AVA to provide robo-advisory app to investors

Nirun Pravittana, chief executive of AVA Advisory, said the application was a robo-adviser with artificial-intelligence (AI) technology to help investors increase their returns easily by just using their smartphones. 
The firm spent a year developing the app.
AVA Advisory also offers guidance on asset allocation, stock screening, money management, portfolio adjustment, analysis of personal investment selections, smart notifications, and real-time complex stock analysis. Its investment analysis includes record-tracking of up to 12 years, and advice on selecting stocks with backward analysis and forward tests. 
Retail investors will now be able to use the service via AVA’s business partners Kasikorn Securities, SCB Securities, Phatra Securities, Phillip Securities and Finansia Syrus Securities. 
The firm expects to be providing its service via around 10 business partners by the end of this year. It will also provide the app to individual investors for a service fee, and customers will be able to download the app to Android and iOS devices. The service will be available starting next month.
Nirun said the firm was working with Settrade, a multi-market trading application, that will allow investors who are members of AVA business partners get directly access to online trading with Settrade via the AVA app by the third quarter of this year. 
It will also work with its business partner in Singapore to provide AVA Advisory service so that investors can trade online on the Singapore Exchange next quarter. It plans to expand its service to the New York Stock Exchange and Nasdaq in the fourth quarter, and to cover Japan (JPX), China (SSE), Hong Kong (SEHK) and Vietnam next year.
“We have a mission to help all people become successful investors despite income inequality. The AVA app can help increase speed and accuracy, limit risks, and increase profits continuously in every situation,” Nirun said.
Miranda Songpattansilp, chief financial officer of AVA Advisory, said the firm was spending around Bt50 million this year to develop new services. In the third quarter, it will come out with a new service called AVA Alpha, a fully automated private fund that will make investing effortless. 
AVA Alpha will provide a personalised asset-management system, using complex quantitative finance statistics and other financial analysis to maximise return of investment and sustainable wealth creation, the firm says. The AVA Alpha service is designed for investors who want savings, personal funding, wealth creation and retirement plans.
“We aim to be a regional leader in providing AI technology to support investors within the next several years or by 2020,” she said. 
“In Thailand, we expect 650,000 downloads with around 120,000 active users or 30 per cent of total downloads by the end of this year and to achieve total trading value via AVA Advisory service of around Bt1 billion to Bt1.5 billion a day.”