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The Growth Imperative for Financial Advisors, setting the stage for the second-half of 2024. Recent industry research paints a clear picture of advisors' priorities and challenges: Growth is Top of Mind: According to the 2024 Interactive Brokers Advisor Insights Survey, winning new business and firm growth are the top priorities for advisors this year. Automation is Key: The same survey reveals that 79% of advisors agree that increased automation in their operations allows more time for client relationship building – a crucial factor for growth. Additionally, since the proliferation of AI across the industry, new ways to automate are just coming online. Expanding Services is Imperative: Highlighted by industry experts as shared by RIA Intel, RIAs are broadening their service offerings to include tax, estate, insurance, and cash management services to meet client demands and justify fees. Generational Shift Ongoing: While much attention is focused on Millennials and Gen Z, the next decade will see Generation X experiencing the largest growth in wealth, presenting a significant opportunity for advisors who can meet their complex needs. These trends underscore a critical reality: in today's landscape, advisors need tools that not only streamline operations but also enhance their ability to provide comprehensive, personalized service to a diverse client base faster than ever before. We've put together a new resource to highlight 6 key ways Advisors are hitting their growth goals in 2024 and beyond. Learn How to Shift The Week-Long Proposal Processes into Same-Day Wins: https://lnkd.in/e3NQ5gX3

AI is fundamentally changing how compliance pre-reviews and analysis can be done. The two main compliance use cases are summarizing regulations and scanning public communications for compliance flags. Tools like RegVerse and Archer Integrated Risk Management monitor the news for changes in regulations and summarize how your firm’s activities and disclosures may be impacted. Hadrius and Saifr, on the other hand, can be used by advisors and compliance departments to flag communications for compliance issues, and suggest changes and disclosures. Explore the YourStake Advisor AI Tech Map spotlight below or visit the full map here to view more companies: https://lnkd.in/d4gZqddv #FinancialAdvisors #AdvisorTech

AI is revolutionizing M&A transactions by enhancing due diligence, risk management, and identifying opportunities within the acquired firm’s client base. Our co-founder and President Gabe Rissman shared insights on the power of AI in the M&A process with Wealth Solutions Report! Read the full article here: https://lnkd.in/gCNbhhP5 #MergersAndAcquisitions #AI #RIAs #WealthManagement

As we move into the second half of 2024, advisors are facing more complex challenges and opportunities than ever before. We have spoken with hundreds of our advisor users about their experiences with proposal generation systems, AI automation, and other tools. Our latest blog post, "6 Ways Top Advisors Use Advisor Core to Win and Retain More Business," reveals key strategies driving growth in 2024. Discover how Advisor Core is revolutionizing advisory practices: 🗓️ Reduce proposal preparation time from 1 week to 1 day 🥇 Increase prospect conversion rates by 20% ⏱️ Save 5 hours weekly on analysis and reporting 📦 Deliver personalized, values-aligned portfolios and analysis From AI-powered analytics to seamless client presentations, learn how Advisor Core is transforming week-long processes into same-day wins. Read the full article: https://lnkd.in/e3NQ5gX3 #FinancialAdvisors #WealthManagement #AdvisorTech #PracticeGrowth

The data is in: Advisors need AI to stay relevant and grow A recent Accenture study revealed that 9 out of 10 Advisors believe AI can help grow their book of business more than 20%, with 55% of them sharing that they think AI will transform how they run their practice within the next 3 years. We've put together a guide to highlight the impact of AI within Wealth Management, share insights on how Advisors can navigate this technological shift, and where the future of advisory is headed, sooner than you might think. Get your Free Guide: Why AI-enhanced Advisors are the Future: https://lnkd.in/eDBG5KVP

AI solutions for note-taking and CRM integration are often the first choice for many advisors when adopting AI-specific tools into their tech stack because the use case is incredibly clear and the payoff is almost instantaneous. These tools can seamlessly join client meetings to create detailed transcripts, summaries, next steps, and even draft follow-up emails. What's more, these solutions can evaluate your engagement levels to better hone your delivery, story, and overall sales process. Advisors who have embraced these innovations report significant time savings of up to 30 minutes per meeting. Some even claim that the AI takes better notes than a human assistant. Leaders include general-purpose tools like Otter.ai and Fireflies.ai. Specific for Financial Advisors, tools like FinMate AI, Jump - Advisor AI, Sybill, and Pulse360 keep Advisors centric to their workflows and some of these solutions are even connected deeper into CRMs to populate and update contact fields, and pre-populating email outreach in comprehensive and personalized ways. Explore more about these solutions below or visit the full map to view more companies specific to this use case (and highlighted in the document below): https://lnkd.in/eqB4hNqB #FinancialAdvisors #AIRIA #AdvisorTech

While we were building Advisor Core, we asked the Advisors on our platform, what is taking up your time and what problems do you need to be solved? We heard 3 universal things: Extracting Statement information is taking up too much time, we need a standardized risk tolerance questionnaire, and finally, we need a way to quickly analyze and compare a prospect's portfolio to an existing model. Advisor Core empowers you to: Match portfolios instantly Personalize risk profiles Align with client values Compare portfolios effortlessly Why this matters: 1️⃣ Save 10 hours per client on portfolio alignment mapping 2️⃣ Boost prospect conversion by 20% 3️⃣ Scale your business efficiently Ready to transform your practice? Learn more: https://lnkd.in/eabjYTXE #FinTech #ESGInvesting #FinancialPlanning #WealthTech

In case you missed the news this week, we're thrilled to partner with Broadridge Wealth Management to bring our Values Questionnaire and data analytics to Broadridge's Wealth Aggregation and Insights platform. This solution will enable advisors to provide hyper-personalized advice based on investors' core values/ Read the article covering the partnership from InvestmentNews from Leo Almazora as we continue to provide advisors with powerful tools that foster growth, cultivate meaningful client relationships, and fuel advisor productivity. https://lnkd.in/e4pVXn3j

We're continuing to make values-based investing part of the conversation for more Advisors and their clients! In our latest partnership announcement with Broadridge Wealth Management, our values discovery questionnaire and data are now part of the Wealth Aggregation and Insights Platform to empower Advisors to deliver personalized and data-driven decision-making and experiences to align client values with their investments. We're thankful to Paul Camuto, and our partners at Broadridge for sharing our vision to help make personalized, values-based investing understandable and accessible for any advisor and client. Read more about what we're building with Broadridge in this article from InvestmentNews: https://lnkd.in/eHxmPg2w

Last week, we covered the first of six themes for our AI Tech Map, Marketing and Content Creation tools. This week, we move to theme 2: Segmentation and Lead Optimization solutions. These tools are specialized to help advisors focus their efforts on the clients and leads with the highest value, preventing wasted time Discover how AI can revolutionize your client focus and prospecting efforts: - Find high-value leads that meet your conversion criteria with tools like Aidentified, Inc. and Catchlight. - Enhance client support through AI-powered alerts, segmentation, and chatbots. - Automate tasks and get next-best-action suggestions with platforms like CogniCor Technologies and Responsive AI. Our co-founder, Gabe Rissman, has heard this concern from advisors at every conference and industry event he's attended. That's why he's created a free resource: a curated AI Tech Map covering 6 primary use cases for advisor tech. Explore the YourStake Advisor AI Tech Map spotlight below or visit the full map here to view more companies: https://lnkd.in/eqB4hNqB We are also rolling out a newsletter exclusively on AI Solutions, so be sure to sign-up to join it on the page above. #FinancialAdvisors #AIRIA #AdvisorTech #YourStake