How to Automate Your Practice with AI Automations (on-demand)-Slide handout

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Pdf Summary

The document outlines a presentation by Beemo Automation focused on utilizing AI for financial practice automation. In just 60 minutes, participants will develop a 90-day AI strategy. The presenter is an experienced advisor who transitioned from traditional finance roles to founding Beemo Automation, leveraging a data science background.<br /><br />The session aims to: <br />1. Provide adoption statistics for AI among fee-only advisors to benchmark participants.<br />2. Highlight the cost efficiencies gained through automation, illustrated with data.<br />3. Identify five key workflows that promise a swift return on investment when automated with AI.<br />4. Guide attendees in selecting an implementation path using a decision matrix.<br />5. Review essential regulations and ethical guidelines that AI workflows must comply with.<br />6. Develop a 90-day pilot roadmap for integrating AI.<br /><br />AI adoption is already reported by 41% of respondents, with a growing interest in further investments. The seminar presents a case study of an advisory firm that amplified its client service without hiring extra staff, by implementing AI automation.<br /><br />Key automation use cases include:<br />- AI meeting note-taking.<br />- Document parsing and management for summarization and data extraction.<br />- Meeting scheduling and preparation.<br />- Email triage and drafting.<br />- Intelligent data synchronization with CRM systems.<br /><br />Attendees received a decision matrix to evaluate AI implementation strategies, ranging from direct AI model access, purchasing off-the-shelf apps, to building custom internal tools using no/low code systems, with considerations of cost, expertise, and compliance.<br /><br />Compliance with SEC and FINRA regulations is emphasized, alongside maintaining client confidentiality and adhering to CFP board ethics. A proposed 90-day plan encourages daily use of AI tools like ChatGPT to identify beneficial applications, evaluate software for scaling, and make decisions on adopting or building customized solutions.

Keywords

AI financial automation

90-day AI strategy

Beemo Automation

cost efficiency

workflow automation

decision matrix

regulations compliance

AI use cases

client confidentiality

custom AI tools