Autopilot is a revolutionary investing app that allows retail investors to automatically invest in the stock portfolios of politicians and investment managers. With over 4,000 reviews on the App Store and an average rating of 4.5, Autopilot has quickly gained popularity among investors looking to replicate the trading success of insiders in the financial world. The app offers users the ability to track and trade the portfolios of famous politicians like Nancy Pelosi and investment managers like Warren Buffett.
The founders of Autopilot, Brian Schardt, Scott Schardt, Aaron Langley, and Christopher Josephs, come from diverse backgrounds in industries such as e-commerce and music. Their goal in creating Autopilot was to democratize wealth management by providing affordable access to the high-performing stock portfolios of professional money managers. The team’s previous experience with social investing app Iris led to the development of Autopilot in 2023, in response to user feedback requesting the ability to follow other top investors and make instantaneous trades through the app.
Autopilot differs from other investing apps in that it must be connected to an existing brokerage account, such as Robinhood or TD Ameritrade, in order to execute trades based on chosen portfolios. This sets it apart from apps like Wealthfront, which require users to open new brokerage accounts or IRAs to invest. Autopilot also allows users to set the amount they wish to invest in a particular portfolio, and trades are made automatically based on new public disclosures by politicians and traders.
The app offers users the opportunity to track and trade the positions of famous politicians like Nancy Pelosi, Dan Crenshaw, and Debbie Wasserman Schultz, as well as investors and firms including Warren Buffett, Michael Burry, Jim Simons, and Point72 Asset Management. By following the publicly disclosed trades of these figures, investors can gain exposure to successful trading strategies and potentially see high returns compared to the average return of S&P 500 stocks.
While Autopilot provides discounted access to investing expertise and the opportunity for portfolio diversification, investors should be aware that past returns are not indicative of future performance. Additionally, trade execution delays based on public disclosures can impact portfolio performance. Despite these risks, Autopilot represents an exciting development in the investing app marketplace, offering a more transparent and democratized financial system for retail investors to participate in.
