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Follow on Google News | Artificial Intelligence-Driven Online Wealth Manager Launches in CanadaNew online wealth management uses AI with the aim of beating the market
Responsive's AI uses decades of diverse data in its data warehouse assess probabilities for the direction of asset prices in any given market and applies those insights to your portfolio with the aim of achieving above-average returns. Up until now, Responsive's core technology and investment process have been in use by other wealth managers and is currently used under-license to manage over $1.2B in assets. Responsive's new online investment service, targeting consumers, will offer the same advanced investment service offered to high-net worth individuals and institutional investors at a fraction of the cost. "Imagine: the same AI that enables Amazon, Apple and Google products, such as machine learning, now powering and protecting your diversified portfolio" reports CEO and Stanford Alum Davyde Wachell. "We've already accumulated over a million dollars in assets under management. The response has been overwhelming on launch day. " A robo-advisor is an online wealth management service that provides automated, algorithm-based portfolio management advice without the use of human financial planners. Responsive labels itself a second- "Unlike most online wealth managers, Responsive's goal is to achieve above-average returns for our clients. Other robo-advisors strive only to achieve average market-returns" Responsive is the first organization in Canada to release an an artificial intelligence wealth management service in Canada. Find out more at http://responsive.ai End
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