AI technology is providing a steady flow of solutions for advisors to enhance their offering to clients and boost their own productivity – and here are two new options that are now available.
First, for advisors wanting to add tax planning to their services, or gain new power in doing so, FP Alpha has announced today (Jan 14) that its popular FP Alpha TAX solution, which has been part of a wider bundle, is now available as a standalone product.
The full suite of tools available on the AI powered platform includes estate planning, insurance planning, and a prospect accelerator, but offering the tax module as an unbundled product gives advisors more flexibility and makes it viable for those who want to focus only on tax planning.
The tax solution includes tools providing tax snapshots, projections, and automatic identification of optimal Roth conversion strategies.
“Unbundling our Tax offering to create FP Alpha TAX, is a game-changer for financial advisors who want to focus on delivering unparalleled value in tax planning,” said Andrew Altfest, CFP and Founder of FP Alpha and President of Altfest Personal Wealth Management. “Our tax planning tools empower advisors to efficiently tackle complex tax scenarios, saving time while enhancing the client experience. We’re thrilled to offer this flexibility and help advisors elevate their services in a meaningful way.”
Further adding to the growing selection of advisor technology using artificial intelligence is Morningstar’s Direct Advisory Suite which has been launched this week.
It’s a comprehensive solution for advisors to conduct research, build and analyze portfolios, and generate client proposals. It’s built on the foundation of the firm’s Direct Platform, the unified data, analytics, and research solution that supports its enterprise solutions, and expands the capabilities of the current Advisor Workstation application.
"Direct Advisory Suite represents the next evolution in advisor software," said James Rhodes, president of the Direct Platform. "By integrating a connected set of capabilities, it simplifies the complex workflows of today's financial advisors. Powered by Morningstar's robust data, research, and analytics, the suite empowers advisors to engage with their clients with personalized advice that is easy to understand."
Frank Bisignano adds oversight of the child savings program as advisors weigh its place in family financial plans.
Inflation delays treatment while insured patients still fight for medication access
Public support grows for policies that spread AI’s financial gains beyond tech companies.
Investment banking fees rose 30% on a wave of IPOs and megadeals, led by the largest public listing on record.
Series A funding from Portage, Bain Capital, and other investors will fuel data tools designed to speed advisor transitions and cut onboarding delays across wealth firms.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
