Hedgeable was a U.S.-based financial services company and digital wealth management platform that operated from 2009 until its closure in 2018. Here is an overview of what the product offered and its key features:
What Hedgeable Did
Hedgeable was a robo-advisor that provided highly tailored and actively managed investment strategies, differing significantly from the traditional modern portfolio theory used by many other robo-advisors. It was designed to offer dynamic and responsive investment management, adjusting portfolios in response to market movements with a strong focus on downside protection during bear markets.Key Features and Functionality
Customized Portfolios
Hedgeable allowed clients to create highly customized portfolios based on their individual preferences and risk tolerance. This included access to over 200 options for customization, incorporating a wide range of asset classes such as international and domestic equities, currencies, commodities, real estate, and more.Advanced Investment Strategies
The platform employed advanced investing techniques, including downside-risk protections and core-satellite investing. It also offered unique investment options such as bitcoin, venture capital, and socially responsible investing, allowing clients to invest in causes like alternative energy, female leadership, or LGBTQ equality.Account Types and Options
Hedgeable supported a diverse array of account types, including retirement accounts (e.g., solo 401(k)s, SIMPLE IRAs, SEP-IRAs), taxable accounts, business accounts (e.g., LLC, sole proprietorship, investment club), and various trust options. However, it did not offer 529 college savings plans, individually directed IRAs, or custodial IRAs.Automated Management and Support
Each account came with automated management using AI and machine learning for portfolio rebalancing. Clients also had access to features like tax-loss harvesting, fractional share buying, and the ability to switch to 100% cash or equivalents during high-risk periods to prevent losses. The platform provided what it called “fanatical seven-day support” to ensure clients were well-supported.Additional Features
- Account Aggregation: Clients could aggregate their accounts for a comprehensive view of their financial situation.
- Alternative Investments: Access to alternative investments like private equity and master limited partnerships.
- Alpha Rewards: Hedgeable offered an “Alpha Club” rewards system, which provided exclusive rewards based on investment performance.
- Mobile App: The company launched an iOS mobile app in 2016 to expand its product offerings.