Robert Levine
Long Island, NY (USA)
Role(s):
Founder/Owner/Principal
Levine Services, LLC
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Startup
Location:
Massapequa Park
Industry:
Software
Year Founded:
2005
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
Limited Liability Company
Description:
Business Description
Wall Street PhD finance guru has developed and rolled out the first holistic goal-based financial planning analytics software that brings client and market information for capital markets, banking, and insurance products including annuities into patent-pending analytics to generate the most accurate, actionable measures of risk and optimized recommendations for better asset allocation and location in short, better advice and disclosure.
The mobile and tablet app software can be used by investors and advisers, and the browser-based software is geared to institutional advisers. Mobile apps are live and the patent-pending institutional software has been beta tested and independently validated. Clients are coming in for the mobile apps and a pipeline of interested clients is growing for the institutional software.
The owner of the software and IP seeks a company to invest in the intellectual property. He wants to continue to drive product development, marketing, and implementation in a funded entity. He is also interested in selling the IP to a company with larger resources who wants to acquire the development expertise, operational software, patents and trademarks, and other IPR in order to bring the software to the market in the most effective fashion.
The market for this software can be summarized as follows: The $39 trillion held by the rich is increasingly actively managed, and these wealthy clients are seeking customized advice and demanding full disclosure about the securities they buy. (From the 2010 Merrill Lynch Capgemini World Wealth Report).
Assets:Intellectual property including software, websites, patents, trademarks, documentation, business and marketing plans, customer pipelines, financial models and validation certificates, owner expertise, and other trade secrets.
Market Outlook: The competitive advantages: (1) first platform to consider annuities and other insurance products in overall wealth planning and portfolio construction; (2) first mobile financial planning analytics and optimization app to market; (3) most sophisticated risk- and return-based portfolio optimizer and scenario analyzer on the market, and (4) apps and tablet software offer best-in-class analytics at a price point much lower than competitive software licenses