The latest technology news in the wealth management sector from around the world.

Advisor360, Meeting Prep
Wealthtech firm Advisor360°, which appointed a new CEO exactly a month ago, announced yesterday that it has launched Meeting Prep, an AI agent that the firm says can slash pre-meeting preparation time by 60 per cent.

The agent draws on existing client data within the Advisor360° platform. It automatically generates a personalized agenda before every client meeting, surfacing changes, outstanding items, and what matters most for each client.

The rollout of the offering is an example of how use cases in AI continue to develop in the world’s private banking, wealth management and family offices sectors. 

The 60 per cent cut in pre-meeting time was revealed when Advisor360°™ carried out live advisor testing of Meeting Prep, it said.

Beyond time savings, it uncovers what manual preparation routinely overlooks: missing beneficiaries, unconsolidated outside assets, tax-loss harvesting opportunities, and progress toward financial plans. It also keeps advisors proactive across their entire book by surfacing which clients are overdue for a review, the firm said. 

“Advisors should not have to spend hours reviewing client documents to deliver their best advice,” Milind Mehere, CEO of Advisor360°, said. “Meeting Prep turns scattered information into a clear view of what matters most to advisors, helping them show up prepared, proactive, and ready to deliver more value in every client conversation.” 

Envestnet
Envestnet, a provider of turnkey asset managers programs and fintech software to RIAs, has expanded its relationship with Vanguard to modernize tax-aware investing from what has been a complicated, manual process.

Vanguard’s Advisor’s Alpha® framework is now available within Envestnet’s Wealth Management Platform. 

The fund manager’s framework helps deliver tax-efficient retirement strategies, including tax-loss harvesting.

By selectively selling specific investments, advisors can realize gains or losses in an account. Selling investments in a client's taxable portfolio that have dropped in value – i.e., “harvesting” those losses – will generate losses that can be used to offset gains the client’s portfolio has realized. Alternatively, advisors can help clients realize gains in their taxable portfolios to offset losses from other investments. Especially during volatile markets, tax harvesting can provide an effective way of using losses to enhance after-tax portfolio performance.

“Tax management is no longer a year-end exercise. Advisors increasingly need solutions that help them manage tax implications throughout the year while keeping their portfolios aligned with their clients’ long-term goals,” Dana D’Auria, co-chief investment officer and group president of solutions for Envestnet, said. 

Vanguard will also take part in Envestnet’s Fund Strategist Tax Management (FSTM) Advantage program, joining a group of asset managers helping to remove cost barriers to tax management services and expand advisor access to tax-aware portfolio management on the Envestnet platform.