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Purdue Finance Expert Weighs in on Best Online Banks

08-08-2024

In an effort to help people make smart personal finance decisions, the Daniels School’s Richard Ryffel joined a panel of experts curated by MarketWatch to analyze 43 of the country’s most popular online banks.

Ryffel provides advice on banks’ stand-alone tools for tracking finances and financial planning.

Prior to joining Purdue as the business school’s executive director of business leadership and a professor of practice, Ryffel worked in public and corporate finance and wealth management for more than three decades. As a private wealth and endowment manager, he advised high net worth families and endowed institutions on investment management and financial planning. Ryffel previously worked at A.G. Edwards (now Wells Fargo Advisors), Bank of America, Edward Jones and J.P. Morgan.

MarketWatch Guides, a business partner of Dow Jones, shares its methodology for picking its 10 top-scoring online financial institutions. Its top three picks for the best online banks are SoFi Bank, Discover Bank and Ally Bank. Find the complete resource guide here.