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FP ALPHA
Estate Planning Snapshot
According to research by Spectrem, 93% of clients want estate planning advice from advisors but few offer this as it's time consuming and difficult to scale. That's why FP Alpha, the AI-driven advanced planning solution created the Estate Planning Snapshot, a first of its kind tool for advisors. It launched in May 2022 and provides advisors a scalable way to summarize and visualize key components of a client’s estate plan, simply by uploading their legal documents. It's produced by applying AI technology to read documents such as wills/trusts which then summarizes them into a client deliverable with easy-to-follow visuals, including flowcharts, allowing the advisor to best review the distribution of assets, identify key individuals, and explain potential scenarios to their clients.
Founded by financial planner and industry leader, Andrew Altfest, CFP ®, FP Alpha is an AI-driven advanced planning solution that helps advisors identify actionable recommendations to clients, in a scalable, intelligent, and cost-efficient manner. FP Alpha is designed to integrate seamlessly into the many stages of the financial planning process and is complementary to the advisor's current financial planning software, starting where they stop. By leveraging AI learning and subject matter experts across 16 financial planning disciplines, this innovative tool allows advisors to uncover new planning opportunities providing clients with more holistic advice. FP Alpha enables advisors to upload a client’s financial documents such as wills, trusts, tax returns, and insurance policies to instantly summarize the data and identify actionable and personalized planning opportunities. Key integrations with CRM providers, MoneyGuide Pro and Riskalyze enabled advisors to automatically populate demos and client data into the tool for ease of use.
fpalpha.com
210 WealthManagement.com
*NOTE: Company descriptions are effective as of the date of nomination submission (February – May 2023). For updated facts and figures since that timeframe, please contact the nominated company.
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