Pefin Launches the World’s First AI Financial Advisor

Share Article

Company announces public beta release of its artificial intelligence platform that helps anyone make important financial decisions effortlessly and confidently

News Image
We’ve designed a system that understands and can respond to all of life’s ups and downs; one that adapts and evolves with the realities of the market; and one that learns from you.

Pefin, the world’s first AI financial advisor, launched from stealth today and entered into public beta. Pefin’s proprietary technology helps users navigate the important decisions that impact their long-term financial well-being -- from buying a house to starting a new job to saving for a child. It will also provide personalized, actionable investment strategies that are tied to your specific financial plans (coming in Q1 2016). Users can request access to Pefin at

Pefin’s AI technology provides the same level of intelligent guidance as a human advisor at 1/20th of the cost. The platform securely aggregates a user’s financial information then helps them build comprehensive plans to reach their individual and unique long-term goals. In comparison, collaboration with a human financial advisor to build a one-time financial plan costs on average $1,900 and can take 3-5 meetings.

Pefin is built on dynamic planning. Each plan is personalized for the individual user, taking into account often forgotten details like federal and state taxes, maintenance costs, insurance or inflation. Pefin’s intelligent system automatically determines the long-term impact of each plan, and how one affects another. For instance, a user could see how buying a more expensive house will affect their plan to send a child to college. Pefin can surface recommendations and alternatives to address any shortfall, allowing the user to choose the best path for them.

“We built Pefin to help anyone understand their money, make the plans they want, and confidently know how to save and invest, ongoing, to achieve those plans,” said CEO and founder Ramya Joseph. “Most plans you will get today are great for the moment, but ultimately static. And life is far from static. We’ve designed a system that understands and can respond to all of life’s ups and downs; one that adapts and evolves with the realities of the market; and one that learns from you. More importantly though, we’re making this level of financial guidance easy and affordable. That is the power of AI.”

Pefin’s technology tracks more factors than the software used by human financial advisors -- market rates, tax codes, inflation, area-specific property taxes, and more. On average, there are over 2M data points analyzed for each user every time a new plan is added or market conditions change. This technology is based on feedforward neural networks, incorporates machine learning techniques, and is more accurate than conventional software used.

“Our algorithms learn from your personal preferences and our system automatically adapts, updating your financial plans based on your activity,” continued Ramya. “For instance, we can tell that you’re consistently saving more than you planned, and we might suggest accelerating a vacation plan accordingly or retiring earlier than planned. We adjust based on what you actually do, not what you say you’re going to do. We act as a fiduciary, always having your best interests in the advice we provide.”

Key Pefin features include:

--Plan, track, save and invest in one place -- whenever, wherever
--Link over 18,000 institutions including the top banks, credit, cards, investment accounts, mortgages and loans
--Easily build the most comprehensive, custom plans that take into account taxes, insurance, overlooked fees, inflation, lifestyle changes, and more
--See your plans automatically adjust and recalibrate based on market changes, the latest estimates, and actual spending and savings behavior
--Invest with strategies personalized to your individual plans and life objectives (pending regulatory approval, targeted availability in Q1 2016)
--Access your advisor 24/7, at your convenience, no meetings or periodic check-ins
--Be protected by the strongest security standards, with every piece of personally and financially identifiable information in the system encrypted -- not just the password

Users can access Pefin for free during the beta period, until the end of January 2016. Beginning in February 2016, Pefin will be available to the first 10,000 users at an introductory rate of $6/month for the first year. Subsequent years will run $12/month. The first month is always free of charge. The company will begin rolling out invites over the next few weeks, and users can request access or find out more by visiting

Pefin Advisors, LLC is an SEC Registered Investment Advisor, under Section 203(c) of the Investment Adviser Act of 1940.

About Pefin

Pefin is the world's first AI financial advisor. We make it easier than ever to secure a happy financial future.

Our platform uses proprietary artificial intelligence technology to help you make the most important financial decisions effortlessly and confidently. We provide personalized, actionable planning and investment strategies that automatically adapt and grow with you as your life and the world around you changes.

Pefin was founded in 2011 and is headquartered in New York. For more information, please visit

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Brittany Solano
Jones-Dilworth, Inc.
+1 972.809.6832
Email >
Visit website