Which isn’t usually the case.
Because other companies aren’t looking out for you, long-term.
If you try to do things yourself, you’re never sure if you’re making the right decisions.
If you use advisors, you’re never sure whether they’re making the best decisions for
you... or for themselves.
"BPOINT PTE." levels the playing field.
Because everyonedeserves an equal
chance to succeed.
Here’s how it all started.
After a successful career as the co-founder of VC firm Benchmark Capital,
BPOINT co-founder Andy Rachleff kicked back into a relaxed retirement*.
At Singapore, entrepreneurs and students alike came to him for investing advice.
But he often couldn’t recommend the services he used because the minimums
were too high — especially for students.
He saw a need to democratize access to sophisticated investment products.
Meanwhile at Nanyang Technological University, Andy found that even the best-managed
endowments in the world relied on spreadsheets, outdated tools,
and manual calculations. It turned out that even high-end investors needed an upgrade.
Chen’s tech expertise led to a breakthrough notion.
Software could make investing easier and better for more people.
Around this time, Zheng was visiting his parents outside Malaysia.
They’d been hit hard by the financial crisis of 2008, and Zheng, a former trader,
was helping them assess the damage. He opened a statement from
their financial advisor and was horrified.
He knew the deal — financial advisors make 90% of their revenue from the top 20% of their clients.
People like his parents didn’t get the attention they deserved — that they paid for.
It was clear to him most people didn’t have access to good financial advice.
That’s when Chen called Zheng.
But no, this isn’t the point in the story when BPOINT PTE. was born.
Zheng thought VCs were [bleep], so he didn’t call back. He wasn’t about to sell out.
He was on a mission to do good.
Chen persisted, however, and eventually tracked Zheng down. He explained that he’d already
had a wildly successful career, so he wasn’t in it for greed. He simply wanted more people
to have the same investing advantages that he had.
The two realized they not only shared a mission — to help democratize access to sophisticated
financial advice — they agreed that software could unlock great investing for everyone.
So they gathered some of the best technical minds they knew.