Wizest helps build expert, winning investment portfolios @ CES 2021

William Littlefield is the CTO of Wizest, a 2-year-old next-generation investment trading platform that takes the complexity and drudgery out of wealth building.

While young professionals recognize the value of building an investment portfolio, Littlefield says they can find the current process complicated, intimidating, or boring. Wizest flips the standard practice of picking stocks, bonds or financial instruments yourself, and gamifies the process, making investing more like playing Fantasy Football, helping investors to build their own team of financial experts.

Anyone can join Wizest as an investor and after indicating their investment preferences, the platform takes those preferences and matches them up with financial experts in those fields to create a leaderboard for an investor to peruse. Once the investor identifies a few financial experts they like, they can then drill down further into their portfolios, and investment strategies. Then, with the click of a button, the investor can replicate their preferred expert’s portfolio for themselves. Depending on an investor’s risk threshold, new investors can anticipate returns between 3% and 16%, net of fees.

There are no account minimums and investors can get started now with a closed-beta risk-free simulator. After the beta period, investors will be able to open an account, deposit funds, and execute real trades. When you’re ready to invest with real money, Wizest charges 0.5% for transaction fees and a 0.5% annual management fee. Unlike many investment platforms, Wizest has no account minimums. Additionally, experts never have direct access to investor funds, which are instead held by the platform.

Participating financial experts, can bank on no overhead costs, a national clientele base, and added income. They simply create a profile on Wizest, including their strategy and investment experience, create a portfolio of stocks, using a percentage allocation model, and then post and communicate their strategy to attract investors. Wizest compensates experts based on the amount of their virtual assets under management, subject to multipliers based on user satisfaction and portfolio risk.

Interested investors and financial experts can find more information and enroll in the closed beta period at their website.

Interview by Christopher Jordan of The Talking Sound.

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