An AI Just Outperformed Wall Street Analysts on SEC Filings

Fintool AI scored 98% on FinanceBench—the most rigorous benchmark for evaluating AI on SEC filings and financial analysis—compared to just 31% for GPT-4o with internet search. This sets a new industry standard and Fintool AI proves that model can now outperform human equity analysts at reading and understanding SEC filings.

Founded by Apple Pay veteran Ed Godfrey and Nic Bustamante—who previously built and sold an AI legal research company—Fintool is the AI copilot for public equity investors. Headquartered in San Francisco and backed by Y Combinator, it replaces manual SEC filings review and financial analysis with fast, accurate, and fully sourced answers.

“Every major model with search fails on FinanceBench. Our secret? We built our own financial search engine for financial RAG, run everything on LLM-agnostic infrastructure with dynamic routing across models, and verify every answer with a multi-agent system that kills hallucinations. Everything is grounded in SEC filings. That's how we hit 98%.” - Nicolas Bustamante, CEO of Fintool

Why It Matters

Generative AI is being hyped as the next revolution in finance—capable of replacing expensive Wall Street research analysts, accelerating due diligence, and democratizing access to insights. But most LLMs fail to meet even basic accuracy thresholds.

Fintool was purpose-built for this. Today, it powers hedge funds, banks, and asset managers—including PwC, Kennedy Capital, and Tocqueville Asset Management—with real-time and trustworthy insights from SEC filings, earnings calls, and more.

“With Fintool, we now seamlessly integrate AI into our daily investment process easily for individual company research. Fintool has been a step-change in our fundamental research process.” - Kyle Mowery, Managing Partner at GrizzlyRock Capital

“In the future, AI will do 90% of the investment research—reading filings, surfacing red flags, even suggesting buy or sell decisions based on your portfolio and thesis. The human's role will be to review, override, and make the final call. Where we're headed—and we're building it.” - Nicolas Bustamante, CEO of Fintool

About Fintool

Fintool is the AI copilot for public equity investors, designed to replace manual SEC filings review with fast, accurate, and grounded answers. It is trusted by top funds and analysts—including PwC, Kennedy Capital, and First Manhattan.