Mount Row Partners has invested USD 25 million in Kairoswealth, an innovative artificial intelligence-based wealth management platform. This move targets high-net-worth segments, multi-family offices, single-family offices, and asset managers, marking a significant advancement in wealth management.
Kairoswealth is redefining the wealth management experience by harnessing Artificial Intelligence (AI), seamlessly connecting clients with hard-to-access products, custodians, financiers, and end clients, a niche traditionally dominated by multi-family offices.
A unique feature of Kairoswealth is its provision of alternative investment opportunities in a fractionalized format, complemented by embedded leverage. For businesses, Kairoswealth offers a B2B solution that outperforms traditional models. The platform’s AI-research desk operates five times faster at half the cost of conventional human-operated research desks in investment advisory firms.
This investment round has attracted attention from industry stalwarts, including Shailesh Haribhakti, a renowned financial advisor and corporate governance expert in Asia.
Post-investment, the board will welcome new members as Kirk Wagar, former US ambassador to Singapore and Partner at Mount Row, is set to join as Vice-Chairman. His vast experience spans from running a litigation firm in the US to holding leadership roles in various financial services companies.
Mount Row’s Founding Partner, Krishan Rattan, will assume the role of Chairman, while Haribhakti will join as the board’s advisor. “We are thrilled to invest in AI for wealth. We believe it holds the potential to generate unprecedented profits, striking a balance between efficiency and responsibility when trained and regulated appropriately,” said Rattan.
Over the past two decades, the wealth management industry has witnessed an enormous change. While wealth generation has surged, with assets under wealth managers doubling, the profitability of traditional wealth managers has decreased. This trend underscores an innovation gap in the industry. With most fintech solutions targeting retail, AI rejuvenates the conventional wealth and asset management sector, especially for high-net-worth individuals (HNIs) and ultra-HNI individuals (UHNIs).
Notably, Kairoswealth’s AI capabilities streamline processes, allowing for a 30% cost reduction. Businesses can also unlock up to 25% more revenue by efficiently matching investment opportunities to clients. However, access to Kairoswealth is currently by invitation only, ensuring a premium experience but limiting immediate access for potential users.
For a comprehensive understanding and to explore the offerings of Kairoswealth and Mount Row Partners, interested parties may visit their official websites at https://kairoswealth.com and https://mount-row.com.
About Kairoswealth:
Kairoswealth is an AI-driven platform that enhances the investment experience for High-Net Worth individuals and family offices. The platform connects clients with hard-to-access investment products and opportunities by leveraging the latest AI technology.
About Mount Row Partners:
Mount Row Partners is a global investment powerhouse headquartered in Singapore, with offices in the UAE, India, and the USA, that manages over USD 1.2 Billion in Assets Under Management, including Energy, Infrastructure, and financial services. Founded by Krishan Rattan, the firm has made significant strides in energy storage and renewable energy projects in collaboration with the Government of Maharashtra in India.
Contact Information:
Contact Person’s Name: Arti Srinath
Company/Organization Name: Kairoswealth
Company website: https://kairoswealth.com
Contact Email Address: PR@kairoswealth.com / Arti@kairoswealth.com
