Join Club

Crystal City-Based Financial Planning App Lets Average Investors Build Portfolios Like Millionaires

Sponsored by Monday Properties and written by, Startup Monday is a weekly column that profiles Arlington-based startups and their founders, plus other local technology happenings. The Ground Floor, Monday’s office space for young companies in Rosslyn, is now open. The Metro-accessible space features a 5,000-square-foot common area that includes a kitchen, lounge area, collaborative meeting spaces, and a stage for formal presentations.

“A robust end-to-end technology platform for financial planning and investments” is being built in Crystal City.

The app, 1787fp, is mobile software that lets the everyday investor manage their finances and work toward financial independence.

The app contains three components. The first is a free financial planning and budgeting tool. The second, a premium feature, helps users manage and create a financial portfolio. The third is a free service for users to check their credit score.

The premium investment feature will cost users less than what they would pay at a big brokerage firm such as Wells Fargo or Goldman Sachs, but will be more expensive than the lowest cost providers in the financial advisory space.

“We really want to position ourselves as a premium player in helping people plan and work toward financial independence,” said 1787fp founder and CEO Jean Jacques Borno.

Borno said that he hopes his customers are able to build up enough wealth through the app that they only work because they want to, not because they have to.

After collecting research on the average user of financial planning services, Borno found that people were going to seven to eight different websites for their financial planning needs. He hopes 1787fp will become an app that streamlines all those services.

The idea for 1787fp grew out of Borno’s 15 years of working as a financial adviser at Morgan Stanley and Merrill Lynch. At each of the firms, Borno normally worked with clients with at least $1 million in assets. But on the weekends, he began working with clients that were coming out of law school or were engineers — people who had a steady income but definitely not $1 million in assets. Over time he was able to help them build their portfolios.

“I really thought the large companies were really missing a boat,” he said. 

With 1787fp, users will be able diversify their portfolio like a millionaire, Borno said.

“The thing that’s really cool is that the way that we set up the proposals,” he said. “In the traditional world a person would need a million dollars in order to properly diversify but we can give them the same portfolio that the so called ‘billionaire’ would have for their first $5,000 or $10,000.”

Borno got his certified financial planner license and went to the Darden School of Business at the University of Virginia, where he created 1787fp in February 2016.

The name for the app came in two parts. 1787 was inspired by the year the constitution was created, Borno said. And “fp” stands for financial planner.

“I just wanted to get something that kind of paid tribute to the world’s greatest startup — the United States,” Borno said.

The app is not out yet, but a beta version should be released shortly. Then once Borno reviews feedback from the beta version he will make adjustments and then release final version in the summer.

Recent Stories

Good Friday evening, Arlington. Today we published articles that were read a total of 21693 times… so far. 📈 Top stories The following are the most-read articles for today —…

Today may be rainy, but in general the weather is getting warmer, the cherry blossoms are in peak bloom, and it’s a great time to get out of the house….

Say hello to the curious bunny named Franscisca. This sweet girl is currently in foster and can’t wait to find her forever home! Her friends at Animal Welfare League of…

Public safety in Arlington County is poised to be increasingly automated and unmanned, with more traffic enforcement cameras and drones potentially coming soon. The updates came during a work session…

Synetic Theater Camps are a wildly fun, highly accessible choice for young people who love moving, playing games, and making memories. Registration is open now for Summer Camps (sessions June 20-August 25) and there are even a few spots left for Spring Break camp, April 3­-7.

Located in National Landing, these performance-based camps are designed for students of all ages – no theater or performance experience required.

Led by professional teaching artists, campers learn acting, movement, and technical theater skills through the lens of Physical Theater. Physical Theater incorporates acting, movement, dance, mime, and acrobatics. If you’ve seen a Cirque du Soleil performance, you’ll find many similarities.

Most first-time campers are new to the performing arts, and teaching artists are well-versed in engaging students at all levels. Parents and campers report that one of the best parts of Synetic is the community, with many families returning year after year because they feel a strong sense of belonging.

Read More

Submit your own Announcement here.

EDBS Dental Billing Solutions is pleased to announce that it has achieved compliance with the federally mandated standards of the Health Insurance Portability and Accountability Act (HIPAA) through the use of Compliancy Group’s proprietary HIPAA methodology, The Guard® compliance tracking software, and HIPAA Seal of Compliance®.

The HIPAA Seal of Compliance is issued to organizations that have implemented an effective HIPAA compliance program through the use of The Guard, Compliancy Group’s proprietary compliance tracking solution.

Clients and patients are becoming more aware of the requirements of HIPAA compliance and how the regulation protects their personal information. Forward-thinking providers like EDBS Dental Billing Solutions choose the HIPAA Seal of Compliance to differentiate their services.

“Since the nature of our business being exclusively remote, we take HIPAA compliance very seriously. With the help of Compliancy Group, we are able to take steps to fortify our systems to protect PHI information and familiarize each employee about HIPAA and how we can further safeguard PHI data.” said EDBS Dental Billing Solutions founder Goldie De Leon.

Read More

Submit your own Announcement here.

WHS Spring Festival

Join us at the WHS Spring Festival on April 22, 2023, from 10am- 3pm at Wakefield High School(main parking lot). Come out to shop, play, and eat!

Shop local vendors, arts & crafts, new and used items, food vendors/trucks, and

District 27 Toastmasters 2023 Virtual Conference

District 27 Toastmasters invites you to its annual conference where you can hear phenomenal speakers, attend professional development and personal growth seminars about leadership, negotiation, communication, teamwork, and mentorship. Learn how to develop your personal story and how to improve


Subscribe to our mailing list