HomeTechnologyUsing AI, Vise Intelligence seeks to aid financial advisors for improved assistance

Using AI, Vise Intelligence seeks to aid financial advisors for improved assistance

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Vise, a New York City fintech company, is making a comeback after facing setbacks in recent years. The company, co-founded by two teenage entrepreneurs, lost 35% of its assets under management and its largest client, as well as experienced significant employee attrition. However, Vise is now launching its new AI service, Vise Intelligence, which aims to support human financial advisors by providing them with reports, answering their questions, and offering real-time information about investment portfolios. The AI model is designed to work as an assistant that can pull together information and suggest strategies for advisors to implement while allowing the human advisor and client to remain in control.

Vise Intelligence is a conversational AI model built on the transformer model architecture, commonly used in leading AI models such as OpenAI’s ChatGPT. It is powered by large language models that have been fine-tuned using investment and portfolio management data. The AI is trained on market data as well as individual client information, such as financial goals, risk tolerance, and previous positions and trades. Vise believes that AI and technology will no longer be separate from investment management and envisions a transformation in wealth management. With Vise Intelligence, financial advisors can potentially scale their operations and manage more clients, while Vise itself earns a percentage of its clients’ earnings.

In summary, Vise, a New York City fintech company, is making a comeback after experiencing losses and employee attrition. The company is launching Vise Intelligence, an AI service designed to support human financial advisors by providing them with reports, answering their questions, and offering real-time information about investment portfolios. Vise Intelligence uses large language models trained on market data and individual client information to provide tailored insights for each client. Vise aims to be a leading company in the transformation of wealth management, allowing financial advisors to serve more clients while generating revenue for itself.

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