Gideon Wealth Management, based in Santa Monica California, will be working with Lumenai Investments of Stamford to bring artificial intelligence (AI) directed portfolios to their customers per a June 27 press release.
“Innovation is one of Gideon’s core values, so naturally, we would add AI-driven funds to help meet our clients’ personalized needs and goals. AI will be a game-changer for investing, and Lumenai will make it easy for us to bring it to our clients,” said Robert Amoruso, CEO & Founder of Gideon Strategic Partners.
Lumenai will help the firm provide “customizable, alpha-seeking separately managed portfolios” for high net-worth individuals who need tax efficient long term investing strategies.
“We’re pleased to be partnering with Gideon. We believe that we add a valuable addition to their investment offering and that we’ll help them perform better for their clients and contribute to the firm’s ability to scale and grow,” said John Bailey, Founder and CEO of Lumenai.
