Meet the World’s First AI-Powered Wine Robo Advisor – Vinovest Unveils New Mobile App
Vinovest provides users with access to investment grade, globally diversified wines that perform more consistently and reliably than gold or cryptocurrency
LOS ANGELES–(BUSINESS WIRE)–#AI—Vinovest, a digital platform democratizing access to the previously exclusive world of fine wine investing, today announces the release of its new iOS and Android apps, delivering the first mobile platform for investors to build, track and analyze their own fully-insured wine portfolios. As the world clamors for more choice and access to alternative investments (alts), Vinovest delivers access to an asset class traditionally available to less than 1% of all investors. The aggregate value of alts, $4.1 trillion in 2010, is projected to increase over 300% to $17.2 trillion, by 2025.
With a global network of connections to wineries, exchanges and merchants, Vinovest enables investors of all risk appetites and skill levels to invest, acquire, and securely store wine. Aided by the help of its dedicated portfolio advisors and proprietary artificial intelligence-based algorithm, Vinovest searches for personalized buying opportunities for each investor. With its new app, Vinovest users will have the ability to make deposits, manage their investments, view returns and access detailed information about each wine in their portfolio, from any mobile device.
“Jay-Z, Dwyane Wade, Madonna, and countless other entertainers and athletes have been investing in fine wine and champagne for years,” said Anthony Zhang, CEO and Co-Founder at Vinovest. “Our new mobile app brings the emerging asset class of fine wine even closer to all consumers. It’s a simple fact that wine investing is not an option for many given the average wine cellar is valued at $33,750. Inflation continues to surge making it even more important that today’s investors have access to a low risk, diversifying investment that has little correlation to traditional investments.”
Vinovest handles the storage, authentication, shipping and insurance considerations for a fraction of what they would typically cost. World-class sommeliers and portfolio advisors are on-call to guide investors through the various wine styles, estates, regions and vintages available to them. Vinovest users fully own each wine in their portfolio and are empowered to buy, sell, or…drink them, at their discretion.
A $686 billion global market, the world of fine wine has been steadily growing. Research from investment consultancy Knight Frank shows fine wine has appreciated 127% over the last decade, outperforming luxury handbags, colored diamonds, blue-chip art, and rare furniture, while fine wine investors have experienced 13.6% annualized returns over the past 15 years.
Investors interested in opening an account with Vinovest can begin on the “Starter” tier with as little as $1,000, while its most advanced offering, the “Grand Cru,” starts at $250,000. Recently, Vinovest rolled out its “Plus” tier that requires a $10,000 minimum with added benefits that complements its $50,000 “Premium” plan.
For more information, please visit vinovest.co or download its mobile offering on the iOS App Store and the Google Play app store.
Vinovest is a digital platform democratizing access to the world of fine wine investing. Vinovest’s easy-to-use offering combines unparalleled wine expertise with sophisticated investment models to curate wine portfolios based on investors’ risk tolerance and investment time horizons. Investors using Vinovest build their wine portfolios with the help of the company’s dedicated portfolio advisors and its proprietary artificial intelligence-based algorithm that searches for personalized buying opportunities for each investor. Vinovest’s platform includes a dedicated solution for institutional investors and wealth managers that provides access to the fine wine market. Tapping into an extensive network of top wineries and trusted fine wine merchants, Vinovest simplifies fine wine investing by sourcing, authenticating, storing and insuring each bottle of wine—which investors are free to enjoy or sell whenever they please. For more information, or to open an account, please visit vinovest.co and make sure to follow along on Twitter, LinkedIn and Facebook.
Contacts
StreetCred PR
Jason Lahita
jason@streetcredpr.com
973-460-7837
Will Ruben
William@streetcredpr.com
847-208-8289