With Ahrvo App, Investors are in Control
While in college at the University of Minnesota-Duluth, Appo Agbamu
was the student director of Bulldog Fund LLC, a student-run $1.2 million
hedge fund. Becoming a director at the hedge fund was not an accident.
He had developed a passion for the stock market while in high school
because of his father, Atare Agbamu, an active trader who provided the
younger Agbamu with the investment basics.
It was therefore natural by the time the younger Agbamu showed up in college that a major in finance was almost a given.
A turning point in his future finance career was an internship during
his senior year at a small investment firm that used what is called a
multi-factor ranking system which enabled the small firm to find ‘high
caliber investments.’ The success the small firm was having with the
system left a lasting impression on Agbamu.
The multi-factor ranking system at its core is a scoring system on
stocks that helps an investor make a better decision on which stock to
pick and invest in. When he finished his internship and graduated
college, he landed a job as a portfolio associate and real estate
analyst at a major bank in Minneapolis.
While working in the high rolling world of finance and mixing it up
with high net worth clients, Agbamu found his true passion was in
helping small investors and individuals make successful investment
decisions.
“There was just no tool out there, especially for the busy folks and
millennials that could help them do that,” Agbamu said during an
interview with Mshale.
He set out to develop the tool himself. That tool is in the form of
an app, which he called Ahrvo and combines the multi-factor ranking
system he was exposed too while in college and artificial intelligence.
The artificial intelligence aspect was achieved through a strategic
partnership with a colleague in the UK.
Ahrvo became available in January on both iTunes and Google’s Playstore.
“It is actually the first mobile-only investment platform that uses
the multi-factor ranking system and artificial intelligence,” he proudly
states. The app considers 4,000 companies and updates scores weekly to
come up with AhrvoScores so users can make a sound investment decision.
Ahrvo is not only for individual small investors.
“Investment clubs can use it,” said Agbamu. “They will find Ahrvo
very useful as it will provide them with the information I know many
(investment) clubs look for.”
Agbamu’s parents are from Nigeria. His father, Atare, came to the
United States from Nigeria in 1979 to attend college in New York. He
returned to Nigeria, got married, came back to New York where he worked
in adult education until 1996. He then moved with his wife and children
to Minnesota, where he eventually got into the mortgage business while
his wife taught in the St. Paul school system.
Does the younger Agbamu see Ahrvo being useful in the emerging markets in Africa?
“Part of the challenge (in Africa) is the quality of data. However,
as that data improves I don’t see a reason why Ahrvo cannot be a player
in that very important emerging market.”
Link to Ahrvo to download the app.
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