Welcome to the August 2025 challenge of the Newest Information in Monetary #AdvisorTech – the place we take a look at the large information, bulletins, and underlying tendencies and developments which might be rising on the planet of know-how options for monetary advisors!
This month’s version kicks off with the information that Nitrogen (previously Riskalyze) has launched its personal native AI assembly notes software, turning into the most recent in a sequence of present know-how platforms to supply its personal embedded AI notetaker – whereas placing extra stress on the host of standalone AI assembly be aware options which have cropped up within the final two years, since there may be turning into much less and fewer cause for advisors to make use of a 3rd social gathering notetaking software once they have already got options embedded within the know-how that they already use.
From there, the most recent highlights additionally function quite a lot of different fascinating advisor know-how bulletins, together with:
- New analysis has proven that whereas elevated effectivity by higher integration capabilities make advisors happier and extra happy with their know-how, these effectivity positive factors do not essentially translate into productiveness by way of elevated income per advisor or group member – suggesting that whereas advisors dissatisfied with their know-how ought to search out instruments with higher integration, those that wish to be extra productive ought to as a substitute give attention to higher leveraging their workers help and/or offering larger worth recommendation (to purchasers who’re prepared to pay for it!)
- Assembly administration know-how supplier GReminders has launched what it describes as an AI agent to assist streamline assembly preparation and follow-up duties, however what it appears to do in actuality is to easily automate a sequence of already outlined and systematized – elevating the query of how a lot advisors really want ‘agentic’ AI that may deal with unstructured duties when so lots of their processes are already structured sufficient to be automated by less complicated know-how?
- Anthropic has launched an enterprise-grade model of its Claude AI platform particularly for monetary companies and funding analysis, which may very well be a nasty signal for the numerous AI funding analysis startups which have appeared during the last 12 months as they might discover themselves squeezed between Claude on the institutional aspect and Morningstar, YCharts, and Kwanti on the impartial RIA aspect, leaving them with little remaining market share for themselves
Learn the evaluation about these bulletins on this month’s column, and a dialogue of extra tendencies in advisor know-how, together with:
- EncorEstate Plans has introduced a brand new partnership with digital property planning agency eLegacy to supply state-specific lawyer overview and authorized recommendation for the property paperwork created on its platform, suggesting that EncorEstate is additional leaning into the human-driven method it has taken to technology-enabled property plan creation (in distinction to different platforms like Wealth.com, Belief & Will, and Vanilla which have centered extra on automated doc creation with much less human involvement)
- MyStockOptions.com has launched a brand new advisor referral service on its web site, permitting readers of its technical articles on fairness compensation planning to seek for and speak to advisors who might help them with their particular wants, underscoring the chance that monetary media platforms have in referring results in advisory companies that would like to pay somebody to supply results in them over going out to seek out leads on their very own
And make sure to learn to the top, the place we’ve supplied an replace to our fashionable “Monetary AdvisorTech Options Map” (and in addition added the modifications to our AdvisorTech Listing) as nicely!
*To submit a request for inclusion or updates on the Monetary Advisor FinTech Options Map and AdvisorTech Listing, please share data on the answer on the AdvisorTech Map submission type.
