Powder
Winter 2024AI Agents for precise document analysis
About Company
Powder is an AI tool that helps wealth advisors rapidly create sales proposals that are personalized for each prospective client. Using LLMs, Powder is able to automate a series of manual tasks such as understanding documents and conversations to create mind-blowing analysis that builds immediate trust. Powder has 3 main features to automate sales workflows - 1. Brokerage, tax and estate document parser thats fast and accurate. 2. Meeting notetaker thats able to capture personalized insights. 3. Portfolio analysis tool that optimizes portfolio returns, risk and fees. Our app saves hours of time and creates a pinpoint proposal that lifts a firm's ability to win new business.
Active Founders
cofounder/CEO Powder - AI growth platform for wealth advisors. Previously, I was cofounder/CEO of RCI Navigator. Navigator helps asset and wealth managers to pace into private assets such as VC, PE, Infra, etc. while taking risks into account. It was acquired by Addepar in Jan 2021. Navigator is used by 150+ firms including UBS and Morgan Stanley. Before that I was cofounder/CEO of Coin (YCW13). Coin was a all-in-one digital credit card that combined all your cards into one.
Sooyung is the co-founder and CTO of Powder, AI sales copilot for wealth advisors. Prior to founding Powder, Sooyung was a founding team member of RCI which was acquired by Addepar in 2021. Sooyung graduated from Johns Hopkins with a BS degree in Computer Science. Out of work, he enjoys playing lacrosse.
Co-founder & Chief Investment Officer for Powder Finance, which is building an AI Sales co-Pilot for wealth advisors to automate gathering financial holdings, analyze portfolios, assess risk tolerance, and summarize data to engage faster and efficiently. He managed portfolio strategies for institutional asset owners for 33 yrs on mandates up to $30B in assets with pioneering innovations in quantitative equity and return forecasting, optimization and risk management. Chair, Investment Committees
I am currently the co-founder and Head of Sales and Operations at Powder. Prior to Powder, I work at the fintech firm, Addepar, as both a Senior Account Executive and Senior Account Manager. I started my career at Goldman Sachs, where I worked in the Private Wealth Management division in San Francisco.