Advisor360°, a technology provider for the wealth management industry, has launched a new generative artificial intelligence (AI)-powered meeting assistant, Parrot AI.
The platform is designed to automate documentation processes for financial advisers while adhering to regulatory standards.
Parrot AI is structured as a standalone tool to support adviser-specific tasks, including transcription, note-taking, and the generation of post-meeting communications. It also facilitates automatic updates to customer relationship management systems.
The product is intended to reduce time spent on manual documentation and enhance adviser productivity by redirecting focus toward client engagement and practice development.
Built with input from professionals in cybersecurity, compliance, and data privacy, the assistant includes enterprise-grade security features. These include real-time encryption, integrated client consent mechanisms, and the ability for advisers to review and approve AI-generated content.
According to Advisor360°, these features align with compliance obligations under financial regulatory bodies such as the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) in the US.
Advisor360° stated that the release of Parrot AI aligns with its strategy to offer secure, compliant AI tools tailored to financial advisers. The platform is designed to mitigate repetitive data entry tasks and address the “swivel chair effect” commonly experienced when switching between systems.
Advisor360° chief information security officer Alex Cunningham said: “Client conversations are full of sensitive data that a wealth management firm must protect.
“Advisor360° is laser-focused on utilising teams and technology that architect security and compliance from the ground up. With Parrot, security isn’t an afterthought – it’s core to the offering. It’s the only solution we’d trust with our own meetings.”
Parrot AI is now available as a web-based application. This launch marks the second product offering by Advisor360° in recent weeks.
In March, the company introduced Tandem, a multi-custodial customer relationship management platform tailored for independent registered investment advisers. Tandem incorporates AI features for automating workflows and includes tools for secure document management, financial planning, and client reporting.
