Multiply is committed to transforming the financial advice landscape through innovative AI solutions that enhance efficiency and deliver personalised advice. A key area where Multiply excels is in automating the annual review process for financial advisers.
The challenges of traditional annual reviews
Traditionally, annual reviews are a time-consuming process for financial advisers. Tasks such as pre-meeting preparation, data collection, compliance checks, and report generation can take hours, impacting efficiency and limiting the number of clients an adviser can effectively serve. This situation often leads to advisers spending more time on administrative tasks than on valuable client interactions.
Multiply's AI-powered solution for annual reviews
Multiply's AI-powered platform is designed to streamline every stage of the annual review process, enabling advisers to significantly reduce administrative burden and improve client service. Here’s how Multiply's AI is making a difference:
- Automating simple reviews: Multiply's AI can fully automate simple annual review cases, allowing clients to self-serve and freeing up advisers to focus on more complex cases that require their expertise.
- Reducing admin time for complex cases: Even for complex cases, Multiply's AI can significantly reduce admin time by up to 80%, allowing advisers to handle a larger client base and provide more personalised advice. This time saving can amount to 4–9 hours per client case, significantly boosting adviser efficiency.
- Improving client engagement: Multiply's AI-powered platform automates prompts and reminders for both clients and advisers, ensuring that nothing is missed and promoting smoother, more proactive annual reviews. This enhanced engagement leads to greater client satisfaction and stronger relationships.
- Meeting evolving client expectations: In a world where clients increasingly expect digital-first experiences, Multiply’s AI integration is crucial for providing a modern, efficient, and engaging service.
- Ensuring compliance: Multiply's platform is built with robust compliance and security features, ensuring adherence to regulatory requirements and giving advisers peace of mind.
The benefits of Multiply’s AI for financial advisers
By automating time-consuming processes, Multiply's AI empowers financial advisers to:
- Focus on client relationships: Advisers can dedicate more time to building relationships, providing strategic advice, and addressing complex client needs.
- Serve more clients: The increased efficiency allows advisers to potentially handle up to three times more clients without sacrificing service quality.
- Scale their businesses: Multiply’s technology empowers firms to expand their reach and serve new client segments, including those who were previously considered unprofitable.
- Stay ahead of the curve: Multiply helps advisers embrace cutting-edge technology and position themselves as innovators in the financial advice industry.
Recognition for Multiply's innovative use of AI
Multiply's commitment to AI innovation has been recognised through its nomination for the 2024 11:FS Best Use of AI award. The nomination highlights Multiply's success in leveraging AI to enhance adviser efficiency and deliver personalised, compliant financial advice.
Multiply's AI-powered solutions are setting a new standard in the industry, proving that AI can be both powerful and user-friendly.