Financial Advisors Turn to AI to Strengthen Client Relationships [Video]

Key takeaways

AI frees advisors to deepen client connections

Administrative tasks like data entry, note-taking, and task management consume valuable time that advisors could spend with clients.

AI tools like Vega Minds and Jump are changing that. Vega Minds builds a centralized knowledge base by integrating client data, emails, meeting notes, and even the advisor’s personal style and firm philosophy. It updates automatically whenever there’s a new client interaction, ensuring advisors have up-to-date information at their fingertips.

Jump assists advisors throughout the meeting cycle: it prepares summaries of past interactions, records and transcribes meetings (even in-person ones via a mobile app), generates customized notes in the advisor’s preferred format, and updates CRM systems with new tasks and follow-ups. By handling these time-consuming tasks, AI allows advisors to focus on providing personalized financial advice and strengthening client relationships.

Startups lead the way in AI innovation for wealth management

Industry insiders like Alex Mathé-Cathala and Tim Chaves are driving AI innovation …