Wealth Management GPT

AI Hot takes for financial advisors…?Part 2(b) – Quick Wins: ChatGPT and Beyond 1st up, some hot takes on common generative tools and then onto industry specific generation tools. ? ??1. (Chat GPT) Text Most people know you can submit a prompt to ChatGPT to help you write an article, answer a question or a gazillion other things. Deep experts have written extensively on how to maximize use of ChatGPT. My only $0.02 to add to the conversation is to be careful and realize that if you overly rely on the tool you end up sounding just like everyone else. I consider myself to be a mediocre writer (probably because my wife is an amazing writer Deanna Moore) and like to use ChatGPT to double check my work. I find that it often strips my work of its humanity. One way to offset some of this is to try and use an industry specific tool. Industry Specific Tools: AdvisorX AI - Jonathan Michael Wealth Management GPT - Marc R. Butler ??2. Generative Images On the flip side I’ve found generative image tools to really help me illustrate the concept in my head. I’m a visual thinker and I lack the time, patience and skill to truly bring what is in my mind to life. That is until I discovered image generation tools. Microsoft Copilot does a decent job of image creation, but my favorite is still Midjourney – What I’ve been using for this series. It allows me to control details like aspect ratio and we just seem to have a spiritual vibe together. However, it does still take some tinkering. In today’s post I used the phrase: “excited people creating amazing estate plans” Where is that dude’s hand? Why does she have two right hands? Not perfect, but still pretty good. ????3. Generative (Industry Specific Tools, Estate Planning and More) This starts to get into the area where I’m not a CFP nor am I an advisor. It is a little harder for me to evaluate some of the more financial planning specific tools and I would love some practitioners to opine on what they have found useful in the comments. I have asked advisors “If I could give you a magic wish, no limits on time or money to build and give you something what would it be?” One answer has often been, help me with estate plans. It is hard to understand them (visualize), get an attorney to create one for my clients and lastly to get my client to act and execute one. Tools that use AI to help with client meetings in no specific order. Wealth.com - Thomas Kopelman, Samantha Russell, David Haughton, JD, CPWA? FP Alpha - Brad Frey, Charles Clark Holistiplan Vanilla *** Many of these tools are pushing the boundaries of what Compliance and Legal teams are comfortable with. Work with your firms to make sure you don’t cross over into the UPL (Unauthorized Practice of Law) or other areas where you may not be properly licensed to give advice. #AI #Wealthtech #Advisortech

EVO Wealth Consulting launches the Wealth Tech Solution Guide with 22 Industry Leading Firms to help growth-focused wealth managers navigate the expanding landscape of wealth technology. Time is the most valuable resource for financial advisors. Independent advisors allocate that time between serving their clients, meeting with prospects and running a business. They don't have time to evaluate, let alone implement, new technology that can make their business and their client's experience better. FOMU, or the Fear of Messing Up, creates inertia because the pace of wealth tech innovation is advancing much faster than it can possibly be adopted by advisory firms. Why risk investing in a new solution when something better may come out in six months? EVO and our curated partners have created the Wealth Tech Solutions Guide to help RIAs better understand what new solutions exist, how they can be integrated into a firm's existing infrastructure, and how they can work together to create a differentiated, scalable and cost-effective platform for growth. The guide is just an introductory overview. We will continue to produce additional content that spans from data and cyber, through marketing and planning, to portfolio design, management, trading and analysis. We will soon introduce a demo portal, where advisors can view short videos that explain the benefits of these, and other, wealth tech solutions. The link to the full press release is below in the first comment. A huge thank you to the following firms that are partnering on this launch to create better educational content for independent, growth-focused wealth managers. AllocateRite, Asset-Map, Advyzon Investment Management, LLC. (AIM), Buckler, Dispatch, FCI, FP Alpha, Fynancial, Halo Investing, IMTC, JIFFY.ai, Jump - Advisor AI, Jacobi, Kwanti, Nebo Wealth, Proteus, LLC, Smartleaf Asset Management, Syntax Data, Vanilla, VettaFi, VRGL, Wealth Management GPT Future Proof, Joel Bruckenstein, T3 Technology Tools for Today, WealthManagement.com, RIA Edge (Part of Wealth Management EDGE), InvestmentNews, ThinkAdvisor, Rethinking65

You want to incorporate AI solutions into your tech stack but are not sure where to begin. Our co-founder, Gabe Rissman, has been asked this question every time he's met with advisors at conferences and industry events. He has put together a free resource: a curated AI Tech Map that covers the 6 primary use cases of specific advisor tech. This resource will help orient advisors to discover the right solution for their practice and problems. With a spotlight on the first theme: Marketing and Content Creation, we share just what solutions exist beyond ChatGPT and Anthropic from industry leaders like Snappy Kraken, and FMG to newer platforms such as AdvisorX AI and Wealth Management GPT. Explore the YourStake Advisor AI Tech Map spotlight below or visit the full map here to view more companies: https://lnkd.in/evwvqPJb #FinancialAdvisors #AIinFinance #AdvisorTech #YourStake

?? I had a blast last week with Rob Dilbone, Carrie Nelson, and Lamar Pierce on the main stage at the TradePMR SYNERGY24 conference, announcing the launch of Apollo and what it means for TradePMR clients!?? ?? Apollo is a solution designed for growth-oriented RIAs and combines the best of behavioral science, communication strategies, content generation, a client resource library, coaching, and the opportunity to be part of a community. The team at Wealth Management GPT is proud to have played a role in the launch and the ongoing evolution!?? ?? Congratulations to Bill Coppel and his team for driving the vision and execution leading up to last week! Apollo represents one of the best investments I have seen a custodian or clearing firm deliver for their clients. Robb Baldwin Jessica Taylor Shores R. Scott Victoria, MBA, CFP? Tony Biancarosa, AWMA? Jon Patullo Atlas Point Allie Morgan #wealthmanagement #wealthtech #synergy24

Love this insight on how people are using #AI. ?I’m a firm believer in enabling organic proof of use cases, prompts, and exploration with what works best for them. We are all students here. https://lnkd.in/gVhGZdnK