About Vori Research
1. What is Vori Research?
Vori Research is a fintech software company that provides Charter, an automated, rules-based trading algorithm for U.S. stocks. Charter runs in your own brokerage account. Vori Research is the trade name of United Investing Systems, Inc., a Delaware corporation.
2. Is Vori Research an investment adviser?
No. Vori Research is a software and technology company. It is not a registered investment adviser, broker-dealer or financial institution, and it does not give personalized investment advice or tell you what to buy.
3. Is Vori Research legitimate?
Vori Research is operated by United Investing Systems, Inc., a registered Delaware corporation. You can review our full Terms of Service, risk disclosures and contact details on this website.
4. Who runs Vori Research?
Frank Dunlop is the CEO of Vori Research and United Investing Systems, Inc.
Your money and your account
5. Does Vori Research hold my money?
No. Your money stays in your own brokerage account, in your name, at a regulated U.S. brokerage. Vori Research never holds, pools or takes custody of customer funds.
6. Can Vori Research withdraw money from my account?
No. The connection to your brokerage is limited to placing trades. It cannot withdraw, transfer or move money out of your account.
7. Which brokerages does Vori Research work with?
Charter currently runs in Interactive Brokers accounts, connected through Interactive Brokers' official trading API. We'll list additional brokerages here as they are supported.
8. Do I need to open a new brokerage account?
Only if you don't already have an Interactive Brokers account with API access. You can connect an existing account or open a new one, and it stays in your name either way.
9. What is the minimum account size?
Charter requires at least $10,000 in your brokerage account. Below the minimum, it can't size positions and manage risk as designed.
How the software works
10. What does Charter do?
Charter is a systematic equities algorithm. Each day before the market opens, it screens liquid U.S. stocks using quantitative models, generates trade signals, and places those trades automatically in your connected account. It trades long only, uses no leverage, and limits each position to 4% of the account.
11. How is Charter different from a robo-advisor?
A robo-advisor is usually a registered adviser that manages a diversified portfolio for you, often in an account it controls. Charter is licensed software that runs an active, rules-based trading strategy in an account you own and control. See our comparison page for details.
12. Can I stop or pause the software?
Yes, at any time. You can pause automated trading from your Vori dashboard, or revoke the API key in your Interactive Brokers portal, and trading stops immediately.
13. Can I see every trade?
Yes. Every trade is placed in your own brokerage account, so it appears in your brokerage's statements and trade history. Vori Research also provides performance reporting tools.
14. Do I need trading experience?
No. Our team helps you connect your account and set up the software. You remain responsible for deciding whether automated trading fits your goals and risk tolerance.
Cost and refunds
15. How much does Vori Research cost?
Access requires a license fee, which is set out in your enrollment agreement. Brokerage fees, commissions and other trading costs are charged by your brokerage and are separate.
16. Is there a refund policy?
Yes. Vori Research offers a 120-day satisfaction guarantee on the initial license fee, subject to the conditions in our Terms of Service. Requests go to [email protected].
17. How do I pay?
We accept major U.S. credit and debit cards, including Visa, Mastercard, American Express and Discover.
Risk and results
18. Can I lose money using Charter?
Yes. All trading involves risk, including the possible loss of principal. Automated software follows its rules in every market, and losing trades and losing periods will happen.
19. Are past results a guarantee of future results?
No. Past performance is not indicative of future results. Any results we show are labeled as historical, backtested or simulated, and hypothetical results have inherent limitations.
20. Should I talk to a financial professional first?
We encourage it. A licensed financial adviser, tax professional or attorney can help you decide whether automated trading software fits your overall financial situation.