Savvy Beagle, Canada’s Newest FinTech Firm, Boosts Investor Confidence with Risk Analysis Tool

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The new web app was founded by an entrepreneur who is dedicated to helping people make better, more informed investment decisions.

CALGARY, AB, January 12, 2022 / CNW / – A new Canadian company is a game-changer in the way Canadians view financial risk and make investment decisions. Savvy Beagle is a risk analysis tool that helps people make more informed investment decisions through portfolio simulations.

Savvy Beagle provides Canadians with access to risk assessment tools through a web application. It helps Canadians feel more comfortable with the word risk. (CNW Group / Savvy Beagle)

According to government data from Canada, Canadians face increasing financial pressures and stress, as well as a desire to improve their financial literacy.

Almost half of Canadians (44%) have taken some type of financial education to boost their financial literacy in the past five years, and more than half of Canadians aged 18 to 34 (56%) have taken measures to strengthen their financial literacy.1

The pandemic has exacerbated the financial stress of many Canadians. Not only are one in three Canadians worse off now than before the pandemic, but 64% of DIY investors have lost confidence in what their finances will look like once COVID-19 is behind us.2

Savvy Beagle provides a solution to help investors of all ages and at all stages of their financial journey. Both novice and intermediary investors to financial advisers can create portfolio simulations that test combinations of stocks and assess changes in the risks of individual stocks and portfolios. Once users are comfortable with the investment and the potential risk, they can invest that money in their preferred trading service. Users can select a free or paid subscription to access the tool.

“With over 25,000 listings, including common and preferred stocks, mutual funds, index funds, closed-end funds, real estate investment trusts and exchange-traded funds, there are countless simulations of portfolio to be created ”, says the founder and principal Larry Betts.

After more than 25 years of working in the financial services industry, Betts recognized that large numbers of Canadians lack the skills and confidence to understand their investments and how to assess risk. According to Betts, “Today’s modern investors don’t just want to be put into defined risk categories, they want to understand the risk and gain the confidence to make informed investment decisions. “

About 34% of Canadians believe finances are in control of their lives3, so Betts founded Savvy Beagle as an accessible way to make people feel more confident and empowered in their decision-making. The tool will also benefit financial advisers. Betts adds, “Savvy Beagle was designed to help all investors on their financial journey,” says Betts. “Whether they’re a new investor or a seasoned financial advisor, Savvy Beagle will help Canadians feel more comfortable with the word risk. “

The web application uses the volatility of stock prices to access risk. Savvy Beagle uses historical price movements to estimate potential future risk, growth and downside to forecast risk. By analyzing separate listing price movements to identify how upward and downward price movements work together, users can identify each other’s influence on portfolio risk and returns.

To find out more visit savvybeagle.com.

1

https://www.canada.ca/fr/agence-financière-des-consommateurs/programmes/recherche/sondage-canadien-capacitaire-financière-2019.html

2

https://fpcanada.ca/docs/default-source/news/coping-with-covid-19-survey.pdf?sfvrsn=ea3fed97_4

3

https://www.canada.ca/fr/agence-financière-des-consommateurs/ entreprise/covid-19/summary-covid-19-surveys.html

About Savvy Beagle

Established in 2021, Savvy Beagle is a trusted companion in financial investing. Using historical price movements to estimate potential future risk, growth, and decline, Savvy Beagle forecasts risk to help investors make more informed financial decisions. Visit savvybeagle.com or follow Facebook, Instagram and LinkedIn.

SOURCE Savvy Beagle

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