A prospect arrives with statements from three custodians, in three layouts. Somebody used to read all of them and type every holding into a spreadsheet before an advisor could build a recommendation.
Built for a wealth advisory firm. An hour per client became ten minutes.
Investment portfolio analysis is the part advisors are paid for. Reading the statements first is automated data entry, and it consumes the hour.
Ai for document processing closes that gap, which is why portfolio analysis and document process automation turn out to be the same project.
Firms do not agree on what counts as an alternative or a cash equivalent. An intelligent document processing platform ships with its own list, and yours is the one that has to appear in the proposal.
Holdings have to sum to the total printed on the statement. When they do not, the run stops instead of producing a tidy but wrong allocation.
Most intelligent document processing solutions hand back structured data. The advisor needs a proposal.
Statements go in, holdings come out sorted by asset type, and the current and proposed allocations land on the right slides of the firm's own proposal deck. An hour per client became ten minutes.
Black Diamond, Salesforce, Redtail, PowerPoint, Google Slides, Excel, SharePoint and Dropbox.
Any. Each statement's layout is read on the way in.
Handled, with anything unclear flagged rather than guessed.
The advisor, before the meeting.
Yes. The same reading and classification drives review packets.