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Chester-based firm tops £1bn milestone as confidence in ‘robots’ booms
Chester firm CleverAdviser, the cloud-based fund analysis software for independent financial advisors which uses artificial intelligence, has reported passing the milestone of £1 billion of clients’ assets on the process.
The business predicts further growth and has expanded its office space and made a series of new key hires including the ex-sales and marketing director of Genovo.
Mr Wilde created an automated process that would sift and sort funds on a monthly basis and inform him of the best time to switch out of underperforming funds, protecting his clients from unnecessary losses.
The business now has more than £1bn of clients’ assets on the process and more than 4,000 individual investors.
According to a major report by Deloitte, the impact of cognitive technologies on organisations is expected to grow substantially within the next three to five years.
Speaking from his Watergate Street office, founder of CleverAdviser Colum Wilde said: “This £1 billion milestone is testament to our client-centric approach as we effectively support IFAs in managing the assets of 4,350 investors.
“We have created a highly successful wealth management tool that sifts and sorts funds, informing the IFA of the best time to switch their clients out of underperforming funds, protecting their clients from unnecessary losses and maximising the possibility of better gains.
“We will continue to work hard at gaining more referrals and securing the trust of IFAs through a series of key initiatives during the second half of 2017.” Read more
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