iVest+, a trading platform built for educators and retail investors, has added the AI Screener to its integrated suite of AI solutions.
The iVest+ AI Screener is a deep screener that harnesses the power of AI to simplify and accelerate the process of stock selection, said Chris Mercer, Chief Operating Officer at iVest+.
Unlike traditional tools that require manual data input, the iVest+ AI Screener incorporates natural language to allow users to simply talk to the AI to give it a starting point of what they are looking for, rather than having to key in prompts, Mercer told Traders Magazine.
He said that the AI Screener then processes this natural language input, analyzes more than 300 data points, including 50 options data points, and quickly identifies stocks that match these criteria.
“This intuitive approach makes stock selection faster, easier, and more accessible for traders of all experience levels,” he stressed.
Mercer believes that the iVest+ AI Screener is a “game-changer” because it eliminates the “tedious steps” traditionally involved in stock selection.
With most stock screeners, traders have to manually pick their data points and set the upper and lower limits for each trade, he explained.
“Our AI Screener streamlines this process by allowing users to engage in natural language conversations with the tool – whether it’s giving the tool commands for what they are looking for or when asking the tool to refine their search to better fit their stock selection criteria,” he said.
“Once a user has refined their criteria, they can also save their search so they can run the preset screen as often as they like,” he added.
Instead of manually selecting data points and setting limits, a user might say, “I’m looking for stocks with a P/E ratio between 10 and 20.” The AI Screener processes this input, selects the relevant data points, and provides a list of stocks that fit the criteria.
The user can then refine their search by saying, ‘Change the price range to between $20 and $50.’
“The AI adjusts the parameters accordingly and updates the recommendations,” Mercer said.
The launch of iVest+’s AI Screener marks the latest addition to iVest+’s integrated suite of AI solutions.
Mercer said that iVest+ recently launched its AI Coach and Fundamental Research AI tools.
The Fundamental Research AI tool enables users to comprehensively analyze any stock, providing detailed insights into the strengths and weaknesses of the company, he said.
This includes comparative analysis with other industry stocks, facilitated through the iVest+ platform’s intuitive comparison tool, he added.
“Once a trader has a solid understanding of the different types of stocks and their strengths and weaknesses, our AI Coach acts as a personal mentor, guiding users through various investment strategies, including complex options strategies,” he commented.
“iVest+’s AI-powered tools leverage the latest large language models to ensure all information generated is legitimate, giving users access to reliable and up-to-date information for informed decision-making,” he added.
iVest+ has been around for eight years, offering White Label solutions to more than 15 educational partners.
“Our monthly subscriber base is approaching 20,000 users. Some of our partners have thousands of users each,” Mercer said.
“At iVest+, our innovation is driven by the goal of helping our users save time while making smarter investment decisions – and we’re just getting started,” he said.
“We are continuing to build out our integrated suite of AI solutions, and plan to introduce additional AI-powered trading tools in the coming weeks,” he concluded.
