Wealth management fintech Algo-Chain has taken the lead in the innovation of AI-augmented tools, launching an ETF Portfolio AI Toolkit subscription service powered by the ChatGPT 3.5 Turbo model. The toolkit helps wealth managements make more informed decisions through ETF model portfolios which use macro-economic data to identify tactical investment opportunities.
The ChatGPT framework is designed to sift through thousands of ETF listings and choose target risk portfolios including ESG and crypto exposures. In addition, users can take advantage of tactical asset allocation with AI-augmented portfolios which help to navigate the enormous amount of data embedded in the almost 10 trillion dollar ETF ecosystem.
Allan Lane, Co-founder and CEO of Algo-Chain commented, “Given that portfolio asset allocation accounts for the lion’s share of a portfolio’s return, it became evident to us that we needed to design an algorithm which could effectively search through an expansive range of portfolio allocations in order to help wealth managers gain an edge.”
In order to meet this need for innovation, the firm has been involved in a number of initiatives in recent months. Their service has incorporated thematic, commodity, and crypto exposures with the recently launched partnership with HANetf. Partnerships with Leverage Shares have also allowed discretionary wealth managers the opportunity to wrap their model portfolios within exchange-traded products (ETPs) for more efficient distribution.
Algo-Chain is making AI-augmented tools more accessible than ever before by enabling users with a range of different portfolios. Wealth managers can choose between portfolios that address different currencies and risk categories, as well as ESG-themed portfolios. The production of these tools has allowed for more efficient portfolio construction, empowering wealth managers to invest in a more knowledgeable, organized manner.
