Vise, an AI-powered platform co-founded by two Indian American entrepreneurs that delivers personalized portfolios at scale, has launched Vise Long Short, a technology-driven long short capability built specifically for Registered Investment Advisors (RIAs).
Advisors have long sought a way to implement long short strategies without relying on opaque, hedge-fund-style products or sacrificing integration with a client’s broader financial plan. Traditional direct indexing allows only bullish views, while existing long short solutions typically operate as standalone products with limited transparency.
Built as infrastructure—not a single packaged product—Vise is the first platform that allows advisors to construct fully personalized long short strategies directly within existing tax-aware, direct-indexing accounts, according to a company release.
Advisors can now express both positive and negative views in their clients’ portfolios, maintain precise market exposure, capture daily tax-loss harvesting, and incorporate the strategy seamlessly into each client’s overall plan, it stated.
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“Advisors want practical tools, not abstractions,” said Samir Vasavada, CEO and Co-Founder of Vise. “They’re asking which specific clients need the ability to profit from both winners and losers—and how to deploy it in a way that solves real planning problems, not just chase alpha in isolation. Vise Long Short finally gives them the tool they’ve been waiting for.”
Short positions provide a systematic way to express negative views and generate targeted losses that can offset future taxable events—such as concentrated stock gains, carried interest, RSUs, or real estate sales—enhancing tax efficiency beyond what long-only portfolios can achieve. The strategies are built to complement existing holdings, offering a flexible planning tool rather than a standalone product.
The initial Vise Long Short strategy is available with a $250,000 minimum, and operates alongside current holdings within a unified account, leveraging Vise’s daily tax-loss harvesting engine, which has generated more than 5.5 million tax-aware optimizations.
“This is not another product for advisors to shelf,” said Runik Mehrotra, Co-Founder of Vise. “It is infrastructure that gives advisors the ability to deliver long short strategies when and where their clients truly need them.”
Vise Long Short marks the next frontier in direct indexing – bringing hedge-fund-level capabilities into a transparent, advisor-controlled framework accessible to a broader range of clients, according to the release.
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Vasavada and Mehrotra started Vise when they were just 16 and living in the Midwest. They bootstrapped the company before raising a total of $128 million in venture funding with backing from the likes of Sequoia Capital, Founders Fund, and Allen & Company.
Vise is one of fastest growing tech-unicorns in New York City and powers some of the largest RIAs & Aggregators in the U.S. with over $15 billion in platform assets across thousands of individual client accounts, according to the release.
Prior to Vise, Vasavada and Mehrotra consulted with leading financial firms such as UBS, BCG, Mass Mutual, and Deutsche Bank on artificial intelligence and started NYX Development, a technology firm specializing in software development to build apps for small and medium-sized businesses.
Vasavada has been featured in Forbes 30 Under 30 and covered in Fortune, WSJ. TechCrunch, and many other publications.