Presented by michael brady
AI for Financial Advisors
Practical Applications and Real-Life Examples
It was a pleasure speaking to you about AI for financial advisors. Take a look at the JumpAi notes taken during my presentation.
Full Presentation Outline
Get the full outline of Mike’s talk, including timestamps, tool breakdowns, and real-life examples. Whether you want to revisit a specific section or explore a new tool, this guide has everything laid out clearly—with hyperlinks for easy access.
Presentation
This AI-generated PowerPoint was created directly from the outline using large language models. It demonstrates how AI can instantly transform raw ideas into polished, professional presentations—saving hours of prep time.
Gronk AI Sample
See a real client-facing use case in action: this Grok-generated explanation compares donating appreciated stock to a Donor Advised Fund (DAF) versus gifting cash to charity. Created in under a minute, it’s a prime example of how AI can simplify complex financial concepts for clients.
The Generosity Team
Michael Brady
Founder
Cassidy Murphy
Esquire
Bettsee Gotwald
Business Growth Advisor
Felicia Aplara
Executive Assistant
Sara Russell
Brand Manager
Lindsay Brooks
Intern
Presentation Outline
Introduction
- Welcome and Purpose
- Introduce yourself as Michael Brady from Generosity Wealth Management.
- Emphasize a practical, experience-based talk on using AI to enhance financial advisory practices, avoiding abstract theory.
- Share your goal: 5x or 10x business growth over 15 years through junior partners, strategic hiring, and AI leverage.
- Context
- Highlight time as a critical resource for scaling your practice.
Why AI? The Big Picture
- Time Management
- Illustrate income vs. time expenses: reducing time on low-value tasks (e.g., notes, data prep) frees you for high-value tasks (client meetings, partnerships).
- Highlight opportunity cost: administrative tasks detract from business growth.
- AI as a Virtual Assistant
- Compare AI to a human assistant: delegate tasks but verify outputs.
- Address mindset: poor delegators (expecting exact replication) will struggle with AI. The issue lies with the user, not the tool.
Core AI Tools in My Practice
- 1. Grammarly (Grammar Checker)
- www.grammarly.com
- Usage: Real-time grammar and style suggestions in email, Word, and online forms.
- Impact: Enhances professionalism, saves time, refines client communications.
- Example: Grammarly suggests clearer phrasing for a client email.
- Pricing: Pro version ~$144/year (individual plan, 2025 estimate).
- Note: Confirm exact cost for Pro version.
- 2. Jump AI (Note-Taking and Meeting Summaries)
- AI Assistant For Financial Advisors | Jump
- Usage: Cambridge-approved, transcribes Zoom/client meetings, customizable outputs (narrative, tables, to-dos).
- Features:
- Auto-joins Zoom, summarizes discussions (client concerns, recommendations, action items).
- Syncs with CRM and RightCapital (e.g., updates 401(k) balances); E-Money integration expected soon.
- Customizable templates for narratives and task assignments.
- Example: Shared notes with 50 new clients (from acquired book of business) with zero rejections, introduced as a tool to stay present.
- Client Introduction: “I use a note-taker to stay fully present. I’ll share the summary to keep us on track. Is that okay?”
- Impact: Reduces note-taking from days to 5 minutes, clarifies staff tasks (e.g., “Felicia does X, Joe does Y”).
- Pricing: $75 to $120 per month (Cambridge-approved).
- Alternative: Zocks (AI Meeting Assistant for Financial Advisors | Zocks, similar, Cambridge-approved).
- 3. Kutools (Microsoft Enhancements)
- ExtendOffice: Kutools for Excel, Word & Outlook – Boost Productivity
- Usage: Add-ons for Microsoft Word, Excel, and older Outlook to streamline repetitive tasks.
- Impact: Saves time on document formatting and data processing.
- Example: Automates Excel data cleanup for client reports.
- Pricing: ~$49 one-time purchase for Kutools for Excel (2 years free upgrades, 2025 estimate).
- Note: Confirm compatibility with latest Outlook versions.
- 4. Large Language Models (Grok, ChatGPT, Copilot)
- Usage: Grok (xAI’s tool) for news summaries, client explanations, and brainstorming.
- Example: Generated a two-paragraph explanation of donor-advised funds with appreciated stock (cost basis $6,000, value $10,000) for client Joe in less than a minute vs. 30 minutes manually.
- Impact: Saves time on client education and marketing (e.g., 10 Boulder-themed business names).
- Pricing: ~$20/month for Grok, ChatGPT, or Copilot (2025 estimate).
- Note: Grok integrates with your x.com profile for personalized insights.
- 5. FP Alpha (Document Analysis and Insights)
- Where AI Meets Financial Planning – FP Alpha
- Usage: Uploads client documents (tax returns, trusts) for graphical insights and CPA/attorney talking points (e.g., Roth conversions).
- Impact: Saves time on document analysis, enhances client discussions.
- Example: Uploaded a client’s tax return to identify Roth conversion opportunities, visualized for CPA discussion.
- Pricing: ~$1,500/year for one advisor, $1,000/year per additional advisor (unlimited clients/documents); tax analysis $13–$15 per case (2025 estimate).
- Note: Contact FP Alpha for enterprise pricing (fpalpha.com).
- 6. Wealth.com (Estate Planning)
- The Most Comprehensive Estate Planning Platform Built for Financial Advisors – Wealth.com
- Usage: Clients create estate plans online, supported by your wife (estate planning attorney), valid in all 50 states.
- Impact: Streamlines estate planning, adds revenue via attorney services.
- Example: Client completes online estate plan, reviewed by Cassidy for affordability and compliance.
- Pricing: Approximately $5,000 annually (serves 750+ firms, high-net-worth focus).
- Note: Scenario Builder tool enhances complex estate modeling.
- 7. PDF Elements (Adobe Alternative)
- Easy PDF Solution to Create, Convert, Edit PDF -Wondershare PDFelement-copy-copy
- Usage: Summarizes documents (e.g., RSU grants, tax returns) and redacts sensitive data (e.g., Social Security numbers).
- Example: Summarized a client’s tax return with tax-saving suggestions, highlighting key sections.
- Impact: Faster and cheaper than Adobe, with AI summarization.
- Pricing: ~$80/year (individual license, 2025 estimate).
- 8. Notion for Websites (Client-Facing Knowledge Bases)
- The AI workspace that works for you. | Notion
- Usage: Use Notion with tools like HelpKit or Simple.ink to build client-facing websites or knowledge bases (e.g., FAQs, financial guides).
- Impact: Creates professional, low-cost websites to share resources with clients, reducing support queries.
- Example: Built a client portal with HelpKit, hosting FAQs and tutorials, reducing client emails by 50%.
- Pricing: Notion Free plan sufficient; HelpKit starts at ~$25/month, Simple.ink free tier available (2025 estimate).
- Note: Use Notion’s free plan with third-party tools like HelpKit for secure, customizable client sites.
- 9. QuillBot (Writing and Paraphrasing)
- QuillBot: Your complete writing solution
- Usage: AI-powered paraphrasing, grammar checking, and summarization for client communications and marketing.
- Impact: Enhances email clarity, speeds up content creation (e.g., client letters, blog posts).
- Example: Rephrased a client email for professional tone in seconds, saving 10–15 minutes.
- Pricing: ~$20/month (Premium plan, 2025 estimate, aligning with your provided cost).
- Note: Free plan available with limited features (125-word paraphrasing limit); integrates with Chrome, Word, Google Docs.
Additional AI Applications
- Seminar Summaries
- Usage: Record conference sessions via Jump AI, transcribe into thematic bullet points for staff sharing.
- Example: Summarized Secure Act 2.0 catch-up provisions (ages 60–63) from a seminar, shared with staff who didn’t attend.
- Impact: Maximizes conference value, keeps team informed, saves time on manual note-taking.
- Note: Staff confirm receipt, enhancing accountability.
- 2. Strategy and Marketing with LLMs
- Usage: Use Grok/QuillBot for strategy sessions, marketing meetings, and content creation (e.g., press releases).
- Example: Generated three press release versions for your website in two minutes, tailored to your Boulder practice.
- Impact: Streamlines brainstorming and content creation, saving hours on marketing tasks.
- Other Uses: Summarized nonprofit whiteboard notes into semester-based goals with KPIs; analyzed personal medical records for health insights.
Addressing AI Concerns
- Security and Privacy
- Acknowledge concerns about large language models and data training.
- Cambridge-approved tools (Jump AI, Zocks) offer privacy settings to prevent data use in training.
- Perspective: Clients concerned about AI privacy often share personal details on social media. Data risks exist with platforms like Google Drive, AWS.
- Understanding One & Two Party Consent
- Upcoming Jump AI feature: Summarize emails, notes, and CRM data for client prep (pending Cambridge approval).
- Accuracy and Trust
- AI isn’t infallible; verify outputs, as with a junior advisor.
- Example: Edit Jump AI notes for misspellings or incorrect task assignments.
Future of AI in Financial Advisory
- Vision: AI will consolidate disparate data (emails, CRM, social media) into comprehensive client reports, highlighting tasks, recent life events (e.g., pet’s death), and outstanding actions (e.g., unsubmitted tax returns).
- Impact: Frees advisors to focus on client relationships and community impact, aligning with your 5x/10x growth goal.
- Example: Wealthbox’s upcoming AI integration (summer 2025) may summarize client data but may not match Jump AI’s customization.
Conclusion and Q&A Transition
- Key Takeaway: AI saves time, enhances client service, and scales your practice, but requires a delegator’s mindset and verification.
- Call to Action: Experiment with one AI tool (e.g., Grammarly, QuillBot, or Notion) to see immediate benefits.
- Q&A: Open the floor for questions, encouraging Zocks users to share experiences.
TOOLS QUICKLINKS
About Generosity Group
The Generosity Group unites the expertise of Generosity Wealth Management, Generosity Estate Planning, and Generosity Business Exit Planning under one mission: to empower individuals, families, and business owners to achieve clarity, confidence, and purpose in every aspect of their financial lives.
By integrating strategic financial planning, legacy protection, and business transition guidance, our collaborative teams provide a holistic approach tailored to your unique goals and values. With shared leadership, a dedicated support network, and a deep commitment to your success, the Generosity Group ensures every piece of your financial picture works seamlessly together.
Have questions or Are You Interested in Collaborating?
Contact Info
885 Arapahoe Avenue
Boulder, CO 80302
303-747-6455