Artificial intelligence (AI) is rapidly transforming the financial industry, and AI investing software and apps are becoming increasingly popular. These apps use AI to help investors make better investment decisions, automate their trading, and stay ahead of the market.
If you’re looking for an AI investing software or app, there are a few things you’ll want to keep in mind. First, consider your investment goals. Are you looking to grow your wealth over the long term, or are you more interested in short-term trading? Once you know your goals, you can start to narrow down your options.
Another important factor to consider is your risk tolerance. How much risk are you comfortable taking with your investments? AI investing software and apps can help you manage your risk by providing insights into the market and potential risks.
Finally, you’ll want to consider the fees associated with the AI investing software or app. Some apps charge a monthly fee, while others charge a commission on each trade.
Here are 10 of the best AI investing software and apps in 2023:
1. Wealthfront
Wealthfront is a robo-advisor that uses AI to help you create a diversified portfolio of investments. The app is easy to use and offers a variety of features, including automatic rebalancing and tax-loss harvesting.
Founded: 2011
Headquarters: Palo Alto, CA
Type: Robo-advisor
Fees: 0.25% for accounts under $500,000; 0.15% for accounts over $500,000
Pros:
Easy to use: Wealthfront is a very easy-to-use app. You can create an account and start investing in minutes.
Low fees: Wealthfront has some of the lowest fees in the robo-advisor industry.
Automated investing: Wealthfront automatically rebalances your portfolio and harvests tax losses, which can help you save money.
Tax-advantaged accounts: Wealthfront offers a variety of tax-advantaged accounts, including IRAs, 401(k)s, and HSAs.
Cons:
Limited investment options: Wealthfront only offers a limited number of investment options.
Not FDIC insured: Wealthfront is not FDIC insured, so your investments are not protected by the government.
Minimum investment: There is a minimum investment of $500 to open an account with Wealthfront.
Wealthfront offers both free and paid plans. The free plan is called “Core” and has a 0.25% annual fee. The paid plan is called “Premium” and has a 0.15% annual fee. The Premium plan offers additional features, such as access to a financial advisor and more personalized investment advice.
2. Betterment
Betterment is another popular robo-advisor that uses AI to manage your investments. Betterment offers a variety of investment portfolios, including a socially responsible portfolio.
Founded: 2008
Headquarters: New York, NY
Type: Robo-advisor
Fees: 0.25% for accounts under $100,000; 0.15% for accounts over $100,000
Pros:
Easy to use: Betterment is a very easy-to-use app. You can create an account and start investing in minutes.
Low fees: Betterment has some of the lowest fees in the robo-advisor industry.
Automated investing: Betterment automatically rebalances your portfolio and harvests tax losses, which can help you save money.
Tax-advantaged accounts: Betterment offers a variety of tax-advantaged accounts, including IRAs, 401(k)s, and HSAs.
Socially responsible investing: Betterment offers a socially responsible investing option, which allows you to invest in companies that meet your environmental, social, and governance (ESG) standards.
Cons:
Limited investment options: Betterment only offers a limited number of investment options.
Not FDIC insured: Betterment is not FDIC insured, so your investments are not protected by the government.
Minimum investment: There is a minimum investment of $100 to open an account with Betterment.
Betterment offers both free and paid plans. The free plan is called “Basic” and has a 0.25% annual fee. The paid plan is called “Premium” and has a 0.15% annual fee. The Premium plan offers additional features, such as access to a financial advisor and more personalized investment advice.
Overall, Betterment is a great option for investors who are looking for an easy-to-use, low-cost robo-advisor. However, it is important to keep in mind the limitations of the platform, such as the limited investment options and the lack of FDIC insurance.
3. Personal Capital
Personal Capital is a financial management app that offers AI-powered investment advice. Personal Capital also provides you with a comprehensive view of your finances, including your spending, net worth, and retirement savings.
Founded: 2009
Headquarters: Redwood City, CA
Type: Financial management app
Fees: Free for basic account; $39.99/year for premium account
Pros:
Easy to use: Personal Capital is a very easy-to-use app. You can connect your bank accounts and investment accounts in minutes.
Comprehensive financial view: Personal Capital provides you with a comprehensive view of your finances, so you can see where your money is going and make better financial decisions.
AI-powered investment advice: Personal Capital uses AI to help you create a diversified portfolio of investments and track your progress over time.
Tax-loss harvesting: Personal Capital automatically harvests tax losses, which can help you save money on your taxes.
Cons:
Not a robo-advisor: Personal Capital is not a robo-advisor, so you do not have the option to have your portfolio automatically rebalanced.
Limited investment options: Personal Capital only offers a limited number of investment options.
Minimum investment: There is a minimum investment of $2,000 to open an account with Personal Capital.
Personal Capital offers both free and paid plans. The free plan is called “Essentials” and includes access to your financial accounts, investment advice, and tax-loss harvesting. The paid plan is called “Premium” and includes additional features, such as access to a financial advisor and more personalized investment advice.
4. SigFig
SigFig is an AI investing app that helps you build a personalized portfolio of investments. SigFig also offers a variety of educational resources to help you learn more about investing.
Founded: 2015
Headquarters: San Francisco, CA
Type: AI investing app
Fees: Free for basic account; $10/month for premium account
Pros:
Easy to use: SigFig is a very easy-to-use app. You can create an account and start investing in minutes.
Personalized portfolio: SigFig uses AI to help you build a personalized portfolio of investments that is tailored to your risk tolerance and investment goals.
Educational resources: SigFig offers a variety of educational resources to help you learn more about investing, such as articles, videos, and webinars.
Tax-loss harvesting: SigFig automatically harvests tax losses, which can help you save money on your taxes.
Cons:
Limited investment options: SigFig only offers a limited number of investment options.
Minimum investment: There is a minimum investment of $2,000 to open an account with SigFig.
SigFig offers both free and paid plans. The free plan is called “Basic” and includes access to your investment portfolio, educational resources, and tax-loss harvesting. The paid plan is called “Premium” and includes additional features, such as access to a financial advisor and more personalized investment advice.
5. Quantopian
Quantopian is an AI investing platform that allows you to create and backtest your own investment strategies. Quantopian also offers a variety of educational resources to help you learn more about algorithmic trading.
Founded: 2011
Headquarters: New York, NY
Type: AI investing platform
Fees: Free for basic account; $49/month for premium account
Pros:
Create your own strategies: Quantopian allows you to create your own investment strategies using Python.
Backtest your strategies: Quantopian allows you to backtest your strategies on historical data to see how they would have performed.
Educational resources: Quantopian offers a variety of educational resources to help you learn more about algorithmic trading.
Community: Quantopian has a large and active community of traders and investors who can help you learn and grow.
Cons:
Can be complex: Quantopian can be complex to use, especially for beginners.
Requires coding skills: You need to have some coding skills to use Quantopian.
Not a robo-advisor: Quantopian is not a robo-advisor, so you do not have the option to have your portfolio automatically managed.
Quantopian offers both free and paid plans. The free plan is called “Community” and includes access to the Quantopian platform, educational resources, and the community. The paid plan is called “Premium” and includes additional features, such as backtesting on live data and the ability to run more concurrent simulations.
6. Alpha Architect
Alpha Architect is an AI investing app that uses machine learning to identify undervalued stocks. Alpha Architect also offers a variety of investment research tools to help you make informed investment decisions.
Founded: 2015
Headquarters: San Francisco, CA
Type: AI investing app
Fees: Free for basic account; $199/month for premium account
Pros:
Identifies undervalued stocks: Alpha Architect uses machine learning to identify undervalued stocks that are likely to outperform the market.
Investment research tools: Alpha Architect offers a variety of investment research tools to help you make informed investment decisions, such as stock screeners, analyst ratings, and news.
Educational resources: Alpha Architect offers a variety of educational resources to help you learn more about AI investing, such as articles, videos, and webinars.
Cons:
Can be expensive: The premium plan is quite expensive, so it may not be suitable for everyone.
Not a robo-advisor: Alpha Architect is not a robo-advisor, so you do not have the option to have your portfolio automatically managed.
Alpha Architect offers both free and paid plans. The free plan is called “Lite” and includes access to the Alpha Architect platform, investment research tools, and educational resources. The paid plan is called “Pro” and includes additional features, such as stock screeners, analyst ratings, and news.
7. Stock Rover
Stock Rover is a stock analysis tool that uses AI to provide insights into stocks. Stock Rover also offers a variety of charting tools and backtesting features.
Founded: 2014
Headquarters: Toronto, Canada
Type: Stock analysis tool
Fees: Free for basic account; $9.99/month for standard account; $19.99/month for premium account
Pros:
AI-powered insights: Stock Rover uses AI to provide insights into stocks, such as their fair value, risk, and expected returns.
Charting tools: Stock Rover offers a variety of charting tools to help you visualize stock data.
Backtesting features: Stock Rover allows you to backtest investment strategies to see how they would have performed in the past.
Cons:
Can be complex: Stock Rover can be complex to use, especially for beginners.
Not a robo-advisor: Stock Rover is not a robo-advisor, so you do not have the option to have your portfolio automatically managed.
Stock Rover offers both free and paid plans. The free plan is called “Lite” and includes access to the Stock Rover platform, charting tools, and backtesting features. The paid plans include additional features, such as AI-powered insights, research reports, and social media integration.
8. TradingView
TradingView is a charting platform that uses AI to provide insights into the market. TradingView also offers a variety of technical analysis tools and a social media platform where you can connect with other traders.
Founded: 2011
Headquarters: Montreal, Canada
Type: Charting platform
Fees: Free for basic account; $14.95/month for Pro account; $59.95/month for Pro+ account
Pros:
AI-powered insights: TradingView uses AI to provide insights into the market, such as trend lines, support and resistance levels, and Fibonacci retracements.
Charting tools: TradingView offers a variety of charting tools to help you visualize market data.
Social features: TradingView allows you to connect with other traders and investors through its social media platform.
Cons:
Can be complex: TradingView can be complex to use, especially for beginners.
Not a robo-advisor: TradingView is not a robo-advisor, so you do not have the option to have your portfolio automatically managed.
TradingView offers both free and paid plans. The free plan is called “Free” and includes access to the TradingView platform, charting tools, and social features. The paid plans include additional features, such as AI-powered insights, research reports, and data export.
9. Bard
Bard is an AI investing app that helps you build a personalized portfolio of investments. Bard also offers a variety of educational resources to help you learn more about investing.
Founded: 2022
Headquarters: Mountain View, CA
Type: LLM
Fees: Free
Pros:
Can be used for a variety of tasks: Bard can be used for a variety of tasks, including generating text, translating languages, writing different kinds of creative content, and answering your questions in an informative way.
Free to use: Bard is free to use, so you can experiment with it without having to pay anything.
Open source: Bard is open source, so you can see how it works and contribute to its development.
Cons:
Not yet fully developed: Bard is still under development, so there are some limitations to what it can do.
Can be inaccurate: Bard can sometimes be inaccurate, especially when it is asked to generate creative content.
Bard is currently free to use. However, there may be a paid version in the future that offers additional features.
10. CrowdStrike Falcon AI
CrowdStrike Falcon AI is an AI-powered security platform that helps protect businesses from cyber threats. Falcon AI uses machine learning to identify and respond to threats in real time.
Founded: 2011
Headquarters: Sunnyvale, CA
Type: Security platform
Fees: Paid
Pros:
Highly effective: Falcon AI has been shown to be very effective at detecting and responding to threats.
Scalable: Falcon AI can be scaled to protect large businesses with complex IT environments.
Easy to use: Falcon AI is easy to use and manage, even for businesses with limited IT resources.
Cons:
Cost: Falcon AI is a paid platform, so it can be expensive for some businesses.
Not a silver bullet: Falcon AI is not a silver bullet, and it cannot guarantee that businesses will be immune to cyber attacks.
CrowdStrike Falcon AI is a paid platform. The pricing is based on the number of endpoints that need to be protected.
AI investing software and apps are a powerful tool that can help you make better investment decisions. However, it’s important to remember that AI is not a silver bullet. It’s still important to do your own research and understand the risks involved in investing.
If you’re new to investing, I recommend starting with a robo-advisor like Wealthfront or Betterment. These apps are a great way to get started with AI investing and learn more about how it works.
As you become more experienced, you may want to explore other AI investing software and apps. There are many great options available, so you’re sure to find one that fits your needs and goals.
