Wealth management professionals are seeing a new wave of technology aimed at making their work more efficient, as two US-based firms announce AI-powered solutions to streamline both tax planning and client communications.
Holistiplan, the leading provider of tax planning software for advisors, has joined forces with Zocks, the AI assistant platform focused on privacy and workflow automation.
Through this partnership, Holistiplan’s tax data and insights are now embedded into Zocks’ suite of advisor tools, including meeting preparation, live meeting support, and automated email replies.
The Holistiplan platform commanded 40.55% advisor market share within the tax planning software category in the most recent T3 tech survey, making it the dominant leader.
With the integration, advisors can use Zocks to pull in recent tax analysis from Holistiplan alongside information from CRM systems, financial planning software, and portfolio management tools.
The companies say this allows for more comprehensive meeting preparation and the ability to answer tax-related questions on the spot, whether during client meetings or through Zocks’ “Ask Anything” feature.
Routine communications, such as email responses to client tax questions, can also be drafted automatically, drawing on Holistiplan’s analysis and past client data. Advisors using both platforms are eligible for a partnership discount.
Roger Pine, chief executive and co-founder of Holistiplan, said the integration is designed to “scale comprehensive planning and elevate the quality of every client conversation.”
Mark Gilbert, chief executive of Zocks, said the partnership brings tax planning into “daily advisor workflows like meeting prep, email replies, and forms,” and allows advisors to “move faster and serve more clients without sacrificing quality.”
Hamachi.ai, a newly launched AI-powered communication platform, is aiming to help advisors, asset managers, and investors deliver personalized and compliant messages at scale.
The company’s founding team includes several well-known figures in the fintech space: Eric Clarke, who previously founded Orion; Brian McLaughlin, founder of Redtail; Mike Wilson, who led AdvisoryWorld; and Mustapha Baassiri, co-founder of Advizr.
The founders, who previously helped thousands of RIAs transition to cloud-based software in the early 2000s, are now turning their attention to AI as the next major shift for the industry.
In a statement announcing its launch, Hamachi said its platform uses expert-trained AI agents to draft client communications tailored to specific strategies, with seamless integration into Outlook, Gmail, chat, and APIs to minimize disruption for advisors.
A key feature of Hamachi’s platform is its in-line compliance checks, which automatically flag potential issues in communications according to SEC and FINRA guidelines.
The company cites industry data showing that advisors can spend up to 12 hours a week on research, drafting, and compliance review, and positions its solution as a way to reclaim that time.
“We see Hamachi as a bridge that empowers advisors and asset managers to deliver advice that is timely, compliant and highly relevant to each client,” said Wilson, chief executive of Hamachi.
Clarke said the company is “creating the next frontier for advisor and asset manager communication, where technology doesn’t just speed things up – it makes every message smarter, safer, and more client-focused.”
Commonwealth Financial joins a number of firm that have recently cut jobs.
A slow drip of disclosures, an executive exit, and a stock that fell hard before the suit landed
New research finds unpaid caregivers are more likely to struggle with debt, lower savings and diminished retirement confidence than non-caregivers.
Large broker-dealers and registered investment advisors have, since 2020, been developing or sticking to strategies and tactics to combat the pain of intense, short-term market volatility
Centaurus Financial touts its independence as a key selling point at a time when many firms are being swallowed up.
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
