AI assistant launches for financial advisers and paraplanners

The assistant – ‘Emma' – has features including bespoke reporting, allowing advisers and paraplanners to generate suitability reports using firm-specific templates. It also aims to achieve a 95% accuracy rate, "setting a new industry standard for AI-assisted financial reporting," AdvisoryAI stated. Meanwhile, the assistant will be able to produce succinct reports that "capture essential details, including crucial soft facts, enhancing client comprehension". "Emma marks a significant advancement in client advice creation and delivery, offering unprecedented levels of customisation, ...