June Newsletter | FINRA, Apex, Advisor Core, AI Tech Map

This month, we're diving into some eye-opening findings from FINRA about AI trust in financial advice. Spoiler alert: the numbers highlight the need to grow trust for Advisors and AI.?

At YourStake, we're not just talking about AI – we're putting it to work for you. From our collaboration with Apex Fintech Solutions to the new Magic Ticker Fill feature within Advisor Core, we're focused on empowering you to do what you do best, faster and more effectively than ever all to build better client relationships.

Ready to explore how AI can supercharge your practice while keeping that irreplaceable human touch? Let's dive in!

Best,

- Jack Casady ??

Key Developments This Month:

1. FINRA Study: Insights on AI vs. Human Advisors
2. YourStake's Comprehensive AI Tech Map
3. Introducing Magic Ticker Fill: Streamlining Portfolio Analysis
4. Strategic Collaboration with Apex Fintech Solutions

FINRA Study: Insights on AI vs. Human Advisors

The Findings: A recent FINRA study reveals that while only 5% of consumers would seek AI for financial advice, trust in AI-generated statements nearly matches that of human advisors for certain topics, a shocking 34%.

Why It Matters: This data unveils a significant opportunity for advisors to leverage AI capabilities while maintaining the irreplaceable value of human expertise.

YourStake's Perspective: Our President, Gabe Rissman, emphasizes the potential of combining AI's analytical power with human insight to enhance client relationships and deliver more comprehensive financial guidance.

Introducing the Advisor AI Tech Map

What's New: Introducing our comprehensive guide to navigating the AI-driven wealth management landscape.

Key Features:

• 6 thematic buckets to orient where AI can help Advisors
• Quarterly updates to keep you at the forefront of AI advancements
• Curated examples and resources for each category

How It Enhances Your Practice: Identify and implement the most effective AI tools to streamline your processes in curated ways, enhance client service, and drive growth for your firm.?

Explore the Map

?? Magic Ticker Fill in Advisor Core

The Challenge: Have you ever encountered the challenge of uploading a statement without ticker symbols and not having the information extracted?

The Innovation: Presenting Magic Ticker Fill

• One-click matching for stocks, mutual funds, and ETFs
• Better yet, trusts and non-public retirement funds will be matched with the closest publicly traded ticker so you can run an analysis on the entire statement.
• Intuitive manual adjustment capabilities when needed

The Benefit: Achieve faster, more efficient analysis and remove the need to transfer ticker information by hand to deliver better advice.

Watch Magic Ticker FIll in Action! ??

Strategic Collaboration with Apex Fintech Solutions

Big News: We've joined forces with Apex Fintech Solutions to empower Fintechs and Advisors with the building blocks for a new paradigm of AI-first experiences.

Spotlight on Innovation: The "Document-to-Portfolio" APIs

• First suite of offerings available on APEX's marketplace
• Upload image scans or PDF files of investment information
• Receive structured API responses with clean, accurate financial holdings data

The Impact:

• Streamline arduous processes
• Deliver efficient, industry-leading client experiences
• Provide state-of-the-art AI tools and shift the paradigm on AI-First Experiences

In the words of our Co-Founder and President, Gabe Rissman:

"By working with Apex, we are bringing our AI expertise to a wider audience, empowering fintechs and advisors to deliver exceptional client experiences and drive the future of wealth management. We're excited to release this useful first step and to continue to lead the way with developer solutions for the brave future ahead."

Read the Press Release

?? Advisor Core Pro Tip of the Month

Did you know you can click into any chart on the Advisor Core analysis tabs to see holdings level information??

For your next client meeting, try using the live analysis as an interactive report with your client and see the difference it can make.

Haven't used Advisor Core in a while? Watch a quick video update, or schedule a demo with our team.