There's apparently no stopping the artificial intelligence boom in the wealth space, as three wealth tech firms each announce platform and partnership updates to help more RIA advisors deepen client relationships and streamline financial planning processes.
On Tuesday, FP Alpha announced it has launched Estate Insights 2.0, a major upgrade to its AI-powered estate planning solution.
The new feature offers a major lift for planning-focused advisors by extracting hundreds of data points from legal documents such as wills and trusts, up from about 30 in the previous version, and presents the findings in a categorized and client-friendly format.
The enhancements aim to support more comprehensive reviews of estate plans by surfacing informational details, actionable planning opportunities, and potential red flags – such as missing successor designations or inconsistencies in governing law – through what the company calls "Insight Tags."
"Estate planning is one of the most overlooked yet impactful components of financial planning," Andrew Altfest, founder and chief executive of FP Alpha, said in a Tuesday statement unveiling the new feature. "With our enhanced Estate Insights feature, we're not just improving efficiency—we're equipping advisors to deliver a new level of value to their clients."
The platform also includes a redesigned workflow that allows advisors to toggle between quick and detailed reviews, depending on the client’s needs. The update is part of FP Alpha’s broader goal to elevate estate planning as a core element of holistic advice and client engagement.
Previously in March, FP Alpha introduced a NextGen Tax Insights feature, another AI-driven tool that helps advisors with personalized, actionable tax planning recommendations.
Elsewhere in the estate planning tech space, Wealth.com revealed it has been selected by Commonwealth Financial Network to serve as the estate planning platform for more than 2,300 affiliated advisors.
The move gives Commonwealth’s independent advisors access to Wealth.com’s suite of planning tools, including Ester, its AI-based legal assistant that generates document summaries and helps identify planning opportunities.
“We continually seek innovative solutions that help our advisors get time back in their day while also becoming strategic partners for their clients, including HNW clients,” said Heather Zack, director of high net worth at Commonwealth.
The partnership is part of Commonwealth’s strategy to expand support for advisors serving high-net-worth households and to integrate estate planning into a more complete wealth management offering.
The new partnership comes on the heels of another wealth tech announcement at Commonwealth, where the $344 billion RIA selected Zocks as the exclusive AI notetaker for its community of advisors.
Meanwhile, Concurrent Investment Advisors is officially expanding its partnership with Tifin@Work by incorporating Tifin AG, the firm’s AI and machine learning platform. The technology enables advisors to analyze client data for behavioral trends and financial gaps, allowing for more targeted outreach and planning recommendations.
The expanded relationship also includes co-branded marketing initiatives and retirement plan engagement strategies aimed at highlighting the value of personalized advice.
"Tifin AG's capabilities allow us to prioritize effectively, ensuring our advisors focus their efforts on the opportunities that have the greatest potential for impact for both the client and the firm,” said Casey Bates, managing director of strategy and growth at Concurrent.
Tifin president Rob Pettman added that using data to personalize guidance is “what leading firms are doing to stay ahead in a competitive landscape.”
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
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
