The Finovate Debuts series introduces new Finovate alums. Today’s feature is iBillionaire, which demonstrated its iBillionaire Index at FinovateFall 2014.
iBillionaire’s free mobile app gives investors insight into how the world’s top-performing billionaires, such as Warren Buffet, Carl Icahn, and George Soros, invest.
The clean user interface makes it easy to gather information on the billionaires’ trades and investments. Additionally, the iBillionaire Index, an exchange-traded fund (ETF), is an option for those looking for an alternative to the S&P 500.
Stats
- Index ETF has $35+ million in AUM
- Founded April 2013
- 150,000 mobile users
How it works
iBillionaire identifies the top 10 performing billionaire investors and translates their public SEC trade filings onto a clean user interface, identifying their top performing stocks.
The Index is a compilation of 30 company stocks where billionaire investors have allocated the most assets. When back-tested 5 years, the iBillionaire Index returns were almost double those of the S&P 500 (see right).
Methodology
iBillionaire selects the billionaires to follow based on their:
- Net Worth: must be at least $1 billion
- Source of Wealth: must be rooted in financial markets or investments industries
- Portfolio Size: must be worth at least $1 billion
- Portfolio Concentration: must contain at least 10 different positions
- Turnover: must have a turnover ratio of less than 50%
- Track Record: must have at least a 3-year track record
The user base, which consists of 80% retail investors and 20% financial advisors, accesses the information online and through the mobile app. While the web interface and mobile app have many of the same tools, the app provides on-the-go updates and alerts, such as:
1) News
Browse the billionaires’ assets under management, performance, and trading activity, as well as timely news related to their investments.
1) Portfolio comparison
Users upload their own portfolio, and see how it performs against the high profile investors’ portfolios
2) Price alerts
Optional push notifications inform users of trading activity from their preferred investors
iBillionaire has partnered with Direxion Investments, a top ETF sponsor in the U.S., and is looking to partner with financial institutions and brokers to grow internationally.
Additionally, it is redesigning the mobile app and is working on tools to help users build their own investment strategies, as well.
The New York-based company showcased at FinovateFall 2014. Check out the live demo video here.