The startup offers a financial platform that provides personalized portfolio management tools for online brokers and asset managers, featuring portfolio analytics such as rebalancing, asset allocation, and tax-efficient strategies. By utilizing advanced screening capabilities, clients can create and manage customized stock portfolios while optimizing tax implications.
Funding
$540K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Existing financial platforms often lack the ability to aggregate accounts across multiple custodians, hindering a comprehensive view of client assets. Furthermore, advisors struggle to efficiently manage portfolios, optimize tax implications, and incorporate AI-driven insights into their investment strategies.
Solution
Citec provides an AI-powered platform designed to streamline portfolio management and enhance advisor-client collaboration. The platform aggregates client accounts from various sources, offering a holistic view of their financial landscape. Citec's solution automates tasks such as rebalancing and tax loss harvesting, freeing up resources for advisors to focus on client relationships. By integrating generative AI and advanced analytics, Citec empowers advisors with real-time insights, intelligent predictions, and personalized advice tailored to individual client portfolios and financial goals.
Target Audience
Citec primarily serves Registered Investment Advisors (RIAs), family offices, wealth managers, private banks, asset managers, and online brokers seeking to enhance their portfolio management capabilities and client engagement.
Features
- Account aggregation from over 1,000 financial institutions, providing a 360-degree view of client assets
- AI Copilot offering contextual support, interactive advice, and knowledge based on internal and external data sources
- Customizable screeners with over 30 filters for equities, ETFs, and mutual funds, including fundamental, performance, geographic, sector, and ESG criteria
- Portfolio analytics including performance, risk metrics, and backtesting
- Automated rebalancing and tax management tools to optimize after-tax returns
- API access for integrating Citec's solutions into existing systems
- Secure information sharing and collaboration in a digital environment