By Emily Nicolle on Tuesday 6 March 2018
Can AI-powered technology make robo advice available for everyone?
After becoming the first organisation in the UK to launch a white-label robo adviser, Wealth Wizards is today announcing the launch of ‘Turo’, its new artificial intelligence capability which can help expand access to cutting edge robo advice for the entire advisory sector.
Wealth Wizards is now able to provide businesses with multiple services thrugh its white label robo-advice ‘Smart Platform’, which is powered by Turo. The AI capability can rapidly configure a robo advice offering to match the advice policy of a specific practice or advice brand by analysing data from historic or model compliant cases, allowing advisory firms to easily incorporate the tech into their existing product or service.
The new technology also rapidly checks that safe and compliant advice is being delivered, ensuring that 100 per cent of cases are checked for consistency and appropriateness while retaining product scalability.
“Our Smart Platform powered by Turo opens up expert financial advice to many more people by allowing advisers to support a greater volume of cases,” said Andrew Firth, Wealth Wizards CEO.
“In the UK we have a shortage of human advisers, and this technology will allow both small and larger organisations to expand their businesses, maintain their bespoke advice approach and brand values, and deliver efficient, consistent, compliant advice.
“By powering Wealth Wizards’ existing Smart Platform, Turo is the game-changing innovation that will transform the way expert advice is delivered, reducing the time per case by days or even weeks, and truly beginning the democratisation of advice.”