The new offering, StratWealth, is a strategy marketplace with more than 100 algorithmically-generated, customized investment strategies for banks, brokers, and asset managers to choose from. With an initial investment minimum of $4,000, StratWealth also caters to retail clients. The platform, which hinges on a dashboard to visualize different products, offers access to portfolios comprised of 90,000 funds including customized stock and ETF baskets.
“Through our proprietary StratWealth platform, we are enabling financial institutions by providing them with a pool of expert investment ideas to choose from and hence accelerating the entire process of product development,” said CEO Bhaskar Prabhakara. “With this, we hope that the collective financial landscape globally will benefit – with better investment strategies and a wider variety of customized portfolios to choose from.”
The impetus for StratWealth was the rising demand for thematic investments which often deliver better long term performance than traditional investment strategies.
WeInvest’s partners for the tool include MSCI, Solactive, and Schroders. “Our indexes will provide them with the tools they need to assess and measure these structural trends and create customized thematic portfolios with a focus on a number of megatrends,” said Beng Eu Lim, Head of South East Asia Client Coverage at MSCI.
Founded in 2015 and with 38 employees, WeInvest offers its services in Singapore, Malaysia, Hong Kong, Indonesia, and Dubai. Prabhakara most recently presented AdviseWealth at FinovateMiddleEast 2018 in Dubai. WeInvest’s clients include Singapore’s Oversea-Chinese Banking Corporation (OCBC), Thailand’s Siam Commercial Bank and Dubai’s Mubasher Financial Services.