The new Claude for Financial Advisors enables Claude to be connected to the custodians, portfolio platforms, customer relationship management (CRM) systems and planning tools used by financial advisers, according to the post.
Claude for Financial Advisors also features new skills designed to aid the daily work of financial advisers. These skills enable Claude to use the information from the connectors to help with meeting prep, portfolio analysis and compliance checks, the post said.
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While Claude for Financial Advisors performs these tasks, the adviser stays in control, as the adviser’s review and approval are required on critical tasks. In addition, a compliance skill screens client-facing language to flag potential issues, helps firms document their review activities and helps firms document their use of AI under Securities and Exchange Commission rules, per the post.
“When Claude handles administrative tasks like meeting prep, follow-up drafts and pipeline review, advisers can spend more of their time serving clients,” Anthropic said in the post. “Practices can expand their customer base, and offer more of the services they need, like tax, estate, insurance and retirement planning.”
Anthropic announced in May that it debuted 10 new AI agents focused on financial services. The AI startup said these agents are designed to automate the “most time-consuming” tasks in the financial services space, including creating pitchbooks and conducting know your customer checks.
Rival AI startup OpenAI announced Thursday (Sept. 10) that it introduced a tailored ChatGPT Work experience designed for financial institutions. The company said ChatGPT for Financial Services is initially focused on investment banking and equity research, and it is designed to help bankers develop research, financial models and customized client materials.
PYMNTS reported Friday (Sept. 11) that AI native startups Rogo and Hebbia turn written instructions into financial models, memos and pitch decks, plugging into a bank’s paid data and its own files. Both also run on Anthropic, OpenAI and Google models.
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