Grand Central Advisory

A Wealthtech AI Roundup: summarizing the AI news and updates that matter to wealth managers!

There's no doubt about it... Ben Olsen is absolutely crushing it right now... But he's also probably totally swamped. Search our consultant directory for "AI" to see a few others that can help. :) https://lnkd.in/e8Km3Z83 James Cantwell ?? Philip Calvert John O'Connell, MBA Michael Taylor

Great getting to know James Cantwell ?? and the "wealth" of resources at WealthTech Select! Bad pun but had to be done.

Is the lack of native integrations between systems holding your advisory practice back? Our latest case study reveals how leading financial advisors are building automated bridges between their meeting notes and CRM systems - without waiting for official integrations. Key insights include: - How to reduce post-meeting admin work by 75% - Step-by-step automation blueprint - Real-world implementation example using Fathom and Redtail Don't let the lack of native integrations prevent you from automating away your manual data entry. Learn how to automate your workflow today. Read the full case study below ??

OpenAI announced tasks. This isn't even a week old, and it's started coming up in conversations I've had in the financial advisory space. Of course, it's not the gym alarm that an advisor is looking for. It could remind you of an upcoming client meeting. The real magic, though, is that instead of a pep talk (or maybe in addition to a pep talk), it could be a 30-day performance and activity report for their portfolio and a summary of relevant recent news stories on the topics you discussed at your last meeting. Nothing better than going in prepared. This is just another good example of how these new AI tools handle "unstructured" inputs so much better than the current status quo. And if you know how to leverage that safely, it can have substantial positive effects on the day-to-day work of financial advisors.

Exciting news! We've just published a new case study that showcases how AI can revolutionize client communication for financial advisors, saving time and enhancing client value.

I love a good market map. But they can be double-edged swords. It's great to understand the landscape (if that’s your thing). But it's often overwhelming if you’re trying to actually pick tools. And just like everything else with AI, it’s compounding quickly. Take the latest AI WealthTech Market Map update from The Wealth Mosaic that dropped over the holidays. Things to note: - The number of companies included jumped by over 60 in two months! It’s now 317! - This is only WealthTech AI. Not all of AI, not Fintech, not even broadly WealthTech. “Just” AI WealthTech, which some might consider pretty niche. I’m writing a blog on market maps and best-of-breed solutions. I'll share it soon, but for now, I'm curious about your opinions: Who has the best market map for WealthTech?

I had this article flagged for me. It's a great summary by Ethan Mollick on when and when not to use AI. Very digestible. I particularly like the take that sometimes you need to do something yourself just for the sake of learning, even if you could "AI it away". It's worth a read if you're looking for a way to make something that can seem so complicated start to feel a little more attainable.