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AI Agents for precise document analysis
Powder is an AI tool that helps wealth advisors rapidly create sales proposals that are personalized for each prospective client. Using LLMs, Powder is able to automate a series of manual tasks such as understanding documents and conversations to create mind-blowing analysis that builds immediate trust. Powder has 3 main features to automate sales workflows - 1. Brokerage, tax and estate document parser thats fast and accurate. 2. Meeting notetaker thats able to capture personalized insights. 3. Portfolio analysis tool that optimizes portfolio returns, risk and fees. Our app saves hours of time and creates a pinpoint proposal that lifts a firm's ability to win new business.
Powder provides AI agents that automate document analysis and data extraction for financial operations and compliance. It targets fintech and advisory contexts to speed data extraction and improve accuracy for portfolio and financial document reviews.
Powder offers AI agents that can ingest financial documents and automatically extract data, build proposals, and aggregate external assets. The product emphasizes high accuracy (noted as 99%+ in the text), security (SOC2 reports, encryption in transit and at rest), and API access for integration. Users can drop in files to rapidly extract data and use the results to drive proposals and client service workflows.
Who it’s for: Financial services firms (brokers, RIAs, family offices, wealth managers) and fintech platforms that need automated document analysis, data extraction, and compliant reporting.
Mention of API exposure and case studies/testimonials; references to partnerships and client use cases suggest traction and ongoing adoption.
cofounder/CEO Powder - AI growth platform for wealth advisors. Previously, I was cofounder/CEO of RCI Navigator. Navigator helps asset and wealth managers to pace into private assets such as VC, PE, Infra, etc. while taking risks into account. It was acquired by Addepar in Jan 2021. Navigator is used by 150+ firms including UBS and Morgan Stanley. Before that I was cofounder/CEO of Coin (YCW13). Coin was a all-in-one digital credit card that combined all your cards into one.
Sooyung is the co-founder and CTO of Powder, AI sales copilot for wealth advisors. Prior to founding Powder, Sooyung was a founding team member of RCI which was acquired by Addepar in 2021. Sooyung graduated from Johns Hopkins with a BS degree in Computer Science. Out of work, he enjoys playing lacrosse.
Co-founder & Chief Investment Officer for Powder Finance, which is building an AI Sales co-Pilot for wealth advisors to automate gathering financial holdings, analyze portfolios, assess risk tolerance, and summarize data to engage faster and efficiently. He managed portfolio strategies for institutional asset owners for 33 yrs on mandates up to $30B in assets with pioneering innovations in quantitative equity and return forecasting, optimization and risk management. Chair, Investment Committees
I am currently the co-founder and Head of Sales and Operations at Powder. Prior to Powder, I work at the fintech firm, Addepar, as both a Senior Account Executive and Senior Account Manager. I started my career at Goldman Sachs, where I worked in the Private Wealth Management division in San Francisco.
We automatically generate beautiful proposals that highlight an advisor's value prop
Powder builds a generative AI co-analyst that automates the sales process for wealth advisors, helping them rapidly extract portfolio data and create presentations that demonstrate value to prospects. The product targets wealth advisors and aims to shorten sales cycles and improve client win rates.
From the original launch (Jan 2024) — may be outdated.
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