Dubai-based financial firm Pasiv has unveiled an investment app for the wealth management market.
The app has been developed as a conversational AI, intended to help investors manage their long-term investments in US stocks and ETFs. The company provides US securities through ChoiceTrade, a US-based regulated broker-dealer.
It “aims to make retirement saving and investing accessible, in a market flooded with apps geared towards trading as opposed to long-term passive investing”.
Pasiv said it seeks to “fill the absence of a financial communication medium that can provide financial literacy, market data and investment tools to average investors, which typically only financial advisers have access to”.
Vinay Gokaldas, founder and chief executive of Pasiv Financial, said: “Our aim is to enrich the experience of wealth management, with cutting-edge tools and artificial intelligence. Part of this mission means making investing accessible and affordable to the average investor. Our incredibly talented and dedicated crew of fintech enthusiasts make this possible behind the scenes.”
Pasiv Financial is a Dubai Financial Services Authority regulated firm.
