Hedgeable

Hedgeable
Privately held company
Industry

Personal finance, Investment Management, Digital Wealth Management, Automated Investing, Portfolio Management,

Investment services
Founded 2009
Founder Michael Kane, Matthew Kane
Headquarters New York, New York
Key people

Michael Kane (Co-Founder, CEO), Matthew Kane (Co-Founder, COO),

Siddharth Sharma, CFA, FRM (CTO)
Website www.hedgeable.com

Hedgeable, Inc. is a U.S. based financial services company headquartered in New York, New York. The Hedgeable web and mobile app allows individuals to invest in customized portfolios.[1] It is a digital wealth management platform. Hedgeable practices 'tactical investing'—that is, it doesn’t follow set allocations but actively manages accounts in response to market movements.[2]

History

Hedgeable was founded in 2009 by twin brothers Michael and Matthew Kane, who previously worked at high-net worth investment managers such as Bridgewater Associates and Spruce Private Investors. Both Michael and Matthew graduated from Penn State University with degrees in Finance. Hedgeable is a Registered Investment Advisor with the U.S. Securities and Exchange Commission.[3] The company has received funding from SixThirty[4] and Route 66 Ventures[5] as well as various other angel investors.

Investing Strategies

Hedgeable does not follow a buy-and-hold approach, but instead actively manages accounts in response to market movements[6] focusing on downside protection in bear markets.[7] This strategy is dramatically different than most other robo-advisors, which use Modern Portfolio Theory.

Hedgeable customizes portfolios for clients by asking various questions.[8] Hedgeable opens the array of investment options beyond Exchange Traded Funds (ETFs) to individual stocks, master limited partnerships, private equity and bitcoin.[9] Mutual funds are not used in portfolios.[10]

Although the firm's focus is to provide a direct-to-consumer service, Hedgeable's investment strategies are available to financial advisors[11] and institutions as well through a variety of platforms.

Product Features

Hedgeable aims to gamify[12] personal finance for clients. Clients can open a new account or transfer an existing account. Hedgeable accepts retirement accounts, taxable accounts, business accounts and various other account types. Hedgeable offers unique features such as:

It was awarded 4/5 for client transparency by Paladin Research.[18] Hedgeable was the winner of the Finovate Fall 2015 Best of Show Award[19] and the GREAT 2015 Tech Award (FinTech Category).[20]

Future Endeavors

In 2016, Hedgeable launched its first iOS mobile app[21] in order to expand their product offerings and is looking to expand globally in the future.

References

  1. ↑ "Hedgeable Review - Hedge Funds for the Masses". Investor Junkie. Retrieved 2016-04-22.
  2. ↑ Moyer, Liz. "Putting Robo Advisers to the Test". Wall Street Journal. ISSN 0099-9660. Retrieved 2016-04-22.
  3. ↑ "The Razors Hedge", "Thrillist" , New York, Oct 27, 2009
  4. ↑ Calhoun, Michael. "McKelvey’s SixThirty Picks First Four Startups for Accelerator Program", "CBS St.Louis", St. Louis, Oct 3, 2013
  5. ↑ "Hedgeable | Route 66 Ventures". route66ventures.com. Retrieved 2016-04-22.
  6. ↑ Moyer, Liz., "Wall Street Journal", New York, April 24, 2015
  7. ↑ Chang, Ellen., "Mainstreet.com", New York, April 21, 2015
  8. ↑ "Hedgeable: Digital Asset Manager 2.0 - Is America ready? - Modest Money". Modest Money. Retrieved 2016-04-22.
  9. ↑ Moyer, Liz. "Putting Robo Advisers to the Test". Wall Street Journal. ISSN 0099-9660. Retrieved 2016-04-22.
  10. ↑ "The Millennial: Fintech’s Darling?". Mondato Insight. Retrieved 2016-04-22.
  11. ↑ Garmhausen, Steve. "New Firm's Platform Offers Hedge Expertise to Advisers", "Financial Planning" , May 3, 2010
  12. ↑ "Hedgeable Gamifies Personal Finance for Millennials - Production". Production. Retrieved 2016-04-22.
  13. ↑ Moyer, Liz., "Wall Street Journal", New York, April 24, 2015
  14. ↑ Carney, Michael. ""To the moon!" Survey shows Bitcoin enthusiasts remain hopeful as ever that prices will rise", "Pando Daily" , Jan 13, 2015
  15. ↑ Reader, Ruth. "Coinbase’s $75M raise shows investors still see gold in Bitcoin", "VentureBeat" , Jan 20, 2015
  16. ↑ Johnson, Amanda B. "Bitcoin's Price Over Next 3 Years - Survey Results Released", "The Coin Telegraph" , Jan 22, 2015
  17. ↑ "Hedgeable". ProgrammableWeb. Retrieved 2016-04-22.
  18. ↑ Waddell, Melanie. "21 Best & Worst Robo-Advisors for Client Transparency", "Think Advisor" , Aug 14, 2014
  19. ↑ "FinovateFall 2015 Best of Show Winners Announced - Finovate". Finovate. Retrieved 2016-04-22.
  20. ↑ York, British Consulate General New. "Winners Announced For UK Government's Annual GREAT Tech Awards Competition". www.prnewswire.com. Retrieved 2016-04-22.
  21. ↑ "Hedgeable - Sophisticated Investing Made Simple on the App Store". App Store. Retrieved 2016-04-22.
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