FinovasteSpring 2016 / ForwardLane

Presenter Profile:

How they describe themselves: Forwardlane scales personalized, ultra high net worth investment advice to mass affluent investors using machine intelligence. We are a passionate team of quantitative strategists, wealth management specialists and artificial intelligence experts with over 60 years of combined expertise changing the shape of modern financial services.

How they describe their product/innovation: A cognitive productivity solution for wealth management – we empower financial advisors to be dramatically more productive by supercharging their cognitive capabilities and harnessing the collective human intelligence of the firm. We do this by marrying massively scalable machine intelligence with institutional-grade risk analytics proven over 14 year, distilling actionable investment insight from our data aggregation platform. Be responsive and save time by synthesizing research, news, market data and other rich analytics – in sleek, modern visualizations that cut through the noise. With a system that learns over time, build an ever growing competitive advantage. Automate compliance with atomic level tracking of each advisor – client touch point. Wire houses, RIAs and IFAs and family offices benefit by increasing client load up to 300%, bringing better product sales and improved net promoter scores – all at a lower cost of coverage.

Product distribution strategy: B2B for Wealth Managers, RIAs, IFAs and family offices and direct to clients (B2B2C) for high value, differentiated digital advice strategies.

HQ: New York, NY
Founded: June 2015
Product Demoed: ForwardLane
Product Launch: May 2016
Metrics: Engaged at C-suite level with 10 banks and 3 insurers on 3 continents, with $3.5 trillion in AUM. Private round funded through founders and their network. One of ten company’s selected from 685 in the Barclays Techstars 2016 London cohort.
Presenters: Jesse Dubin (Product Manager), Nathan Stevenson (CEO)

Key Stats

  • Key Executives
  • Nathan Stevenson (CEO & Founder), Scott Mixer (Head of Strategic Clients and Service Delivery, US), David Magee (Head of Strategic Clients, EMEA)
  • Key Advisory Board Members
  • Strategic Advisory: Frank Meehan (SparkLabs Global Founder, Lead investor, Horizons VC, & Board of Directors: Siri, Deep Mind, Spotify, Waze), Keith Saxton (Head of Research & Global Director of Financial Markets, IBM), Andrea Cullen (Director of Research, Ares Management)
  • Key Partnerships
  • Global Partnerships with Thomson Reuters and IBM, Amazon Web Services, Morningstar, Xignite, Barclays Techstars London 2016, Fintech Sandbox, IBM Watson Development Ecosystem Partners, Barclays RISE Studios, Raise Partner Partnership (14 year-old institutional risk platform that counts Citadel, GLG and BNP Paribas as clients).

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