Wealth Advisor Magazine September 2024 Edition - 28

COMPUTER NETWORKING
Advisor-Friendly Trust Companies
Leverages AI for Enhanced Services
O
ur 2024 Advisor-Friendly
Trust Companies showcase
is set to revolutionize
estate planning with its
latest update, incorporating
advanced artificial intelligence (AI) to
offer enhanced services. The current iteration
not only provides insights into
selecting corporate trustees but also
introduces a sophisticated AI-driven
feature that matches financial advisors
with skilled estate planning attorneys.
This dual-service approach, offered
at no cost, represents a significant leap
forward in streamlining and optimizing
estate planning solutions. The AI is integrated
into two essential functionalities:
1. Estate Planner Matching Service:
This feature considers factors like
expertise, geographic location, client
reviews, and specific legal specializations
to ensure that financial
advisors are paired with the most
suitable estate planning attorneys.
28 | SEPT/OCT 2024
2. Corporate Trustee Selection: This
tool assists advisors in choosing
the ideal corporate trustee from the
companies listed in the handbook.
By analyzing each company's profile
against the specific needs and preferences
of the advisor and their clients,
the AI ensures a tailored match.
The platform operates through an
intuitive " tell me about your client " interface,
where advisors can provide a
brief overview of the client's situation
without compromising confidentiality.
The AI is capable of extrapolating
from common patterns, enabling it
to offer relevant suggestions even
with minimal input. Think of it as
a concierge service: you present a
problem, the system proposes solutions,
and it adapts based on your
feedback, learning more about your
decision-making process with each
interaction.
For time-pressed advisors managing
a large client base, this tool offers
a significant advantage. It simplifies
the process of identifying both competent
estate planners and corporate
trustees, allowing advisors to focus on
other critical tasks. The AI's adaptive
algorithms provide increasingly
personalized matches the more it is
used, making the process of finding
the right professionals both efficient
and effective.
The streamlined approach not only
saves valuable time but also enhances
the quality of estate plan reviews,
enabling advisors to identify potential
issues and recommend actionable
solutions. The platform grants access
to a broad network of estate planning
attorneys and corporate trustees,
expanding options beyond traditional
limits. These external experts are vetted
to ensure they are " advisor-friendly, "
meaning they do not compete with
the wealth managers who introduce
them to clients.
We encourage advisors to bookThe
Wealth Advisor's 2024
Advisor-Friendly Trust
Companies showcase
incorporates advanced AI
to offer elite estate planning
services.
mark TheTrustAdvisor.com and stay
tuned for the official launch. Initial
testing has been overwhelmingly
positive, with many advisors eager to
become power users of this innovative
platform. Don't miss the chance to be
at the forefront of this technological
advancement in estate planning.
THEWEALTHADVISOR.COM
http://www.TheTrustAdvisor.com http://www.THEWEALTHADVISOR.COM
Wealth Advisor Magazine September 2024 Edition

Table of Contents for the Digital Edition of Wealth Advisor Magazine September 2024 Edition
