FutureAdvisor Raises $5 Million to Help People Invest More Wisely

FutureAdvisor has raised $5 million in a first round to help provide financial advice using algorithms. In addition, the Seattle company said it is launching a new service that will analyize fees and provide recommendations to help people save money on their 401(k) plans. The company’s investors include Sequoia Capital, former PayPal exec and Square COO Keith Rabois and Yelp founder Jeremy Stoppelman.