Introducing Smart Import(TM), RightCapital’s Revolutionary AI-Powered Tool to Reduce the Time to Manually Input Plan Data by 70%

“At RightCapital, we are constantly exploring new solutions to help advisors deliver high quality financial plans with efficiency,” said Shuang Chen, co-founder and CEO of RightCapital. “We identified that the most time-consuming component to financial planning in RightCapital is data entry. With Smart Import, we can automate much of this data entry, creating significant efficiencies for advisors.”

Smart Import is designed to read and reformat unstructured data into structured data that can be added into a client’s financial plan. Advisors can simply upload documents – such as meeting transcripts, investment statements, and client emails – directly into RightCapital. Once uploaded, the system will automatically identify key income, savings, expenses, goals, net worth details, and investment account holdings information which the advisor can review and approve before uploading into a new or existing financial plan.

“Updating and maintaining accurate financial plans requires a lot of time,” said Nicole Schmitt, CFP®, CRPC®, Wealth Management Adviser at LightSquare Wealth Management. “I’m excited to leverage Smart Import to streamline much of this client data management work. The flexibility to upload a range of different file types including meeting transcripts will be a huge lift for our team.”

Smart Import is the latest RightCapital update to enhance financial plan data entry and maintenance. This announcement comes just months after RightCapital launched Optical Character Recognition (OCR) offerings to automate financial plan transitions from both eMoney and MoneyGuide.

Effective immediately, Smart Import is available to all RightCapital users at no additional cost. To learn more, visit www.rightcapital.com/book-demo/.

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