NEW YORK, Aug. 3, 2016 — Slingshot Insights has partnered with Seeking Alpha to bring the exclusive world of expert interviews to every investor. Slingshot Insights is the first crowdfunded expert network and due diligence community.
Expert calls and management meetings are just some of the tools that professional portfolio managers have utilized for decades to quickly get insights on market moving news. However, a significant gap exists between the resources available to individuals and professional investors. Spending over $600m annually in 2015 (per Integrity Research) on this type of research, financial institutions are able to intelligently invest in a broad range of companies using expert knowledge. Most individual investors have no awareness of this immensely dynamic and valuable diligence tool. By grouping members together, Slingshot levels this playing field by empowering investors with access to these same experts at a fraction of the cost.
As Seeking Alpha editor Douglas House commented, “Seeking Alpha’s raison d’etre, of course, is to level the playing field for individual investors by leveraging the ‘wisdom of crowds’ via crowdsourcing. In this vein, we are excited to announce a partnership with Slingshot Insights, an online crowdsourced platform featuring cost-effective expert interviews. It’s easy to use and, for the first time ever, enables individual investors to cost-effectively access a broad range of experts on virtually any topic of interest.”
The crowdfunded calls are recorded/transcribed and accessible by any member who pays for access to the conversation. The benefits of this structure are significant on the compliance front, while maintaining the quality and user-directed nature of traditional expert calls. The Company hopes that through this partnership a broad range of investors are able add expert calls to their investment diligence process. House writes: “Slingshot’s valuable service is yet another encouraging example of the democratization of information for individual investors. Talking to experts should be an integral part of your investing approach. You’ll be a much more informed investor as a result.”
Slingshot Insights CEO Joe McCann remarked, “Seeking Alpha has established itself as the go-to destination for the Bull and Bear argument around any stock. By communicating directly with this tremendously engaged community, we will strengthen not only the quality of our interviews, but the Slingshot community overall. We are all about cutting through the noise, verifying management claims, and making sure members have the full story when making an investment decision.”
ABOUT SLINGSHOT INSIGHTS
Slingshot Insights is a new expert network that utilizes technology to reduce the time, cost, and compliance risks associated with expert research.
ABOUT SEEKING ALPHA
Seeking Alpha is a platform for investment research, with broad stock coverage of stocks, including more than 4,000 small and mid cap stocks. In contrast to other equity research platforms, insight is provided by investors and industry experts rather than sell-side analysts.
SOURCE Slingshot Insights