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August 26, 2022

Two RIAs select Vise to create customised investment portfolios

Greenstone Wealth Management and CPR Financial and Insurance Services have selected fintech company Vise’s  AI-powered platform to create customised investment portfolios for clients.

Both the registered investment advisors (RIAs) are expected to enhance their businesses through the use of technology and automation.

Based in Forest City, Iowa, Greenstone Wealth Management primarily provides employees of local businesses with retirement plans. The company is said to handle more than 130 customers.

CPR Financial and Insurance Services, an asset management company with four advisors, is based in Prosper, Texas. The firm mainly offers 401k plan solutions to enterprises.

A new Accenture study showed that 87% of advisors wish to use more AI tools in their daily operations.

According to Vise, using technology advisors can become more precise while delivering their services.  They can customise their offerings on the basis of the customer’s requirements as well as automate tax savings.

Vise co-founder and CEO Samir Vasavada said: “Our clients like Greenstone and CPR are the reason I’m excited to get up and come to work every day.

“We’re looking forward to continuing to work with RIA clients of all shapes and sizes to grow their businesses by using technology to manage assets in a more personalized and automated way.”

Vise, a venture-backed fintech firm, develops technology-driven asset management platform that seeks to automatically build tailor-made investment offerings and plans.

The company has secured $128m from a number investors such as Sequoia, Ribbit Capital, and Founders Fund. Last month, Vise elevated Travis Fairchild to serve as a head of its Investment Strategy business.

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