A new integration between PreciseFP, the data-gathering workhorse owned by wealthtech provide Docupace, and FinMate AI, an AI assistant built by former financial advisors, could be transforming manual notetaking into a behind-the-scenes backend process that saves advisors time.
According to a joint announcement this week, the integration links FinMate’s AI-powered notetaker with PreciseFP’s data management tools. During an advisor’s discovery meeting with a client, FinMate listens in. It analyzes the conversation for key financial details. The tool can pick up net worth, goals, retirement targets, and risk appetite from conversations.
From there, it instantly pushes that structured data into PreciseFP. Advisors can then send out client questionnaires, collect any missing information. Structured data can be transmitted into heavyweight financial planning software like eMoney, RightCapital, or Envestnet MoneyGuidePro, the firms said.
Moving From Data Collection To Data Activation
“We’re thrilled to partner with FinMate AI,” said Richard Thoeny, executive vice president of product strategy at PreciseFP. “This integration empowers advisors to go beyond collecting data — now they can activate it. FinMate AI brings powerful automation and intelligence to the data our users already gather, helping them deliver more personalized and proactive financial advice without friction.”
Over the past year, financial advisors’ attitudes toward artificial intelligence and generative AI have shifted dramatically, according to a recent survey. Eighty-five percent of advisors said the technology is helpful to their practice, up from 64% last year. Seventy-six percent said that they have experienced immediate benefits from generative AI-enabled tools. Wealth management has seen a wave of AI-driven innovations.
Making Workflow Automation More Dynamic
The PreciseFP-FinMate collaboration could put the human advisor first, with its focus on making workflow automation more dynamic and slightly more autonomous.
“This new capability is a testament to what wealthtech providers can do when they set their sights on improving the advisor/client experience,” said Daniel Yoo, founder and chief executive officer at FinMate AI.
“We think the ease of this process is going to unlock more and more individuals to the high standard of financial advice.”
