Hedgeable

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Hedgeable
Company typePrivately held company
IndustryPersonal finance,

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

CEO
),

Matthew Kane (

Co-Founder, COO
),

Siddharth Sharma,
FRM (CTO)
Websitewww.hedgeable.com

Hedgeable, Inc. is a U.S. based financial services company and digital wealth management platform headquartered in New York City. Hedgeable doesn't follow set allocations, but actively manages accounts in response to market movements.[1]

On August 9, 2018, Hedgeable closed its doors to new investors, with existing investors required to transfer out of the company.[2] The company claimed that it was not shutting down but simply removing its SEC registration.[3]

History

Hedgeable was founded in 2009 by twin brothers Michael and Matthew Kane, who previously worked at high-net worth investment managers such as

Registered Investment Advisor with the U.S. Securities and Exchange Commission.[4] The company has received funding from SixThirty[5] and Route 66 Ventures[6] as well as various other angel investors. On August 9, 2018, Hedgeable closed its doors to new investors.[2]

Investing Strategies

Hedgeable does not follow a

bear markets.[8] This strategy is different from other robo-advisors, which use Modern Portfolio Theory
.

Hedgeable offers investment options including Exchange Traded Funds (ETFs) to individual stocks, master limited partnerships, private equity and bitcoin.[1] Mutual funds are not used in portfolios.[9]

Although the firm's focus is to provide a direct-to-consumer service, Hedgeable's investment strategies are available to financial advisors[10] and institutions as well through a variety of platforms.

Product Features

Hedgeable aims to gamify[11] 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:

  • Downside protection
  • Account aggregation
  • Alternative investments
  • Alpha rewards
  • API[12]
  • Mobile app

It was awarded 4/5 for client transparency by Paladin Research.[13] Hedgeable was the winner of the Finovate Fall 2015 Best of Show Award[14] and the GREAT 2015 Tech Award (FinTech Category).[15]

Future Endeavors

In 2016, Hedgeable launched its first

iOS mobile app[16]
in order to expand their product offerings and is looking to expand globally in the future.

References

  1. ^
    ISSN 0099-9660
    . Retrieved 2016-04-22.
  2. ^ a b Friedberg, Barbara A.; MBA; MS (2018-07-12). "Hedgeable Closes Active Robo-Advisor - Alternatives Exist". Robo-Advisor Pros. Retrieved 2019-08-12.
  3. ^ "Robo advice pioneer gets out of robo advice". Financial Planning. 2018-07-12. Retrieved 2020-03-16.
  4. ^ "The Razors Hedge", "Thrillist", New York, Oct 27, 2009
  5. ^ Calhoun, Michael. "McKelvey’s SixThirty Picks First Four Startups for Accelerator Program", "CBS St.Louis", St. Louis, Oct 3, 2013
  6. ^ "Hedgeable | Route 66 Ventures". route66ventures.com. Retrieved 2016-04-22.
  7. Wall Street Journal
    ", New York, April 24, 2015
  8. ^ Chang, Ellen.[2], "Mainstreet.com", New York, April 21, 2015
  9. ^ "The Millennial: Fintech's Darling?". Mondato Insight. 5 April 2016. Retrieved 2016-04-22.
  10. Financial Planning
    ", May 3, 2010
  11. ^ "Hedgeable Gamifies Personal Finance for Millennials - Production". Production. Retrieved 2016-04-22.
  12. ^ "Hedgeable". ProgrammableWeb. 15 March 2016. Retrieved 2016-04-22.
  13. ^ Waddell, Melanie. "21 Best & Worst Robo-Advisors for Client Transparency", "Think Advisor", Aug 14, 2014
  14. ^ "FinovateFall 2015 Best of Show Winners Announced - Finovate". Finovate. 17 September 2015. Retrieved 2016-04-22.
  15. ^ York, British Consulate General New. "Winners Announced For UK Government's Annual GREAT Tech Awards Competition". www.prnewswire.com (Press release). Retrieved 2016-04-22.
  16. ^ "Hedgeable - Sophisticated Investing Made Simple on the App Store". App Store. Retrieved 2016-04-22.
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