# MASFIN: A Multi-Agent System for Decomposed Financial Reasoning and Forecasting

arXiv: https://arxiv.org/abs/2512.21878 · HTML: https://mlsanity.com/paper/2512.21878/

## Key facts

- Cited by 1 papers in the map (data through 14 Oct 2026).
- Placed in Reasoning for agents, planning and code, one of 17 directions in LLM reasoning.
- Builds on 3 of its 16 references that are in the map.
- First posted on arXiv 26 Dec 2025.

## Placed in

- LLM reasoning / [Reasoning for agents, planning and code](https://mlsanity.com/lr/reasoning-for-agents-planning-and-code/)
- LLM agents and tool use / [Financial trading and forecasting agents](https://mlsanity.com/agents/financial-trading-and-forecasting-agents/)

## Builds on (most cited first, 3 of 3)

- [FinCon: A Synthesized LLM Multi-Agent System with Conceptual Verbal Reinforcement for Enhanced Financial Decision Making](https://mlsanity.com/paper/2407.06567/) (2024)
- [Efficient Solutions For An Intriguing Failure of LLMs: Long Context Window Does Not Mean LLMs Can Analyze Long Sequences Flawlessly](https://mlsanity.com/paper/2408.01866/) (2024)
- [Can LLM-based Financial Investing Strategies Outperform the Market in Long Run?](https://mlsanity.com/paper/2505.07078/) (2025)

## Built on by (most cited first, 1 of 1)

- [FinVault: Benchmarking Financial Agent Safety in Execution-Grounded Environments](https://mlsanity.com/paper/2601.07853/) (2026)

## Abstract (arXiv)

Recent advances in large language models (LLMs) are transforming data-intensive domains, with finance representing a high-stakes environment where transparent and reproducible analysis of heterogeneous signals is essential. Traditional quantitative methods remain vulnerable to survivorship bias, while many AI-driven approaches struggle with signal integration, reproducibility, and computational efficiency. We introduce MASFIN, a modular multi-agent framework that integrates LLMs with structured financial metrics and unstructured news, while embedding explicit bias-mitigation protocols. The system leverages GPT-4.1-nano for reproducability and cost-efficient inference and generates weekly portfolios of 15-30 equities with allocation weights optimized for short-term performance. In an eight-week evaluation, MASFIN delivered a 7.33% cumulative return, outperforming the S&P 500, NASDAQ-100, and Dow Jones benchmarks in six of eight weeks, albeit with higher volatility. These findings demonstrate the promise of bias-aware, generative AI frameworks for financial forecasting and highlight opportunities for modular multi-agent design to advance practical, transparent, and reproducible approaches in quantitative finance.