Advyzon, a global AI-powered wealth management technology and data platform, has launched Advyzon Financial Planning. The new solution integrates cash flow planning, financial projections, and contextual AI into its unified platform.
The product, headed by Kevin Hughes, President of Financial Planning at Advyzon, brings together the best of financial planning expertise along with client data and AI agency. Additionally, it helps in linking the financial advice to investment and client servicing.
Simplifying Complex Financial Planning
Advyzon Financial Planning combines sophisticated calculation engines with client, family, account, portfolio, net worth, and budget information already available. This means that advisors can analyze social security timing, roth conversion, portfolio optimization, and other financial planning strategies without having to rebuild client information in different systems.
Furthermore, the platform connects financial planning with proposals, portfolio construction, investment management, and ongoing monitoring. This integrated approach helps advisors implement recommendations and maintain consistent client service.
The Advyzon AI also helps advisors during their everyday work processes. As compared to a situation where the AI works through chat alone, the AI provides information, insights, and suggestions for further action for consideration by advisors. It draws on over a decade of experience with advisor workflows and data integration at Advyzon.
For Kevin Hughes, that vision starts with listening to advisors: “Listening to our customers over the past year has reinforced our conviction: financial planning belongs at the center of the advisor experience not just from a relationship perspective but also a technology perspective. We’re bringing that vision to life with planning, AI, and the entire Advyzon platform working as one. I couldn’t be prouder of what the financial planning team has delivered, and we’re only getting started.”
Two Approaches to Financial Forecasting
Advyzon Financial Planning provides two forecasting options for different client needs. Both use the same underlying calculation engine.
Cash flow planning allows advisers to assess all kinds of goals, sources of income, expenses, and the overall financial position of the person. In contrast to that, Goals-Based Investing offers support to financial questions by analyzing investments and net worth information.
Furthermore, embedded AI will enable financial advisors to build models, see opportunities, and make recommendations. Planning decisions can be useful in formulating proposals, designing portfolios, managing investments, and monitoring activities.
In addition to expanding its ability with retirement distribution, tax analysis for short term and estate planning, Advyzon AI will also assist financial advisers in comparing different strategies, weighing tradeoffs, and combining various strategies together.
A Unified Wealth Management Experience
Through the sharing of information between financial planning and CRM, portfolio management, reporting, and client service, companies are able to minimize disconnected processes. The advisor is able to take advantage of a single support team that has visibility within the entire platform. In the end, Advyzon wants to ensure that financial planning becomes a part of the advisory’s technology.
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News Source: Businesswire.com
