FP Alpha, a pioneering provider of AI-assisted financial planning technology, has introduced several enhancements to its platform.
The updates to its Estate Lab platform, part of its broader Estate Planning Module, aim to streamline estate planning for financial advisors, enhancing their ability to project asset growth and manage estate tax implications for clients.
The most significant addition is the new Asset Projection feature, which allows advisors to input custom growth rates for assets and forecast balances over time. This functionality offers clients a clearer view of how asset growth might impact estate tax liabilities and the amount of wealth that will change hands between generations.
Andrew Altfest, founder and CEO of FP Alpha, highlighted the relevance of this feature for tax-centric advisors.
“In light of the upcoming changes to the Tax Cuts and Jobs Act, these enhancements are timelier and more impactful than ever," Altfest said in a statement. "The ability to project and quantify asset growth provides both advisors and clients with valuable insights for future estate planning decisions.”
The platform has also integrated Automation for Joint Cases into its Estate Snapshot feature, which simplifies estate planning for a wider range of clients. This complements existing features that handle revocable trusts, wills, POAs and other estate planning components, allowing advisors to serve a broader client base more efficiently.
Rachel Schwab, director of product at FP Alpha, emphasized the importance of providing deliverables with dynamic and visual appeal for clients.
“These updates not only improve the overall client experience but also enhance the advisor’s ability to present complex information in a fast, accurate, and efficient manner,” she said.
With the updates, FP Alpha’s Estate Lab now allows advisors to visualize the outcomes of estate planning recommendations without manually creating flowcharts, improving scalability for all clients, not just those with ultra-high net worth.
FP Alpha’s platform also offers integrated tax and insurance planning features, helping advisors provide comprehensive financial guidance.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
