Artificial intelligence solutions provider AdvisoryAI has launched its AI assistant tool, Emma, for advisers and paraplanners.
The tool, now available to UK advice firms, includes features such as bespoke reporting, high-precision output as well as concise and comprehensive reporting.
Emma was created in response to feedback from UK advisers and aims to address key challenges in the advice process, such as the need for personalised templates, reliable content generation, and more focused reporting.
It can generate suitability reports using firm-specific templates while also achieving a 95 per cent accuracy rate, according to AdvisoryAI.
Alan Gurung, chief executive of AdvisoryAI, said: “Emma seamlessly integrates into advisers' existing workflows, enhancing rather than disrupting established processes.
“It's a game-changer, enabling the creation of tailored suitability reports in just five minutes.”
Roshan Tamil Sellvan, chief technology officer, added: “Emma strikes the perfect balance between the user-friendly output of popular AI models and the depth and accuracy demanded in financial reporting.
“The ability to customise outputs to each firm's specifications is an added advantage."
AdvisoryAI provides AI-driven solutions for advisers by automating administrative tasks like suitability letters, annual review reports, meeting notes and provider information summaries.
alina.khan@ft.com
