Vinovest
 | |
| Industry | Wealth Management |
|---|---|
| Founded | 2019 |
| Founder |
|
| Headquarters | Los Angeles, California |
| Services | Investments in Wine and Whiskey |
| Website | vinovest |
Vinovest is an innovative online platform that revolutionizes the alternative asset investment sector by offering opportunities in the wine and whiskey markets.[1] The platform acts as a bridge between investors and the fine wine industry, allowing individuals to buy, store, and sell wines.[2]
Overview
Vinovest was founded in 2019 by Anthony Zhang and Brent Akamine,[3] based in Los Angeles, California.[4] Vinovest empowers individuals to venture into the world of fine wine investing by offering a seamless online platform, expert analysis, and personalized advisory services.[5] Through advanced technology, extensive data analysis, and a global network of connections, Vinovest provides investors with unparalleled access, liquidity, and transparency in the fine wine market. By storing wines in state-of-the-art facilities and providing comprehensive support throughout the investment journey, Vinovest ensures that investors can enjoy their profits and drink them too.[6]
Investors can choose their desired wines or rely on Vinovest's algorithmic recommendations. Similar to traditional assets, investors are categorized based on their risk tolerance.[7] By utilizing comprehensive data, including historical pricing, vintage rankings, and vineyard reputation, Vinovest matches wines with risk levels and investment horizons, providing tailored investment recommendations to clients. From 2022 on, Vinovest will also sell whisky.[8]
Platform & business model
To start investing with Vinovest, individuals can open an account and complete a secure and encrypted questionnaire.[9] This questionnaire assists Vinovest in building a personalized portfolio that aligns with the investor's goals and risk preferences. The investment tiers offered by Vinovest start as low as $1,000, allowing individuals with varying budgets to participate.[10]
Once an account is funded, Vinovest's master sommeliers collaborate with quantitative investment models to analyze thousands of decisive data points.[11] Leveraging its extensive global network, Vinovest purchases wines on behalf of investors at the most competitive prices. Importantly, investors maintain full ownership of the wines in their portfolios, granting them the freedom to buy or sell bottles whenever they desire. Vinovest takes care of insurance and storage, ensuring the wines are stored in optimal conditions.[12]
Vinovest offers top-notch storage facilities globally, optimizing wine aging and maximizing investment returns. Located in key wine trade hot spots, these facilities minimize taxes. With bonded storage, investors can secure full insurance coverage based on wine value. Vinovest conducts annual appraisals and maintains stringent security, temperature, and humidity controls for optimal storage conditions.[13]
Their global team facilitates the liquidation process for maximum returns. Investors can also get wines from their portfolios to be promptly delivered to their doorstep, allowing them to enjoy their investment's potential appreciation.[14][15]
With a minimum investment of $1000, Vinovest operates on a transparent fee structure. Management fees range from 1.90% to 2.50% based on the investment tier, while trading fees vary per transaction.[16][17]
In the media
References
- ↑ "Vinovest: Review How to Invest in a Cellar's Market". youngandtheinvested.com. 4 August 2022. Retrieved 26 June 2023.
- ↑ "Vinovest Review: The Perfect Way for Wine Lovers to Invest in Alternative Assets". nasdaq.com. Retrieved 26 June 2023.
- ↑ Velezmoro, Sara (4 August 2008). "Bottoms up: Exclusive interview with Vinovest CEO & co-founder, Anthony Zhang". FinanceAsia. Retrieved 26 June 2023.
- ↑ "Interview with Anthony Zhang, Vinovest Founder and CEO". YieldTalk: Informed Investment Crowdfunding. Retrieved 26 June 2023.
- ↑ "Vinovest Launches The First Fine Wine Trading Platform for the Active Investor". www.businesswire.com. 3 February 2022. Retrieved 26 June 2023.
- ↑ "Passive Real Estate Investing via Simple Passive Cashflow: Investing in Fine Wine🍷 on Apple Podcasts". Apple Podcasts. Retrieved 26 June 2023.
- ↑ "Is Vinovest Safe to Invest With? What You Should Know". Finbold. 18 May 2023. Retrieved 26 June 2023.
- ↑ "Action and Ambition - Podcast". Entrepreneur. 22 June 2023. Retrieved 26 June 2023.
- ↑ "alternative-investments/vinovest-review". moneywise.com. Retrieved 26 June 2023.
- ↑ Release, Press (20 January 2022). "Vinovest Introduces New Wine Fund Offering Designed for RIAs, Family Offices and Institutional Investors". Wine Industry Advisor. Retrieved 26 June 2023.
- ↑ "Vinovest Opens Diversified Wine Fund to Advisors". Wealth Management. 20 January 2022. Retrieved 26 June 2023.
- ↑ "What Is Vinovest and Is It for You?". Yahoo Finance. 29 July 2021. Retrieved 26 June 2023.
- ↑ "Vinovest Launches The First Fine Wine Trading Platform for the Active Investor". Bloomberg.com. 3 February 2022. Retrieved 26 June 2023.
- ↑ "Vinovest Fine Wine Investing". BlessThisStuff. Retrieved 26 June 2023.
- ↑ Weiss, R. J. (1 September 2022). "Vinovest Review: Pros, Cons and Expert Analysis". The Ways To Wealth. Retrieved 26 June 2023.
- ↑ "Top Vinovest Alternatives, Competitors". www.cbinsights.com. Retrieved 26 June 2023.
- ↑ "Vinovest: Review How to Invest in a Cellar's Market". youngandtheinvested.com. 4 August 2022. Retrieved 26 June 2023.