How AI is Revolutionizing New Client Acquisition

How AI is Revolutionizing New Client Acquisition

Advisor Core leverages cutting-edge AI technology to revolutionize and streamline the client onboarding process for financial advisors. With robust analytics, automated proposal generation, and more, Advisor Core empowers advisors to rapidly understand prospects, create tailored plans, and scale their practices like never before.

Jack Casady

Practice Management
November 2, 2023

The Long Road to Onboarding

The journey to close a prospective client can be lengthy and winding. From that first contact to transitioning assets, there are many back office-intensive mile markers along the way - scheduling initial meetings, preparing for discovery sessions, transcribing and analyzing statements, formulating the proposal, presenting the plan, and more. While prospective clients navigate their own decision-making process, it's key for advisors to make their onboarding workflow as streamlined and efficient as possible. However, this is often easier said than done.

Streamline with Advisor Core

This is where the latest advancements in AI technology can provide a major advantage. With Advisor Core, advisors can significantly shorten the time it takes to move a prospective client to the decision point. Advisor Core was designed to integrate seamlessly into an advisor's existing onboarding workflow, enhancing rather than replacing critical steps.

After a prospect sends over their portfolio statement information, the Advisor can quickly load the prospect's investment statements and instantly transcribe the document with no work at all. AI processes extract the pertinent information in minutes, saving as Advisor and their team hours or days of work. Then instantly get a full portfolio analysis of the statement against a set benchmark or other portfolio offering you might have. Finally, export a customizable, client-ready proposal ready for your next meeting with this prospect.

Many large financial institutions have expressed interest in AI and hope to employ it in the months to come. YourStake strives to bring this same technology but to make it accessible for smaller or independent advisors, now.

Accelerated Understanding

Advisor Core doesn't aim to replace meeting prospects in person or having in-depth discovery meetings. Rather, it enhances those conversations by giving the advisor a deeper understanding of the prospect's intrinsic motivations and full financial picture ahead of time. This allows the advisor to provide a tailored, personalized recommendation with supporting data and analytics - everything today's prospects expect.

By rapidly empowering advisors with actionable insights, Advisor Core enables growing an advisor's book of business faster. They can bring on more clients aligned to their values, tell their investment impact in a way that resonates and scale their practice to the next level.

The Power of Proposal Generation

One of the most powerful features of Advisor Core is its automated proposal generation capabilities. With just a few clicks, the platform can take the prospect analysis and turn it into a beautifully designed, customizable proposal PDF ready for presentation and sharing.

The proposal contains the prospect's full profile analysis, performance charts, asset allocation, fees comparison, and more - all able to be easily customized to the advisor's brand.  Rather than spending hours building proposals in Publisher or InDesign, the advisor can have a comprehensive document in PowerPoint ready in minutes.

Harness the Power of AI

By leveraging artificial intelligence and LLMs, Advisor Core brings new capabilities to practices of all sizes that are looking for a major advantage to close clients faster. With Advisor Core, features like using natural language chat to glean insights into the portfolio act as an AI paraplanner that gives you responses in seconds, no more waiting for a day of analysis and emails back and forth.

As AI continues revolutionizing the financial services industry, small and mid-sized firms can now harness these innovations to compete and stay ahead of the curve. Advisor Core democratizes robust, scalable technology for all advisors to benefit and thrive.

Take Your Growth to the Next Level

Ready to step into the future and take your practice to the next level? Schedule a demo of Advisor Core today and see firsthand how it can transform your prospecting workflow through the power of AI. 

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