Vestopia Inc. launches its online platform that is challenging the investment advisory business model. Transparency is what makes Vestopia different; they allow you to look at the private portfolios of an accomplished team of money managers. Founded by veterans of Deutsche Assets Management, AOL, and MSN, Vestopia investors are LightSpeed Gemini Internet Lab (LGiLAB).
Real time access lets anyone instantaniosly immitate the moves of the Investment Directors on the site. Their CEO, Guy Hirsh, says “we provide immediate access to the most relevant investment decisions- seeing where the personal money of trusted and successful professionals is going, together with an engaving discussion environment for members to question the investment ideas and strategies till they are dead certain that it’s the right one for them as well.”