Jemstep (www.jemstep.com), the online investment advisor that helps people lock in more money for retirement, today announced that the company has raised an additional $4.5 million in a follow-on to its Series A funding. The funding is from existing investors as well as new investor, Caleo Capital, an international private wealth advisory company. This brings total funds raised to $15 million which will be used to expand distribution, enhance the service, and make key new hires.

'Jemstep's goal is to help self-managed investors make the most from their savings for retirement,' said Simon Roy, President of Jemstep. 'In the last 8 months, Jemstep has identified over $1 billion in additional funds for retirement that users are leaving on the table. Jemstep's easy-to-use online portfolio management service guides users to institutional-class advice to help them earn more on their retirement savings, reduce costly fees, and save on taxes.'

Jemstep has hired 17-year Silicon Valley startup veteran Mark Richards to lead product management. Richards co-founded NetMind, which sold to Intellisync (Nokia) for $800 million. He was also VP of Marketing for Aeroprise, which was acquired by BMC, and VP of Product Marketing at Intellisync. Most recently, Richards was with Sand Hill Partners, where he helped numerous technology startups launch strong products with successful business models.

'We are delighted to have someone with Mark's experience join our team,' said Roy. 'His expertise will enable us to rapidly expand our service offering and distribution channels.'

'Jemstep's objective investment service is resonating with the increasing number of individuals looking to manage their retirement portfolios,' said Garth Wellman of Caleo. 'We believe that Jemstep's scalable advice platform, coupled with its exceptional team, is the right combination to disrupt the retirement investing advice market and are pleased to participate in the company's continued growth.'

Jemstep Portfolio Manager delivers high-caliber, individualized investment advice traditionally only available through private wealth managers, but for around one tenth of the typical wealth manager's fee. A Basic Account is free no matter the size of the portfolio. Premium Services are available for a monthly fee depending on portfolio size, starting at $17.99 per month (a premium account is free for those with under $25,000).

For more information on Jemstep, visit www.jemstep.com.

About Jemstep
Jemstep.com is an online investment advisor that helps people lock in more money for retirement. Using patented technology and proven portfolio management methodologies, Jemstep tells users exactly what to buy and sell to maximize their returns without undue risk, avoid high fees, and reduce taxes. Jemstep's easy-to-use online service takes the complexity, difficulty, and anxiety out of investing. Providing the high-caliber, personalized advice that has traditionally been available only to wealthy investors, Jemstep empowers all investors to take charge of their retirement planning across all their accounts, including 401(k) and other employer-sponsored plans. A Registered Investment Advisor with the SEC, Jemstep is led by a team of experts with over 100 years' combined experience in financial management and technology innovation and development. Learn more at www.jemstep.com.