Longwave Advisor, a goal-based, automated investing platform for Millennials, has launched with backing from its parent company, Wavelength Capital Management, an independent alternative investment management firm in New York City.
Using the latest investment concepts from many of the world's leading financial institutions, Longwave Advisor brings advanced, fully-automated, low-cost portfolio management to individual investors. "Longwave Advisor opens the doors to institutional-quality investing, allowing individuals to invest like pensions and endowments," says Co-Founder and CEO Mark Landis. Longwave Advisor is designed around the financial goals of Millennials and young families, offering simple, easy-to-understand investment options at a low cost. According to Co-Founder and CIO Andrew Dassori, "With Longwave we want to help people invest as efficiently as possible toward their financial goals. Combining our advanced strategy with a sophisticated financial planning process based on asset-liability matching, we seek to make these goals a reality."
Longwave Advisor aims to help people grow wealth over time by saving and investing through its automated platform. The platform allows users to invest toward financial goals like buying a home, saving for a vacation, planning their wedding, or donating to a charitable cause. After selecting a financial goal, called a Wealthblock, investors complete a behavioral questionnaire that tailors their investment portfolio to each goal's risk tolerance and time horizon. Client portfolios are then invested in up to 40 global markets through low-cost exchange traded funds (ETFs). Investors are able to monitor their portfolio on a personalised investment dashboard. Accounts are available from a minimum investment of USD3,000 for individuals under 25 and USD5,000 for individuals over 25.
Longwave Advisor is different from traditional financial advisors and other robo-advisors due to its sophisticated and active investment approach, which targets balanced and diversified portfolios hedged to rising or falling economic conditions. Longwave Advisor offers lower fees than other firms pursuing similarly sophisticated strategies and uses tax-loss harvesting to help investors grow wealth efficiently.
"We are able to offer a sophisticated investment strategy with low fees due to the inherent scalability of the technology behind our process," said Dassori. "Our investment approach seeks to avoid the common drawbacks of other automated advisors by managing risk actively in each individual's portfolio."
Longwave Advisor's intuitive investing platform and process makes financial planning easier. "Our mission is simple: we want to help people meet their financial goals," says Dassori. "Sophisticated investors and institutions want portfolios to respond to changing market conditions. We want to offer people access to the latest investment strategies and help increase their probability of meeting financial objectives through greater returns."
Longwave Advisor's investment team, led by Dassori and Landis, has over 40 years of experience managing investments for large institutions. Their industry background helps the firm stand out for its investment capabilities beyond the common advantages of digital wealth managers.
Previously, Dassori and Landis founded Wavelength Capital Management, an independent alternative investment management firm specialising in liquid, transparent, and cost-effective investment solutions designed to preserve assets and produce consistent returns in any economic environment. Originally, both Dassori and Landis were at Credit Suisse.