Powder: Gen AI co-analyst that helps wealth advisors win new clients

Hey everyone! We’re Kanishk, Dominic, SooYung, Jeff and David from Powder.

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TLDR: Powder is building a generative AI co-analyst to help wealth advisors win new clients by automating the sales process.

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Problem:

Wealth Advisors have an arduous sales process that has little transparency and leaves prospective clients unclear of the value they provide.

Advisors relying on their current manual operations are facing a tremendous challenge to scale.

Powder is for wealth advisors who are:

• Frustrated with burning costly analyst time making sense of prospects’ portfolio data
• Dealing with very long sales timelines to win over prospects
• Struggling to create beautiful presentations that highlight their value to prospects
• Looking to leverage the latest technology to future-proof their firm

Solution:

How can advisors stand out from the noise and close more prospects?

By leveraging Powder’s generative AI document and conversation extractor to rapidly leverage the prospect’s portfolio.

By fine-tuning analytics that automatically demonstrates better investment returns, reduced portfolio risk, reduced tax consequences, and lowered investment fees.

Creating beautiful presentations that succinctly outline the benefits to the prospective client.

Who are we:

Kanishk and SooYung previously founded RCI Navigator (acquired by Addepar).  Navigator is being used by 150+ firms including the biggest wealth advisors on the planet such as UBS and Morgan Stanley.  We repeatedly witnessed how sales were such a massive pain point.  We carried forward our expertise on how to build for and sell to wealth advisors.

Dominic worked at Addepar as both a Senior Account Executive and Senior Account Manager. He started his career at Goldman Sachs, where he worked in the Private Wealth Management division.

David managed portfolio strategies for institutional asset owners for 33 years on mandates up to $30B in assets.

Jeff was the founding engineer at Arcade.xyz and an early BitGo employee.  He has 20 years of full-stack experience across multiple domains.

Ask

Interested advisors can sign up directly on our website - https://powderfi.com or set up a meeting with us - https://calendly.com/powderfi/intro?month=2024-01