Stockbroker Webull has announced that it has launched an artificial intelligence-based Smart Advisor to celebrate its fifth anniversary and has also released Webull 9.0, an updated version of its platform.
The Webull 9.0 update gives the broker's clients access to a more functional interface, new tools, including Sage Tracker, and financial management.
Smart Advisor, which uses an algorithm developed by Webull, collects basic profile information such as investor goals, risk tolerance, and time horizon to suggest the best investment portfolio, GlobeNewswire reported.
The broker notes that users will always have access to funds invested through Smart Advisor.
Smart Advisor will be available for free until June 30, 2023. Starting in July, there will be a standard annual fee of 20 basis points on AUM assets, which will be charged monthly.
"This milestone anniversary, the launch of Webull 9.0 and Smart Advisor is not only a time for reflection on the company's accomplishments, but also demonstrates that we are at the forefront of the future of retail investing," said Anthony Denier, CEO of Webull.
"We're proud to launch products that make investing easier and more efficient for our users," he added.
Founded in 2017, broker Webull offers its clients a wide range of stock market assets, professional analytics, and an intuitive trading platform with a variety of technical and fundamental analysis tools.
