Klear Finance
Shaping the Future
of Wealth Management
and Personal Finance
About
Us
Our Vision
We believe in modern financial planning for a modern life. Everyone should be able to afford an unbiased, reliable financial partner to guide every aspect of financial life.
What We Are Building
General-purpose LLMs struggle to make sense of industry jargon and lack the domain expertise that helps financial professionals do their jobs. We are developing an architecture integrating LLM technologies with domain knowledge, industry services and mathematical models.
How It Works
Our financial LLM is trained on hundreds of million of token datasets containing news, financial reports, laws, regulations, figures, historical data and general documents. Our technology will let Klear Finance introduce different products in the European market, including a financial assistant which provides market analysis, portfolio diagnosis, asset allocation suggestions, retirement plans, taxes consultancy and investor education. Once obtained regulatory approvals, we will tailor another solution to help financial professionals such as private bankers, wealth managers, investment advisors and insurance claim specialists performing tasks such as investment analysis, information extraction, content creation and insights.
Market challenges
Fiduciary Trend
Customers ask for more transparency from financial services firms, who had already begun altering business practices to lessen conflicts of interest (or the appearance of same). An adviser compensation model that is based on a regular periodic retainer rather than fees or commissions seems to be considered much more transparent by customers.
Generation Gap
Advisors who are ignoring potential Generation X and Millennial clients are doing so at their peril. More than $50 trillion dollars is going to pass from the Baby Boomer generation to their descendants in the next couple of decades. Investment professionals should be prepared to shift back to risk and growth investing for the inheritors and away from the stability, conservation, and retirement income needed by the parents.
AI Impact
The future will likely make seamless digital portals, allowing clients to log in and manage their money, communicate with advisors and planners around the clock, and place trades. These innovations may combine to drastically drive down the price of financial planning and asset management for the public.
Education Gap
Financial literacy is the ability to process economic information and make informed decisions about financial planning, wealth accumulation, and pensions. Financial literates are more likely to invest in stock markets, pay attention to fees, borrow at low costs, accumulate retirement wealth, and diversify risk. According to EU data, only one in two individuals in the European Union, on average, is financially knowledgeable.
Retirement Plan
If retirement planning seems difficult now, it will only get harder for many younger workers who may substantially outlive their parents. Modern medical advances are pushing average projected lifespans into the 90s. The demand for new products, such as longevity annuities, will most likely mushroom in the next several years.
Why
Us
Our Commitment
At Klear Finance our team stands at the forefront of innovation, driven by a collective wealth of deep knowledge and expertise in the realms of AI, personal finance and entrepreneurship. Each member of our diverse team is dedicated to build a different way individuals engage with their personal finance needs. Through our combined expertise and relentless commitment to excellence, we strive to empower our clients with the most indipendent, objective, smart tailored and affordable financial consultancy.
Our Experience
Marco Alò, Massimo Dell'Erba and Federico Quarato has founded their first startup in 2016 and completed their exit in 2022, developing AI pricing and forecasting solutions. Before being enterpreneurs Marco and Massimo has worked in the financial industry (Mediobanca Spa) while Federico has been a professional journalist and a communication consultant. Federico and Massimo has written together "Dynamic Pricing" for FrancoAngeli and they are often guest lecturers in several universities and business schools. Massimo is also a well known italian podcaster, host of "Pillole di Scienza", permanently in the Top Science Podcast on Spotify.
Our Road Map
Klear Finance has been incorporated in April '24. The first MVP will be released during summer 2024. If the MVP will be satisfying, investors will be involved to give the fuel needed to speed up with a rapid growth process.
Contact
Us
Operational Headquarter
@SPACES Piazza Vetra 17
20121 Milano
Registered Office
Via Val Bregaglia 3
20147 Milano
Our Email