Vise is an asset management platform. It uses artificial intelligence to help financial advisors build, manage, and explain personalized portfolios for their clients. The company was formerly known as Artificial Intelligence Labs. It was founded in 2016 and is based in New York, New York.
Vise's Product Videos
ESPs containing Vise
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The investment portfolio construction & optimization market uses data-driven algorithms and analytics to help financial professionals optimize portfolio composition, risk management, and returns. Solutions in this market take into account various factors such as asset allocation, risk tolerance, market trends, and investment goals to craft tailored portfolios for clients. These solutions facilitat…
Vise's Products & Differentiators
Vise Portfolio Construction Engine
Sleek interface that allows advisors to build personalized portfolios containing single securities and/or ETFs for every client.
Research containing Vise
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CB Insights Intelligence Analysts have mentioned Vise in 1 CB Insights research brief, most recently on Oct 6, 2023.
Expert Collections containing Vise
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Vise is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Latest Vise News
Sep 29, 2023
“Supporting financial advisors with artificial intelligence that can help do their jobs better will create better investment outcomes for all the clients that use them, and make [the financial advisors] more accessible to more people,” said Samir Vasavada, CEO and one of the firm’s original co-founders, in a video call interview with VentureBeat. For example, an financial advisor who pays for a Vise Intelligence subscription could prompt the assistant with the phrase “Ava Harris called with concerns about investing in energy companies,” referring to a client’s phone call. Vise could then provide the financial advisor with information about that client’s specific portfolio, suggest ways for the advisor to tweak to the client’s wishes, and then draft an email to send to the client about the changes the advisor would implement in the investment strategy. In this way, the human advisor and their client remain in control, but Vise Intelligence is always standing by to act as a helpful assistant capable of pulling together information and suggesting how it could be used. Where AI and fintech collide Vasavada co-founded Vise back in 2016 alongside Runik Mehrotra, still its chief investment officer (CIO), a year before the generative AI boom got started with the publication of the “ Attention Is All You Need ” paper by Google researchers on arxiv that led to the transformer model architecture now underpinning Vise Intelligence and most other leading AI models, such as OpenAI’s ChatGPT. Previously, the company offered “highly personalized portfolios, fully automating the investment management process, and providing deep insights on each investment decision,” according to one of its earlier funding announcements . As for what specific AI is being used to enable Vise Intelligence, Vasavada didn’t provide details, but in a Medium post published today , the CEO wrote: “Vise Intelligence is powered by cutting-edge large language models, which we’ve fine-tuned using relevant investment and portfolio management data.” RIABiz reported earlier that Vise planned to “incorporate new AI models, like ChatGPT, where applicable,” and quoted Mehrota saying it would “end up building functionality that sits on top of one of these pre-trained models … we’re not always going to be internal forever … [what] we build will be technology that sits on top of models these AI companies come out with,” so it is probable that GPT is powering some of the tech. However, Vasavada did not that Vise Intelligence was designed to ingest information from every specific client in an financial advisor customer’s portfolio — from the “high net-worth to the low-net worth… small-single person firms that are managing money for teachers and firemen, boutique firms with 20 or 30 advisors that are managing hundreds of millions of dollars for executives, enterprise wealth management firms that manage hundreds of billions of dollars in assets for all kinds of different clients,” in his words — and custom tailor its insights for them, so their human advisor could talk them through what was happening with their money. Leveraging market data and individual client goals Vasavada also noted that Vise Intelligence was trained on “tens of thousands of data points from the market on different companies, fundamentals of companies, broad market trends” and that this training was combined with information from each client in a secure inference. “This is previous information and forward looking information,” Vasavada clarified, including the client’s previous positions, trades, gains and losses, as well as their financial goals, risk tolerance, retirement date, other financial milestones such as sending kids to college or purchasing homes. All this is combined, in turn, with guidance from the financial advisor telling Vise Intelligence what kinds of strategies and investment opportunities the advisor wishes to follow to fulfill their clients’ goals. “Think about it as inputs from the market, the client and the advisor,” Vasavada said. Vise did not specify how it secures client data, but Vasavada said “the data is very secure and protected.” Ultimately, the company believes that “wealth management is going through a transformation,” according to Vasavada, one wherein “rechnology and investment management are no longer going to be separate.” And Vise wants to be the one financial advisors turn to when looking to serve more clients with a human touch. The ideal scenario for Vise’s financial advisor clients is that “you went from managing 100 clients before to being able to manage 150 clients, and all of your time is being spent on the thing you love doing, which is managing and building client relationships,” the CEO told VentureBeat. That kind of scaling, of course, also benefits Vise, which takes a cut of its clients earnings from their services and their clients’ portfolio performance. 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Vise Frequently Asked Questions (FAQ)
When was Vise founded?
Vise was founded in 2016.
Where is Vise's headquarters?
Vise's headquarters is located at 521 Broadway, New York.
What is Vise's latest funding round?
Vise's latest funding round is Series C.
How much did Vise raise?
Vise raised a total of $126.55M.
Who are the investors of Vise?
Investors of Vise include Sequoia Capital, Ribbit Capital, Nikesh Arora, Sand Hill Capital, Allen & Company and 19 more.
Who are Vise's competitors?
Competitors of Vise include Pebble, O'Shaughnessy Asset Management, Betterment, OpenInvest, Fundment and 7 more.
What products does Vise offer?
Vise's products include Vise Portfolio Construction Engine and 1 more.
Who are Vise's customers?
Customers of Vise include Greenstone Wealth Management and CPR Financial.
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