Transcript:
My name is Danny McAuliffe. I’m a financial advisor at Paragon Wealth Management. We were pretty particular in our due diligence process of, what we wanted to, what we were looking for in a partner.
One of the key components was actually estate plan creation. Before Wealth.com, we would have clients who would literally come to us and say, ‘Hey, I want an estate plan, but I don’t actually want to go hire an attorney.’ And so that piece can take anywhere from months to years to actually get something implemented, which can now through Wealth.com, somebody can create an estate plan in really minutes.
“Through Wealth.com, somebody can create an estate plan in really minutes.”
We’re looking for technology partners to make us better at our jobs. Make our advisors better at their jobs, kind of take an existing estate plan, dumb it down in a way that we can get useful information out of it, understand what’s there, and then take it to client meetings. And you know, make it useful for clients.
The AI extraction tool is probably one of the most useful features I think that we’ve come across so far. You know, we’ve plugged some pretty complex estate plans in there. We’ve really tried to kind of break it per se, and it’s really good. It kind of parses through the information, it extracts the useful bits. You might’ve been using control F to find, or if it was a PDF, that you couldn’t actually, control F would’ve taken you, you know, minutes of trying to reference table of contents, flip to that page, try to figure it out. You can actually get an Ester summary in two to three minutes. That’s as good as anything we can put together.
“The AI extraction tool is probably one of the most useful features I think that we’ve come across so far.”
One of the nice features is the reports that Wealth.com creates, can take a very complex estate plan and really break it down into a 10 to 12 page summary that is actually useful for clients to understand.
