Top AI Tools for Financial Advisors
What Problems Does AI Solve?
Ultimately, it comes down to improving productivity and efficiency, and helping you save time and money. AI can enable every member of your team to create value-added content, deploy workflows, build consistent procedures, proactively get more from the day instead of reactively fire-fighting and just getting through the day. Ultimately, you can create a more predictable, sustainable and scalable business without expending more effort. Yes, there is a learning curve and yes, the ROI makes it all worthwhile. If nothing else, a solid AI strategy will mean you and your team can do less of the mundane tasks that devour time and enable you to do more of the productive tasks that drive your business.
"After all is said and done, more is often said than done."
As practice management and business development coaches to financial advisors, we are fixated on showing you how AI can help you achieve speed in implementation, so that you can make meaningful and measurable progress in a reasonable period of time.
Further down in this article you will find a list of AI tools categorized by the following:
- What is the best AI note taking tools for financial advisors?
- What is the best AI Chatbots for financial advisors?
- What is the best AI content creators for financial advisors?
- What is the best AI SEO and marketing tools for financial advisors?
- What is the best AI process builders for financial advisors?
- What is the best AI tools to improve client or team communication?
Get the in-depth whitepaper: AI for the Financial Advisor Download Now
Is AI Adoption Non-Optional?
The awareness and wide-scale usage of AI continues to accelerate. It came out of nowhere in 2022 and the traction and velocity went into overdrive. It's clearly here to stay and will undoubtedly seep into every aspect of cyberspace, industry and day-to-day life. There are three primary reasons we ask you to be a serious student of AI:
1. As a Fiduciary - There are early preeminent players in the space that are already blue-chip firms, or they're quickly approaching that status. Add the emerging and growing firms who are innovating quickly, and today you have over 70,000 companies worldwide in the AI sector. Looking down the road, imagine what it looks like when AI starts to converge with quantum computing, cybersecurity, social media, mobility, robotics and the blockchain. It's clear that AI is revolutionizing the e-commerce sector and it will create opportunities and risks along the way. Your clients will look to you to be a voice of reason, navigating them through the signal-to-noise ratio. A startling example of this shift is in agriculture. Farmers are turning to laser weeding, with AI-powered tools that attach to the back of a tractor and scan crops to zap encroaching weeds with lightning speed. What does that look like in the world of herbicides and GMO? Soon, we'll start to see game-changing examples like that on a daily basis. As an entry point to help you get your head around how to discuss AI with your clients, simply go to Chat GPT and prompt it with this request:
"I'm a financial advisor and I'd like to explain to my clients how AI is transforming the world. What points should I focus on?"
The response you'll get is concise and will open many other doors going forward.
2. As a Financial Advisor - AI enables you to shift fully from having a "book of business" to having an actual business - one that thrives and becomes incredibly valuable. Virtually every interaction you have with team members, prospective clients, existing clients, strategic partners and vendors can be optimized with AI. A solid jumping off point is the day-to-day operational utility your team relies upon. Say, for instance, you use the integrated suite of Microsoft 365 apps - consider scheduling a one-hour recurring meeting with your team once a week to discuss how you've all identified AI tools within the Microsoft 365 Copilot solution that led to better outcomes. Being deliberate and methodical about demystifying how optimizations can be made within daily habits and rituals will open up a new perspective on the possibilities AI can bring to your business. Nothing too disruptive, nothing earth shattering, just a toe in the water to challenge patterns and break up complacency.
The theme of complexity will come up often. You'll remember Occam's Razor, which states that in problem solving, finding the simplest answer or solution is often the most correct. We'll be focusing on the most intuitive and useful AI tools while avoiding the esoteric and complicated. Again, the key is with adoption and implementation, and that requires that you and your team be open minded. Occam's Broom is a lesser-known premise that states that the enlightened individual is one that is not so completely hardened and inflexible in their views that they aren't open to new ideas that might challenge their existing beliefs. Their clay is soft. When they are exposed to a new idea or refinement, they don't dismiss it and "sweep it away.'
There is a fascinating book called The Founders Mentality written by Chris Zook and James Allen. They suggest that growth in a business causes complexity and then, paradoxically, complexity becomes the silent killer of growth. It's at that moment that the founder starts to lose their innovative and entrepreneurial spirit as they become bogged down in managing and firefighting. We're mindful of that and hope to highlight the right mix of innovations so that you can focus on the best use of your time and talents.
3. As an Individual - AI is fascinating, as it seems to be rewiring, reimagining and rejuvenating many aspects of daily life. If you look back to the time of Y2K and the emergence of the Information Super Highway that gave us the internet, email and the incredible power to search for information, conduct business and perform services on a B2C and B2B level, it seemingly happened gradually and then suddenly. You adopted because it was self-evident that these were tools that would become essential utilities. The emergence of smartphones took the rewiring to a new level, because it put so much power in the palm of your hand. You know it's indispensable because of how you feel when you misplace your phone for more than 10 minutes.
Below is a list of AI tools and software for Financial Advisors:
What is the best AI note taking tools for financial advisors?
Jump Ai
Purpose: Jump AI is designed to enhance productivity for financial advisors by automating meeting notes, tasks, and CRM updates. It automates the administrative tasks associated with client meetings. It integrates deeply with CRM systems like Salesforce, Redtail, and Wealthbox, enabling advisors to spend less time on administrative tasks and more on client interaction.
Website URL: https://jumpapp.com/
Zocks
Purpose: Zocks is designed to enhance productivity and client relationship management for financial advisors by automating various meeting-related tasks. It is a privacy-first AI assistant that automates meeting preparations, note-taking, and the generation of follow-up actions and client communications. It integrates seamlessly with CRM systems, enhancing workflow without recording conversations.
Website URL: https://www.zocks.io/
What is the best AI Chatbots for financial advisors?
Chat GPT
Purpose: ChatGPT is an AI-driven chatbot designed to generate human-like text responses across various conversational topics and tasks. Developed by OpenAI, ChatGPT operates on the GPT (Generative Pre-trained Transformer) language model, with its latest iteration being GPT-4o. It assists users with a range of tasks including answering questions, creating content, brainstorming ideas, and more.
Website URL: https://chatgpt.com/
Google Gemini
Purpose: Gemini is Google's most advanced AI model, capable of understanding and generating content across multiple data types simultaneously. It's most common use is for it's Google search and Chabot functionality. This model is specifically built for complex reasoning, recommendations and deep learning tasks.
Website URL: https://gemini.google.com/app
Perplexity
Purpose: Perplexity is an AI-powered search engine that provides direct answers to users. Unlike traditional search engines, Perplexity combines AI language models and real-time web search to deliver direct, comprehensive answers. It supports various focus modes tailored to different needs such as academic, writing, coding, and general inquiries. The platform allows follow-up questions and provides answers with source citations.
Website URL: https://www.perplexity.ai/
Grok (X)
Purpose: Grok is an AI chatbot designed to provide insights and generate content, integrating with the X platform to enhance user interaction and engagement. Grok offers capabilities such as real-time content updates, image generation, and advanced coding. The AI can generate text, analyze files, and even create artistic images. Grok is known for its less restrictive censorship compared to other AI models and can be accessed for free by all users of the platform X.
Website URL: https://x.ai/grok
What is the best AI content creators for financial advisors?
FMG Mobile
Purpose: Streamlines social media management for financial advisors with AI-driven content creation and compliance. FMG Mobile is an app that uses AI to help financial advisors manage social media content effectively, ensuring it meets compliance standards. It integrates content curation technologies and generative AI to enable content customization across emails, social media posts, blog entries, and more, ensuring all communications are compliance-ready.
Website URL: https://fmgsuite.com/company/in-the-news/fmg-announces-one-click-ai-powered-personalization/
Adobe Content Authenticity
Purpose: Content creators can apply secure metadata to their content, customized with information about themselves and their creative process. For example, a photographer can ensure their work is not shared without proper credit due to the content credentials they have "signed" on their work.
Website URL: https://contentauthenticity.adobe.com/
Podium
Purpose: Podium is designed to automate and simplify podcast post-production tasks, making it easier for podcasters and creators to focus on content creation. It assists with various aspects of podcast production, including generating show notes, episode chapters, chapter summaries, and social media clips. It also creates a full transcript of each episode, suggests episode titles, and identifies keywords to enhance discoverability. Podium aims to save creators time and effort by automating these essential but time-consuming tasks.
Website URL: https://hello.podium.page/
Jasper
Purpose: Jasper AI is designed to assist in content creation by automatically generating high-quality text for marketing copy, blog posts, social media posts, and other content needs. It uses advanced machine learning models to produce text that resembles human-written content. The tool offers a variety of templates and writing styles, making it versatile for different content needs. Jasper AI is especially useful for content marketers, copywriters, and businesses looking to scale up their content production without compromising quality.
Website URL: https://www.jasper.ai/
Vocal Voice (often referred to as Vocs AI or My Vocal AI)
Purpose: Vocal Voice is an advanced AI-driven voice generation platform designed to create high-quality audio for various applications including music production, voiceovers, and more. It generates customized vocal tracks that can be tailored in terms of tone, pitch, and style to fit specific needs. The platform offers an array of features such as different language support, emotional tone control, and high-resolution audio outputs. It's particularly useful for content creators and musicians who require quick and professional-grade vocal solutions without the need for traditional studio setups.
Website URL: https://www.vocs.ai/
What is the best AI SEO and marketing tools for financial advisors?
Surfer SEO
Purpose: Surfer SEO is designed to optimize web content for search engine rankings by analyzing and mimicking the strategies of top-ranking pages. It offers tools like Content Editor, SERP Analyzer, and SEO Audit to help improve the on-page SEO of written content. It provides guidelines on keyword usage, content structure, and other SEO factors to increase a page's visibility and ranking. The platform supports content creation in multiple languages and integrates with popular tools like Google Docs and WordPress for a streamlined workflow.
Website URL: https://surferseo.com/
What is the best AI process builder for financial advisors?
Fact set
Purpose: FactSet provides AI-powered solutions for financial services, enhancing workflows through advanced conversational AI and data analysis tools. These tools assist bankers, analysts, and portfolio managers by automating tasks and improving decision-making capabilities.
Website URL: https://www.factset.com/solutions/wealth-management
Whimsical
Purpose: Whimsical is designed to enhance the way teams collaborate on and visualize projects, particularly through the use of diagrams such as flowcharts, mind maps, and wireframes. Whimsical integrates AI to assist with creating various types of visual documentation quickly and efficiently. Users can generate ideas, organize them visually, and create comprehensive project documentation with ease.
Website URL: https://whimsical.com/
Scribe How
Purpose: Scribe is designed to streamline the creation of detailed step-by-step guides by capturing actions, screenshots, and text, simplifying the documentation process. It uses AI to automatically generate visual guides with annotations and branding, and share them in various formats like PDF or via embedded links. This tool is beneficial for teams in operations, sales, HR, and IT, making it easier to document workflows, onboard new hires, and train teams or customers.
Website URL: https://scribehow.com/
Tango Ai
Purpose: Tango AI is designed to simplify the creation of software training guides and documentation. It enhances productivity by automating the process of creating step-by-step how-to guides for software applications. Users can generate guides by performing tasks as usual, while Tango captures each step, automatically creating visual and textual documentation. This tool is particularly useful for IT and operations teams, enabling them to create training materials quickly and efficiently, which are essential for software onboarding and user adoption.
Website URL: https://www.tango.ai/
Refer Me IQ
Purpose: Referral IQ is designed to streamline referral management processes, using AI to enhance the speed and accuracy of client intake and data management. It features capabilities like automatic identification, and classification of new referrals to help you save time and money with acquiring more targeted "ideal" clients.
Website URL: https://www.refermeiq.com/industry-financial-advisors/
What is the best AI presentation builders for financial advisors?
Decktopus Ai
Purpose: Decktopus AI is designed to streamline the creation of professional presentations by utilizing AI-driven features. Features include a drag-and-drop editor, AI-assisted content generation like text and image suggestions, and design recommendations. The platform allows for brand template uploads to maintain consistency across presentations, organization of slides into categories, and the ability to manage collaboration across teams.
Website URL: https://www.decktopus.com/
Beautiful.Ai
Purpose: Beautiful.ai is designed to simplify the creation of professional and visually appealing presentations through AI-powered automation. It features smart templates that adjust to input automatically, ensuring slides look polished and cohesive. The tool also offers real-time collaboration and brand control, making it suitable for both individual and team use. It integrates with popular platforms like PowerPoint and Slack.
Website URL: https://www.beautiful.ai/
What is the best AI tool to improve client or team communication?
Crystal Knows
Purpose: Crystal Knows is designed to provide personality insights that help improve communication in professional settings. It analyzes personality traits based on the DISC framework. It helps users tailor their communication style to better align with clients, prospects, and team members by providing personalized insights and advice. The tool is especially useful in sales, hiring, and management, enabling more effective interactions and strategic relationship building.
Website URL: https://www.crystalknows.com/
Get the in-depth whitepaper: AI for the Financial Advisor Download Now
If you need assistance in implementing AI with your business or team, reachout to us, and ask us about our AI Coaching & Consulting: Contact Pareto Systems
Financial Advisor Coach | Author | Speaker
