Automwrite utilizes proprietary AI algorithms to generate tailored suitability reports in under 45 seconds, significantly reducing the time and cost associated with traditional paraplanning. By automating report writing, the platform offers a solution that is 90% less expensive than hiring a full-time paraplanner, enabling financial advisors to focus more on client engagement.
Funding
Funding not disclosed
Founders
Product
Problem
Financial advisors spend significant time and resources on paraplanning tasks, specifically creating suitability reports, which detracts from client engagement and business development. Traditional paraplanning methods are often expensive, involving either hiring full-time paraplanners or outsourcing, leading to increased operational costs.
Solution
Automwrite offers an AI-powered platform that automates the generation of tailored suitability reports in under a minute, significantly reducing the time and cost associated with traditional paraplanning. The platform uses proprietary AI algorithms to analyze client circumstances and objectives, then crafts bespoke reports based on specific instructions. By automating report writing, Automwrite enables financial advisors to reduce paraplanning costs by 90% and reallocate their time to client interaction and business growth. The system is designed to be user-friendly, ensuring advisors can quickly onboard and generate reports without extensive training.
Target Audience
The primary target audience includes financial advisors and firms seeking to reduce paraplanning costs, improve efficiency, and free up time for client engagement.
Features
- AI-driven report generation based on client data and objectives
- Customizable report templates to meet specific requirements
- Report generation in under a minute
- Secure data storage using the same facilities as the UK Government
- Knowledge bank programmed by a software engineer qualified with the DipPFS
- Integration of client fact finds and existing portfolio details
- Automated annual review generation