Artificial intelligence (AI) has recently proven successful in the money management business.
Artificial Neural Networks can absorb massive amounts of data, think faster and learn from subtle changes faster than a human can.
Large companies have invested vast sums in( AI) to achieve high alpha results. If they have been successful it has not made the news.
You have seen IBM’s ad showing its artificial intelligence system named Watson. Amazon is using artificial intelligence to dominate consumer markets. Salesforce.com uses AI to help its clients dominate competition.
Abaris Investment Management LLC. an innovative investment management firm in Michigan is showing to be a unique and disruptive competitor. Abaris does not manage money for its own clients but acts as a sub advisor for other advisors. Once client prospects find out about Abaris it will be very difficult for ordinary advisors to market asset allocation and traditional ETF or index fund management.
Advisor’s Capital Investments Inc now uses Abaris research. You need to see the results in all kinds of markets to recognize that this AI manager is truly a disruptive competitor. Of course past performance is no guaranty of future results. New accounts may encounter loss instead of gain over any time period.
I have over 40 years of experience and I have never seen anything like this.
Ask us which managers are now using Abaris. Accounts can be managed at Fidelity’s broker dealer, Schwab, TD Ameritrade LLC., Interactive Brokers LLC., Trust Company of America or SEI.
At the very least you should make certain your advisor finds out about this.