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Financial Planning > Trusts and Estates

Wealth.com Launches Advisory Council, Moves to Expand AI-Assisted Estate Planning

By John Manganaro

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Financial advisors are being called upon by their clients to deliver more holistic services that go beyond portfolio building and organizing retirement income — and that increasingly includes support with estate and legacy planning.

In fact, according to Tim White, chief partnership officer and co-founder of the digital estate planning platform Wealth.com, no financial plan is complete without an estate plan. Getting the right legal documents and financial instruments in place is essential, White says, from standard wills and power of attorney documents to more intricate trusts and estate planning vehicles.

That’s why his firm has launched a new advisory council dedicated to helping more financial professionals access the educational resources and planning solutions they need to deliver sophisticated legacy planning services to clients.

The members of the new council are Anna N’Jie-Konte, president and director of financial planning for Re-Envision Wealth; Dasarte Yarnway, founder of Yarnway Wealth Management; Erik Smith, chief investment officer at 401 Financial; Justin Castelli, founder of RLS Wealth; Samantha Russell, chief evangelist at FMG; and Thomas Kopelman, head of community at Wealth.com and Co-founder of AllStreet Wealth.

The power of the council lies in its composition, White said, being exclusively made up of professionals from the financial advisory sector who either use Wealth.com’s planning solutions with their clients or possess a deep familiarity with the domain and the nuances of engaging advisors.

White says the firm believes that estate planning achieves its greatest impact when seamlessly integrated into a comprehensive framework of financial and life planning, rather than being viewed as a standalone service.

“Advisors typically have a keen awareness of their clients’ needs, and with the formation of this council, Wealth.com aims to further align its offerings with the needs of financial professionals and those they serve,” he said.

AI Estate Planning Tool

Speaking with ThinkAdvisor about the development, White notes that it comes on the heels of Wealth.com’s launch of Ester, a legal assistant that uses artificial intelligence and machine learning to enable financial advisors to make estate planning more accessible, cost effective and scalable for their clients.

The new digital tool automates tedious and laborious tasks traditionally handled by financial analysts and in-house paralegals, empowering financial advisors to efficiently deliver customized wills, trusts and other key estate planning documents, White said.

“Our view is that there is basically an uncapped opportunity for advisors in this area,” White said, adding that the formation of the advisor council signified “a dedicated approach to product development, always keeping the actual requirements of advisors in focus.”

Credit: Adobe Stock 

John Manganaro

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