Vanguard has launched an AI-based portfolio analysis tool, dubbed Expert Insights, to help financial advisors provide investment guidance at scale, including personalized portfolio insights, by transforming complex data into client-ready guidance.
Vanguard said its annual portfolio analysis engagements with advisors have roughly quadrupled over the past six years and that Expert Insights puts its portfolio-analysis specialists' expertise directly in advisors' hands.
"When advisors share their portfolios with us, we can work together on a powerful goal: helping create better outcomes for investors," said Amma Boateng, Vanguard's financial advisor services managing director.
Currently in pilot with select advisors, Expert Insights will be embedded in Vanguard's open-access portfolio analytics tool later this year.
"I am constantly energized by seeing how advisors use AI to streamline their roles, and Vanguard is in a great position to be an important partner in that process," Sid Ratna, who heads digital and analytics in financial advisor services, said.
"With Expert Insights, we're providing advisors with a clear, straightforward way of communicating the advantages of their clients' portfolios, opening more time for advisors to spend coaching and building trust with their clients," Ratna added.
Vanguard said Expert Insights is the latest enhancement to help advisors streamline and scale client support, including AI-based articles on market perspectives that can be customized for clients. Another analytical tool allows advisors to stress test client portfolios for various market conditions.
Other tools include estimators for retirement health care costs and Social Security benefits, including the ability to recommend the optimal time to claim.
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