SAN FRANCISCO/LONDON – MARCH 8th , 2022 – Prometheus Technologies today announces the launch of its asset management solution that is set to redefine personalisation in the investing world, seizing on the industry’s irreversible shift towards values-driven and impact investing.
The Company has developed an app-based intuitive, easy to use B2B2C solution which, for the first time, enables investors to truly shape their portfolios according to their personal values, reacting to news and events in real-time and facilitating investments behind “good actors” while excluding “bad actors”. The company’s objective is to guide users towards stronger personal impact goals as well as enabling better returns at substantially lower costs.
Prometheus enables partners, including fintechs, banks, brokers, insurers and pension providers, to offer scaleable, accessible institutional-grade investing to their retail customers. The Company has developed a turnkey solution – based on AI investing – which offers alpha generation combined with a personalized portfolio. Built to service a wide range of partners, Prometheus will deliver a complete investing solution including regulatory, compliance and analytics functions. Partners benefit by being able to offer a new range of values-driven investment services to existing and potential customers.
The Company’s leadership, investor base and advisors are steeped in asset management. Many of the team are ex-Aberdeen Asset Management and are pioneers in machine learning investing on a global scale. Prometheus has developed the solution in ‘stealth’ mode for the past two years.
“Prometheus empowers every individual to develop their own personal strategy, creating an investment portfolio driven by their core values. This has never been done before,” said Grigorios Papamanousakis, Founder and CEO of Prometheus Technologies. “The world of asset management has long been the preserve of traditional players who have failed to meet the needs of retail investors. Through our proposition we are truly personalizing asset management and, through our partners, we are delivering institutional grade investing to retail customers for the first time.”
“For partners who already offer investing to their clients, we can profoundly enrich a values-driven experience. For partners who don’t, we can provide the complete solution,” added Mr. Papamanousakis, the former Head of Macro Machine Learning Portfolio Management and deputy head of Systematic Solutions at Aberdeen Asset Management. Alongside the freedom to create portfolios, all investment decisions will still reside with Prometheus which acts as a discretionary portfolio manager.