YourStake Wins 2024 ThinkAdvisor Luminaries Award for Client Engagement and AI

We are thrilled to announce that YourStake has been named the winner of the 2024 ThinkAdvisor Luminaries Awards for client engagement and artificial intelligence. This recognition reflects our work in improving advisory workflows through AI solutions that enhance client outcomes.

As many remember back in 2023 when we first launched Advisor Core, the development process started with a fundamental question to our advisor community: "What could AI do for you to help you run your practice better?" The answer was clear – hours of manual, tedious work was holding advisors back. With the mass adoption of AI, we developed solutions to address this challenge.

Advisor Core has reduced proposal turnaround time from one week to just one day, improving conversion rates by 20%. Our AI-powered system extracts up to 99% of data from standardized brokerage statements, and up to 80% from any document containing holdings information. For our advisory firms, this means real savings – one major RIA aggregator has saved over $60,000 annually in time costs while improving their prospect-to-client conversion rates.

As we approach 2025, our community's feedback shapes our development. We've heard that single-point solutions aren't sufficient for connecting financial and life information in one place. This insight guides our development of a connected AI Meeting Assistant, designed to create a more unified advisory experience.

The future of YourStake focuses on building the AI Empowered Advisor experience. Our vision puts advisors front and center in the client experience, with AI delivering relevant information at the right time for each client. Backed by a team of expert engineers, including three astrophysicists, we're solving complex problems while keeping advisors central to our roadmap.

This achievement belongs to our entire community. Our platform enables advisors to chat with portfolios, generate analyses, and create customized, branded presentations during client meetings. We've helped reduce a weeks-long process to five minutes, allowing advisors to focus on building client relationships.

We extend our gratitude to the team at YourStake who makes our solution possible, and most importantly to our advisor community that guides our platform development. As AI continues to evolve in financial advisory services, we remain committed to supporting the advisor-client relationship through thoughtful innovation, safe utilization of AI, and keeping Advisors at the center of everything we build.