There has been a bit of a tug of war in recent years between advisors who favor the use of model portfolios for their efficiency and low cost and those who favor custom portfolios for their ability to deliver on the specific needs, preferences, and goals of individual clients. But what if you could have the ease of a model portfolio with the specificity of a custom portfolio?
My guests on this episode of the Modern Financial Advisor Podcast are Runik Mehrotra and Samir Vasavada, the founders of Vise. By leveraging the power of artificial intelligence and machine learning Vise allows an advisor to create custom portfolios that take into account a whole host of data points that often times would go overlooked by a model portfolio approach or be too labor intensive for a manually created custom portfolio.
Resources Related to this Episode: Artificial intelligence and machine learning are having a big impact on investment management and many other aspects of our industry. Below are a few resources to learn more:
Reimagining Portfolio Management with AI - In this Techcrunch article Runik and Samir share their story which goes all the way back to their middle-school days when they were already tinkering with AI at age 13.
Using Sentiment Analysis and AI to Beat the S&P 500 - Investors and traders like to talk about stocks online... A LOT! Jamie Wise of Buzz Indexes designed an AI powered stock index that analyzes this chatter and picks a mix of stocks with the most positive sentiment. The result? An index that has outpaced the S&P 500.