Finance

AgentSmyth Appoints Industry Veteran Robert DiFazio as Chief Strategy Officer and Board Member Amidst Rapid Growth and Milestone Achievements

New York, New York, September 30th, 2024, FinanceWire

 

Company Surpasses 10,000 Client Searches, Adds 200+ Institutional Traders, and Accelerates Adoption of Its Offerings

AgentSmyth, a leading AI-powered financial data and analytics platform, today announced the appointment of Robert DiFazio as Chief Strategy Officer (CSO) and member of its Board of Directors. With over 40 years of experience in capital markets and investment management, DiFazio brings unparalleled expertise to AgentSmyth at a pivotal moment in the company’s expansion.

An Unmatched Industry Leader Joins AgentSmyth

Robert DiFazio’s illustrious career includes senior leadership roles such as Co-Head of Global Equities at Citigroup and a Founding Investor in Strategas Research Partners. His extensive background in capital markets, trading, investment banking, and venture capital has shaped strategies for some of the world’s most influential financial institutions.

“Joining AgentSmyth is an exciting opportunity to be at the forefront of fintech innovation,” said Robert DiFazio, CSO of AgentSmyth. “The company’s AI-driven approach is transforming how financial professionals access and utilize data. I look forward to contributing to its next phase of growth.”

Strengthening Leadership with Key Technology Hires

In addition to DiFazio’s appointment, AgentSmyth has bolstered its technology leadership team with the hiring of Brian Jo as Chief Technology Officer (CTO) and Salman Razzaq as Vice President of Engineering. Brian Jo, formerly at Market Reader, brings a wealth of experience in developing advanced financial platforms. Salman Razzaq, previously at S&P Global, adds significant expertise in engineering scalable solutions for complex data environments.

“Our expanded leadership team positions us to accelerate innovation and deliver even greater value to our clients,” said Pulkit Jaiswal, Co-CEO of AgentSmyth. “Brian and Salman are instrumental in enhancing our platform’s capabilities and scaling our operations globally.”

Significant Milestones: Over 10,000 Client Searches and Rapid User Growth

Since launching its AgentSmyth All-Access offering just three months ago, the company has surpassed 10,000 client searches, signaling strong market validation. Additionally, AgentSmyth has onboarded over 200 institutional traders from both buy-side and sell-side firms, with a growing number converting into paid licenses.

AgentSmyth’s platform covers 58,200 equities, with an average agent response time of 2.5 to 30 seconds. The efficiency gained through the platform’s AI agents has saved clients an estimated 296 days of research hours compared to traditional tools.

“Reaching over 10,000 client searches in such a short timeframe demonstrates the market’s appetite for smarter, faster insights,” said Pulkit Jaiswal, Co-CEO of AgentSmyth. “Our platform is revolutionizing how professionals consume data, turning complex market dynamics into actionable intelligence.”

Introducing the Rag2Riches Framework and Technological Advancements

At the core of AgentSmyth’s technological innovation is the proprietary Rag2Riches Framework, which dynamically upgrades vector contexts with real-time insights on economic events, news, and trader actions. By integrating live Level 2 (L2) flows and options data, the platform delivers unparalleled market intelligence, keeping clients ahead with precise, actionable insights.

“Our Rag2Riches Framework is a game-changer for market analysis,” noted Brian Jo, CTO of AgentSmyth. “By providing real-time, context-rich data, we’re empowering traders and analysts to make informed decisions faster than ever before.”

Diverse Offerings Catering to Active and Passive Customers

AgentSmyth’s two main offerings—AgentSmyth All-Access and Silver Bullets—are seeing strong adoption, catering to both active traders seeking in-depth analysis and passive customers who prefer concise, actionable insights delivered directly to their inboxes.

“Our diverse product suite was designed to meet the unique needs of different market participants,” said Mike Block, COO of AgentSmyth. “Whether it’s comprehensive analysis or quick, actionable insights, we’re delivering value across the spectrum.”

Empowered by SEC Registration

The company’s momentum is further accelerated by its recent approval as an SEC-registered investment advisor. This regulatory milestone allows AgentSmyth to onboard paid clients while delivering real-time, actionable trade recommendations, ensuring compliance and transparency.

“SEC registration was a critical step in our mission to democratize access to advanced market intelligence,” added Mike Block, COO of AgentSmyth. “It enables us to scale our offerings responsibly while meeting the stringent requirements expected by our institutional clients.”

Looking Ahead: Global Expansion & Market Reach

AgentSmyth is poised for continued aggressive growth, with plans to expand into European and Asian equity markets by Q1 2025 through existing data partnerships. Additionally, AgentSmyth has secured strategic partnerships with several Order Management Systems (OMS). These collaborations facilitate deep integration into existing workflows, granting AgentSmyth access to over 2,000 institutional traders and portfolio managers without additional marketing expenditure.

“Our OMS partnerships provide the infrastructure for rapid adoption across the financial services landscape,” noted Daniel McCooey, Co-CEO of AgentSmyth. “Clients can seamlessly incorporate our AI agents into their daily operations, enhancing decision-making with zero friction.”

“We’re entering an exciting phase of global expansion and product enhancement,” said Robert DiFazio, CSO of AgentSmyth. “I’m eager to leverage my experience to drive AgentSmyth’s strategic initiatives and deliver unparalleled value to our clients.”

About Us

For additional details, please contact: [email protected]

For press inquiries: [email protected]

For more information about AgentSmyth: agentsmyth.com

To follow on LinkedIn: https://www.linkedin.com/company/agentsmyth/

To follow on X.com: https://x.com/AgentSmyth_

 

Contact

Co-Founder, CSO
Michael Block
AgentSmyth
[email protected]

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Robo Advisory Market Forecast Report and Competitive Analysis to 2030, Featuring Betterment, Fincite, Wealthfront, The Vanguard Group, Ellevest, Wealthify, SoFi Technologies & SigFig Wealth Management

2024-10-01T15:38:37Z

Dublin, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The "Robo Advisory Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.

The future of the global robo advisory market looks promising with opportunities in the retail investor and high net worth individual markets. The global robo advisory market is expected to reach an estimated $24.6 billion by 2030 with a CAGR of 23.4% from 2024 to 2030.

The major drivers for this market are growing use of digital technologies within the financial services industry, increasing consumers preference for robo advisers rather than traditional investing services, and incorporation of artificial intelligence into investing operations.

Robo Advisory Market Insights

  • Hybrid robo advisors will remain the larger segment over the forecast period because they mix the efficiency and reliability of robotic algorithms with the human element of a personal financial counselor.
  • Within this market, high net worth individual will remain a larger segment due to increasing demand for HNWIs by private equity managers to safeguard their investments.
  • APAC is expected to witness the highest growth over the forecast period due to the customers' growing knowledge of the benefits of using automated financial assistance for investments and savings.

Robo Advisory by Segment

The study includes a forecast for the global robo advisory by type, provider, service type, end use, and region.

Robo Advisory Market by Type:

  • Pure Robo Advisors
  • Hybrid Robo Advisors

Robo Advisory Market by Provider:

  • Fintech Robo Advisors
  • Banks
  • Traditional Wealth Managers
  • Others

Robo Advisory Market by Service Type:

  • Direct Plan-Based/Goal-Based
  • Comprehensive Wealth Advisory

Robo Advisory Market by End Use:

  • Retail Investor
  • High Net Worth Individuals

Robo Advisory Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain.

With these strategies robo advisory companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.

Companies profiled in this report include:

  • Betterment
  • Fincite
  • Wealthfront
  • The Vanguard Group
  • The Charles Schwab
  • Ellevest
  • Ginmon Vermogensverwaltung
  • Wealthify
  • SoFi Technologies
  • SigFig Wealth Management

Features of the Global Robo Advisory Market

  • Market Size Estimates: Robo advisory market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
  • Segmentation Analysis: Robo advisory market size by type, provider, service type, end use, and region in terms of value ($B).
  • Regional Analysis: Robo advisory market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different type, provider, service type, end use, and regions for the robo advisory market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the robo advisory market.
  • Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers the following key questions:

  • What are some of the most promising, high-growth opportunities for the robo advisory market by type (pure robo advisors and hybrid robo advisors), provider (fintech robo advisors, banks, traditional wealth managers, and others), service type (direct plan-based/goal-based and comprehensive wealth advisory), end use (retail investor and high net worth individuals), and region?
  • Which segments will grow at a faster pace and why?
  • Which region will grow at a faster pace and why?
  • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • What are the business risks and competitive threats in this market?
  • What are the emerging trends in this market and the reasons behind them?
  • What are some of the changing demands of customers in the market?
  • What are the new developments in the market? Which companies are leading these developments?
  • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Key Topics Covered:

1. Executive Summary

2. Global Robo Advisory Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Robo Advisory Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Robo Advisory Market by Type
3.4: Global Robo Advisory Market by Provider
3.5: Global Robo Advisory Market by Service Type
3.6: Global Robo Advisory Market by End Use

4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Robo Advisory Market by Region
4.2: North American Robo Advisory Market
4.3: European Robo Advisory Market
4.4: APAC Robo Advisory Market
4.5: ROW Robo Advisory Market

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.2: Emerging Trends in the Global Robo Advisory Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Robo Advisory Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Robo Advisory Market
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

  • Betterment
  • Fincite
  • Wealthfront
  • The Vanguard Group
  • The Charles Schwab
  • Ellevest
  • Ginmon Vermogensverwaltung
  • Wealthify
  • SoFi Technologies
  • SigFig Wealth Management

For more information about this report visit https://www.researchandmarkets.com/r/mvaoe4

About ResearchAndMarkets.com
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