Ask an advisor: What AI tools are financial advisors using right now?

March 25, 2025 12:00 PM

Artificial Intelligence Content Generator. AI assistant. Chatbot, generate images, write code, writer bot, translate, advertising. advisor tech tools back office workflow technology tools

Welcome back to "Ask an Advisor," the advice column where real financial professionals answer questions from real people. The topic can be anything in the world of finance, from retirement to taxes to wealth management — or even advice on advising.

The wealth management world is rapidly adopting AI tools in the workplace.

The 2025 T3/Inside Information Software Survey found that more than 4 in 10 (41%) advisors are using one or more search or generative AI tools today. They're using it to save time transcribing notes and sending emails, to onboard clients, to generate client leads and more.

WATCH: The tools advisors say they love at FP's ADIVSE AI conference

But as technology advances rapidly, the tools are changing, new tools are coming to market and the use cases are expanding. When ChatGPT entered the picture, it was a fun tool to play with and its answers might be a great starting point for someone treating it like a search engine. Today, AI is doing much, much more.

We asked advisors about the tools they're using today, what they're getting from them and how they use them. Find their answers below.

Note-taking specifically for advisors

Brad Bresica, financial advisor, Moisand Fitzgerald Tamayo

We have had major success with Jump AI over the last year or so. It is a meeting note-taking tool that is purpose-built for financial advisors to address the major and specific pain point of post-meeting documentation and follow-up. It saves our team at least 30 minutes per meeting and has been critical to helping us be more efficient.

It also has a very helpful pre-meeting prep tool that we leverage to better prepare for meetings. We've looked at other options, but nothing is as tailor-made for advisors and nothing integrates as well as Jump does. I would highly recommend it to any advisor looking to increase their efficiency at a very reasonable price.

Individualized tax planning

Noah Damsky, founder, Marina Wealth Advisors

I recommend Holistiplan as a staple for advisors. Everything that we do — investments, retirement contributions and distributions, estate planning, family planning — has tax implications, which means tax return analysis is critical.

Tax returns are long, detailed and bland, so analyzing them can be time-consuming and data intensive. Holistiplan enables me to summarize and organize data in a tax return so that I can analyze a client's situation, compare different scenarios and deliver the best advice for clients.

Notes, drafts, summaries and long-form articles

Mark Wilson, president and founder, Mile Wealth

I'm finding meeting note tools to be the best use case for AI. I'm using Zocks and really like it. I use it because it does not record the voice or video from meetings. Instead, it transcribes the meetings and builds its summaries, tasks, etc., from the transcription. It will also allow me to use live meetings and phone calls. Its direct connection to WealthBox is also a big plus.

I use ChatGPT for idea generation, summarization, draft writing, data grabbing and Excel/Python coding. Other (large language) models might be better at some of these specifics, but I'm not jumping to one for (say) writing and another for coding. I figure each of them will be the best at each task at one point; the time I would spend learning enough to jump around is not worth the effort.

I will mention that I'm really enjoying using Ithy.com. It generates longer form "articles" for questions using four of the top LLM models. I find the answers to be accurate, and I like getting custom articles.

Google integration for meetings

Said Israilov, co-founder and financial advisor, Israilov Financial

We use Google Workspace for our advisory practice and have recently upgraded our plan from Business Starter to Business Standard. Our new plan comes with a host of additional features and functionalities that empower our newly launched firm.

One of the features that we found particularly helpful is taking notes with Google's Gemini AI tool during client meetings. The AI note-taking feature is seamlessly integrated into Google Meet. As an advisor organizing client calls, you have complete control of this feature. It can only be turned on and off by the meeting organizer (meeting host). At the end of the meeting, you (the meeting host) will receive two documents — "Notes by Gemini" and "Transcript." Notes by Gemini will contain a comprehensive summary of key discussion points, while the Transcript offers a "word-for-word" transcription of the entire meeting. These two documents are archived in your firm's Google Drive folder for your future reference (e.g., for compliance purposes).

After each meeting, we thoroughly review these AI-generated documents for accuracy — so far we have found these documents to be extremely accurate. The AI note-taking tool has saved us countless hours of work — it has made us more efficient and organized, both during and after client meetings.

ChatGPT as a backup

Louis Barajas, CEO and founder, International Private Wealth Advisors

I use ChatGPT to see if there might be anything I have missed when doing a comprehensive financial plan.

Our financial plans include a lot of financial/behavioral/life coaching and usually I will ask ChatGPT the question(s) I am trying to solve for the client — life planning, goal setting, tax, estate, insurance planning. I will compare it to my financial planning software outputs (eMoney) and see if there is anything I might have missed or should have asked for further clarification.

The comprehensive level of information/feedback is impressive. I know that advisors want to believe that their jobs won't be replaced by AI, but I think that a lot of people who are not getting the "comprehensive" service will be replaced in the future.