decisions should be made after considering individual objectives and associated fees.
NerdWallet’s address is 55 Hawthorne St. – 10th Floor, San Francisco, CA 94105. This information outlines some of the ways NerdWallet generates revenue online.
