Yodal has developed a new artificial intelligence capability aimed at helping advisers deliver estate planning services more efficiently.
The specialist platform provider says the technology is designed to streamline key parts of the process, including information gathering, identifying potential issues, and assisting with the preparation of supporting documentation.
The firm’s National Sales Manager Steve Judd said the development is in response to growing demand within the advice profession for practical tools that make estate planning easier to deliver at scale.
“Estate planning is one of the most critical services advisers can help their clients address, yet historically it has been seen as complex, time-consuming and difficult to scale within advice practices,” said Judd.
“Our AI capability is designed to remove many of those barriers by supporting advisers with the information gathering, structure and workflow required to facilitate high-quality estate planning outcomes for clients.”
Judd said estate planning remains one of the more under-utilised services in financial advice.
He said Yodal’s AI capability aims to create a more structured pathway for advisers to facilitate estate planning conversations, identify key issues earlier in the process and support the completion of legal documentation.
…The introduction of AI complements that support by improving efficiency…
The development builds on the company’s Concierge Service, introduced last year to provide hands-on assistance to practices facilitating estate planning for clients. Judd said the service was designed to support advisers who recognise the importance of estate planning but may face resource constraints or lack the internal capacity to manage the process end-to-end.
“Our Concierge Service was introduced to give advisers the confidence and operational support to engage clients in estate planning,” said Judd.
“The introduction of AI complements that support by improving efficiency within the process itself, helping advisers gather information, structure the engagement and progress matters more efficiently for their clients.”
Judd said that when estate planning considerations are documented and actively addressed, it provides greater clarity for clients while also reducing risk for advisers and licensees.
