WealthRyse Holdings Limited (CEO David Lee) announced its participation in “COMEUP Stars 2024,” part of the global startup festival COMEUP 2024.
COMEUP Stars 2024 will feature 50 innovative startups in a competitive IR pitching session called “Startup Valley.” Participants include 30 companies in the Rookie League, 10 in the Runners League, and 10 selected from the Rocket League, which is based on recommendations from the COMEUP House and the advisory committee. The finalists represent 13 countries, including South Korea, the United States, the Netherlands, Sweden, Denmark, India, and Türkiye, showcasing COMEUP’s global scale.
WealthRyse offers an AI “co-pilot” solution to revolutionize wealth advisory and asset management. This sophisticated AI engine empowers advisors to deliver customized portfolios on demand, enhancing their ability to provide financial outperformance and tailored investment solutions to their clients. The AI uses a neural network engine to process vast economic data, generating actionable insights and predictive analytics. Built by a team with expertise in designing AI engines for one of the world’s largest asset managers, WealthRyse combines advanced technology with deep financial knowledge to reshape the wealth management landscape.
The platform aggregates data from diverse sources into a comprehensive data lake, enabling seamless comparison and analysis across asset classes. Its predictive analytics feature provides accurate asset pricing and rebalancing reports, assisting advisors in making informed decisions. Beyond its analytics capabilities, WealthRyse offers tools for portfolio construction, monitoring, and reporting. With an interface resembling a Bloomberg terminal or customizable reports, the platform is user-friendly and accessible, enhancing the advisor’s experience and client engagement.
WealthRyse’s AI engine significantly outperforms traditional human-led investment strategies. By evaluating millions of model combinations in real-time, the AI achieves predictive accuracy and asset pricing results 2-3 times superior to those generated by human analysts. Additionally, its ability to process unstructured data, such as news and social media, through natural language processing allows advisors to tailor strategies to individual client needs, moving beyond one-size-fits-all approaches.
Despite being established less than six months ago, WealthRyse has achieved remarkable milestones. The company has won nearly 20 prestigious AI awards globally, highlighting its cutting-edge technology and innovative approach. It is onboarding three major clients, each with a 14-month growth pipeline, and delivering portfolio returns that consistently outperform leading indices by more than 2x. Financial advisors using WealthRyse are experiencing exponential success, with engagement and revenues growing over threefold month-on-month.
At COMEUP 2024, WealthRyse aims to expand its footprint in key markets, including Korea, Japan, Hong Kong, and China. Collectively, these countries represent over $100 trillion in wealth management and private wealth markets. Hong Kong, in particular, is poised to surpass Switzerland in cross-border private wealth transactions by the end of next year, making it a strategic hub for WealthRyse’s growth.
WealthRyse plans to expand its operations into Latin America and EMEA as part of its long-term expansion strategy. The company seeks to transform wealth management globally, leveraging AI-driven solutions and providing innovative tools and insights that redefine how financial advisors and asset managers approach client portfolios.
COMEUP 2024 will occur on December 11–12 at Coex in Seoul, featuring innovative startups and investors from over 40 countries. This year’s theme, “Innovation Beyond Borders,” highlights startups’ roles in driving global innovation across boundaries of nations and technology. The event will feature conferences, pitching sessions, and exhibitions focusing on deep tech, inbound innovation, and SIS (Sustainable Innovation by Startup).
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