Northwestern Mutual shutting down LearnVest
May 8, 2018 by Ryan W. Neal
Northwestern Mutual is shutting down digital financial planning startup LearnVest just three years after the insurance company paid $250 million for it.
In a statement posted to the Northwestern Mutual website, the company announced that it is discontinuing LearnVest’s financial planning offering for consumers and the LearnVest@Work program for businesses. Northwestern Mutual will relaunch LearnVest later this year as a digital resource portal focused on financial education for consumers. In an email sent to LearnVest clients, founder Alexa Von Tobel said the financial planning service will shut down June 5.
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