Due Diligence App for Financial Products

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Due Diligence App for Financial Products

Inspired by a conversation on:

The Rational Reminder Podcast

The Rational Reminder Podcast

Harold Geller: "I Sue Financial Advisors" (EP.236)

Host: Benjamin Felix, Cameron Passmore, and Dan Bortolotti

Timestamp: 00:10:46 - 00:11:25

Listen to Episode • View Podcast • All Ideas from The Rational Reminder Podcast

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Feather Flow

Direct Quote

"You can ask them for their ask recommendations in different years and take a look at how those recommendations performed."

Market Gap

Investors lack the tools to evaluate the products their advisors recommend.

Investors often find it challenging to verify the performance of financial products recommended by their advisors due to the complexity of the information and lack of transparency. Many clients lack the expertise to dissect product performance, which can leave them vulnerable to unsuitable investment choices. Existing solutions do not adequately empower investors to assess the recommendations made by their advisors, leading to potential financial missteps. A dedicated tool that simplifies the evaluation of financial products and their historical performance would serve a significant need in the market, fostering informed decision-making among investors.

Summary

This business idea proposes the creation of a mobile application that helps investors assess the due diligence of financial products recommended by their advisors. The app would allow users to input the recommended products and provide historical performance data, fees, and risk assessments. It could also incorporate user-friendly ratings based on previous client experiences and expert reviews. By providing a comprehensive analysis of financial products, the app would empower users to make informed decisions and engage in meaningful discussions with their financial advisors, ultimately enhancing trust and satisfaction in the advisory relationship.

Categorization

Business Model
SaaS
Target Founder
Technical
Difficulty
Medium
Time to Revenue
1-3 months
Initial Investment
$1,000-$10,000

Potential MRR (18-24 months)

Conservative
$3,000 - $7,000 MRR
Moderate (Most Likely)
$15,000 - $30,000 MRR
Optimistic
$50,000 - $100,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
9/10
Feasibility
7/10
Market Potential
9/10
Evidence
8/10
Overall
8.2/10
Found on September 26, 2025 • Analyzed on September 26, 2023 2:45 AM

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How should I validate this saas idea before building it?

2:34 PM

Great question! For a saas idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Technical to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

Would you like me to help you create a specific validation plan for your medium difficulty idea?

2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

Based on your idea's complexity and 1-3 months, here's my recommendation:

Technical Strategy:

  • Start with no-code tools for rapid prototyping
  • Consider your technical background and available $1,000-$10,000
  • Plan for scalability from day one

I can help you create a detailed technical roadmap and resource allocation plan...

2:37 PM

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