Fidelity launches AI-driven software for Planners

Retirement and investment provider Fidelity International is to launch an artificial intelligence-driven Financial Planning software tool for UK advisers.

Conquest Planning will support goals-based Financial Planning through data analysis.

The software will use data and artificial intelligence to provide advisers with insight into clients’ changing circumstances, allowing them to model recommendations in real-time.

It includes a digital assistant (Strategic Advice Manager) to create client profiles, analyse data to present prioritised strategies, offer real-time scenario planning with the ability to model and re-model changes to a client’s plan and strategies, and provide branded summary reports of an adviser’s recommendations to share with the client.

Conquest Planning has been developed to integrate with advisers’ existing technology systems.

It will be available to UK intermediaries through Fidelity Adviser Solutions.

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Jackie Boylan, head of Fidelity Adviser Solutions, said: ”Conquest Planning’ has the potential to transform the way advisers engage with their clients, and ultimately the way they do business. The software offers an innovative approach to financial planning at the click of a button, helping advisers to build plans faster and more efficiently. “By creating a consistent framework for delivering robust financial plans, it improves the efficiency of client reviews and provides advisers with the opportunity to help more people benefit from advice and potentially engage with new clients, as well as review how they operate as a business.”

Fidelity has partnered with Canadian fintech Conquest to distribute the software in the UK. The software is already delivered to 15,000 financial advisers in Canada.

Fidelity has yet to announce a final launch date for the software.

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Fidelity launches AI-driven software for Planners