Wealth Tech Company InvestCloud Launches AI-Enabled Solutions Aimed at Financial Advisers
The company intends to create a new generation of offerings to improve advisers’ productivity.
Wealth technology company InvestCloud Inc. announced the release of two artificial intelligence-enabled solutions aimed to help financial advisers “increase productivity and deliver greater value to clients.”
According to the announcement, the solutions—Intelligent Screening and Intelligent Meeting—are boosted by technologies from smartKYC, a risk screening and monitoring company, and Zocks, an assistant for financial advisers.
Intelligent Screening will automate in-depth due diligence during client onboarding and perform ongoing risk monitoring, offering faster and more accurate and cost-effective due diligence through all stages of client interactions, according to the announcement, which should allow more time to prioritize decisionmaking.
Intelligence Meeting will automate time-consuming tasks like meeting preparation, note-taking and action-item tracking, allowing advisers to be more efficient as they prepare for, track and follow through on talks with clients.
Dan Bjerke, president of digital wealth at InvestCloud, said in a statement that with these two solutions, the company is “leveraging data and AI in new ways to address the disjointed systems and fragmented data challenges” that are preventing ideal outcomes for advisers and their clients.
These are the first in a planned series of AI-powered solutions. Both solutions are available to new and existing clients.