News
PortfolioPilot.com Secures $2M to Revolutionize Personal Financial Advising with AI
San Francisco, CA - July 31, 2024 – PortfolioPilot.com, the innovative AI-driven financial advisory platform from Global Predictions, has successfully closed a $2M seed funding round. Backed by Morado Ventures, NEA Angel Fund, Unpopular Ventures, and several prominent Silicon Valley angel investors, this new capital brings the total funds raised to $4M.
PortfolioPilot.com is part of a new era in financial advising, offering a “next generation financial advisor” that empowers individuals to take control of their finances. With over 22,000 users and more than $20B in assets on its platform1, PortfolioPilot.com is transforming personalized financial advice with artificial intelligence and hedge fund-inspired models, providing personalized analysis and actionable recommendations to help individuals feel more confident in managing their own financial assets and investments. In August 2023, the company was approved by the SEC to act as a Registered Investment Advisor, allowing it to provide completely automated financial advice.
Revolutionizing Financial Advice with AI and Hedge Fund-Inspired Models
PortfolioPilot.com promotes its use of innovative hybrid AI models, including large language models, proprietary economic models, and supervised learning methods, to deliver highly personalized financial advice to individuals. By combining these technologies with hedge fund-inspired strategies, PortfolioPilot.com strives to provide a high level of insight and guidance to empower self-directed investors. Key features of PortfolioPilot.com include:
- Low Costs: Affordable access to personalized financial advice, making it accessible to a broader audience.
- Fiduciary Duty: A commitment to acting in the best interest of clients, requiring trustworthy guidance.
- Personalized Advice: Tailored recommendations based on each user's unique financial situation, goals, and preferences.
- Portfolio-Specific Insights: Detailed analyses and actionable recommendations for optimizing investment portfolios.
One of the standout features of PortfolioPilot.com is the completely free net worth portfolio tracker and 5 min "report card" assessment, which offers users a second opinion on their finances, helping them make more informed decisions.
Significant Milestones and Achievements
In August 2023, PortfolioPilot.com launched its paid subscription program, offering personalized recommendations for a flat fee of $29 per month. This democratized access to hedge fund inspired investment insights. Global Predictions has also been recognized as a winner in the M6 international forecasting competition2, a merit-based demonstration of its complex predictive models.
"Our vision is to create a financial advisor that transcends traditional boundaries, leveraging AI and hedge fund-inspired models to provide superior, personalized advice at a fraction of the cost," said Alexander Harmsen, CEO of Global Predictions. "This new funding enables us to enhance our platform and expand our reach, bringing sophisticated financial insights and advice to more investors."
1. 22,000 users and $20B Assets on Platform as of July 14, 2024
2. “Global Predictions secures a winning spot in international M6 forecasting competition”. November 9, 2023 https://www.globalpredictions.com/posts/global-predictions-secures-a-winning-spot-in-international-m6-financial-forecasting-competition
About PortfolioPilot.com
PortfolioPilot.com is designed to empower self-directed investors with hedge fund-inspired investment insights. The platform includes:
- Support for real estate, retirement accounts, cash, crypto, and private equity
- Connections to over 12,000 crypto wallets, banks, and brokerages
- 256-bit, encrypted bank-level security
- AI assistant to answer investment questions
- Portfolio assessment and macro-specific insights
The founding team behind PortfolioPilot.com has a proven track record, with successful exits in the AI industry and experience from top financial firms like Bridgewater.
For further details on how PortfolioPilot.com is transforming personal investing, visit www.portfoliopilot.com.
Contact Information
Global Predictions
press@globalpredictions.com
2261 Market Street #4349
San Francisco, CA 94114
www.portfoliopilot.com
This funding announcement marks a significant milestone for PortfolioPilot.com, setting the stage for continued innovation and growth in the financial advisory industry.
To see what Global Predictions can do for you and your portfolio, sign up for free today
San Francisco CA, 94114
General Disclosures
Global Predictions provides investment advice only through its internet-based application, PortfolioPilot, and only to investors who are advisory clients of Global Predictions pursuant to written advisory Client Agreements (“Advisory Services”). The publicly available portions of the Platform (i.e., the sections of the Platform that are available to individuals who are not party to a Client Agreement - including globalpredictions.com and portions of portfoliopilot.com) are provided for educational purposes only and are not intended to provide legal, tax, or financial planning advice. To the extent that any of the content published on publicly available portions of the Platform may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. Nothing on the publicly available portions of the Platform should be construed as a solicitation or offer, or recommendation, to buy or sell any security. All charts, figures, and graphs on the publicly available websites are for illustrative purposes only. Before investing, you should consider whether any investment, investment strategy, security, other asset, or related transaction is appropriate for you based on your personal investment objectives, financial circumstances, and risk tolerance. You are also encouraged to consult your legal, tax, or investment professional regarding your specific situation. Registration does not imply a certain level of skill or training. Investing involves risk. The value of your investment will fluctuate, and you may gain or lose money.
The contents of the Platform may contain forward-looking statements that are based on management’s beliefs, assumptions, current expectations, estimates, and projections about the financial industry, the economy, or Global Predictions itself. Forward-looking statements are not guarantees of the underlying expected actions or future performance and future results may differ significantly from those anticipated by the forward-looking statements. Therefore, actual results and outcomes may materially differ from what may be expressed or forecasted in such forward-looking statements.
Note: our use of the term AI refers to all artificial intelligence models used including large language models, proprietary economic models that incorporate regression or dynamic factors, and machine learning methods like supervised learning.
1. Global Predictions Secures a Winning Spot in International M6 Financial Forecasting Competition
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