Bringing wider access to financial derivatives.
Vest, on a mission to bring wider access to financial derivatives, manages investment products worth $40+ billion (as of 9/30/24). Backed by private equity, the firm has a strategic partnership with Cboe Global Markets, Inc. (NASDAQ: CBOE), and First Trust, a global asset manager.
Vest created Target Outcome Investments in 2013, which target a defined return profile, with an allowance for a specific level of risk, at a particular point in time. Today, Target Outcome Investments are available as mutual funds, exchange-traded funds (ETFs), unit investment trusts (UITs), collective investment trusts (CITs), and customizable managed accounts / sub-advisory services.
The firm was launched and backed by preeminent venture firms such as Y-Combinator (Airbnb, Reddit, Dropbox), Payment Ventures (MicroVentures, CardFlight) and First Round Capital (Uber, Mint, Square).
See more at https://www.vestfin.com.
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Active Founders
Jeff Chang, Founder/COO
Jeff Chang has over 20 years of experience in financial services and asset management, and is responsible for driving product strategy, research and positioning of the firm's product offerings across all distribution and marketing channels. Prior to co-founding Vest in 2012, Jeff worked at ProShares, and FBR & Co. Jeff is a CFA charterholder. He has also held CPA and CFE certifications. Jeff attended the United States Naval Academy and the McDonough School of Business at Georgetown University.
Karan Sood, Founder/CEO
Financial engineer
Selected answers from Vest's original YC application for the W15 Batch
What is your company going to make? Please describe your product and what it does or will do.
Vest is a site that offers personalized “Protected Investments“ which combines the safety of a savings account and the growth potential of equity.
Investment Banks exclusively offers this today to their high net worth clients.
We will offer this to everyone by disintermediating the banks using a combination of financial engineering and technology.