Access Menu

Log in via Social

Log in with LinkedIn
Advice Systems, Inc.

Advice Systems, Inc.

A new frontier in financial planning advice

This company and others may be fundraising.

Login or signup to access deals.

Company Overview

Advice Systems, Inc. (ASI) was launched in August 2018 and is an early-stage personal financial technology company and the creator of Intelligent Decision Tools™ (IDT). CEO and Founder Ronald E. Newton, CFP® was the former CEO and Founder of Forefield, Inc. which is the financial industry’s foremost provider of real-time sales, education, and presentation solutions for financial institutions and advisors. Forefield was acquired in 2010 for $19.5 million by Broadridge Financial Solutions, Inc. (BR) and today Broadridge Advisor Solutions has 125,000 advisors as licensed users. ASI expects to enter into a strategic partnership with Broadridge which would include joint marketing to Broadridge’s existing licensed users.

ASI’s vision is to revolutionize personal financial advice by creating a new unique category of FinTech softwareAutomated Personal Financial Advice. Our vision includes making expert holistic personal financial advice available, not only to the 300,000 financial advisors, but also to the 106 million USA households who lack sufficient investible assets to qualify to work with a financial advisor.

Simulating the process of how human financial advisors work with clients, IDT answers both routine and complex personal financial planning questions through a concise Q&A process that typically requires only a few minutes or less to complete. The result is specific recommendations based on the user’s profile making the user an “instant” expert on virtually any personal financial issue, enabling confident financial decisions and providing a rich user experience.

It’s important to identify what IDT is not:

  • It’s neither… traditional financial planning software, (e.g. How much do I need to save to retire?)
  • Nor is it… portfolio management/robo advisor software (e.g. How do I invest the money in my IRA?).

Rather, by incorporating both quantitative and qualitative analysis based on each user’s unique profile, IDT answers specific user questions, making the user an “instant expert” on virtually any personal financial planning issue. We do this through advanced client profiling, and knowledge engineering within a rules-based expert system allowing users to seamlessly answer their personal financial planning questions:

  • Is it better for me to leave an orphan 401(k) with my former employer or to roll it over?
  • When I retire, should I take the monthly pension benefit or rollover the lump sum to my IRA?
  • I am a business owner… what’s the best way for me to save for my retirement?
  • Is a 15-year mortgage better for me or is a 30-year mortgage the better option?
  • What should I do with my stock options and how will I be taxed?
  • Should I lease or purchase my next car?

It’s also important to emphasize that IDT does not replace the critical role that financial advisors provide clients any more than TurboTax eliminated CPAs.

The feedback we’ve received during IDT demonstrations has been overwhelmingly enthusiastic:

“[The software] is shaping up to be an incredibly valuable addition to what exists in the marketplace, and I wholly agree with your vision. In particular the Intelligent Decision Tools seemed very interesting to what I think our advisors would really appreciate.[It] has tons of value [and doesn’t even] need to be integrated with a CRM thanks to the limited data entry requirements.” - Senior Executive from a leading national Broker-Dealer firm - August 2019

Intelligent Decision Tools is very interesting and no one else is doing this. This is good for compliance, and all broker dealers would benefit from this software. This is a no-brainer!” - Nation’s leading FinTech expert - December 2019

ASI’s total addressable market is $1.4 billion based on the combined value of four target markets:

  • Large Financial Enterprises (B2B): $210 million
  • Independent Financial Advisors (B2B): $345 million
  • Workplace Financial Wellness Programs (B2B): $402 million
  • Consumer Financial Websites (B2B2C): $408 million

ASI has been bootstrapped by founder Ron Newton since it launched in August 2018, investing $1.8 million thus far, and is now seeking $500,000 in seed financing. ASI believes this is an outstanding investment opportunity and your investment would serve to democratize and revolutionize providing personal financial advice… Expert advice made simple!

Pitch Deck

Traction

  • Initiated pilot test with a nationally recognized wealth management firm

    January, 2020
  • Leading FinTech expert feedback; “No one else doing this”… “All broker dealers would benefit from this software”… “This is a no-brainer!”

    December, 2019
  • IDT commercially available

    December, 2019
  • Overwhelmingly positive feedback from product demos to industry executives

    August, 2019
  • Founder launches ASI, committing $1.8 million to develop the software

    August, 2018
Loading...