Davis Janowski
2 min read
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If it works as touted, the announced integration between the popular artificial intelligence-powered notetaking platform Jump and financial planning application RightCapital will be a glimpse of what is yet to come in terms of improvements in advisor efficiency.
The integration is now live and available without additional charge to those advisors who are customers of both companies.
While the integration has bidirectional features, the immediate payoff for advisors will be to synchronize meeting insights parsed out by Jump’s AI and then fed in to update the RightCapital platform without the need for manual input.
“We're constantly exploring new features and integrations that can remove time-consuming manual processes from advisor workloads,” wrote RightCapital founder and CEO Shuang Chen in an announcement.
Among the household data tracked in RightCapital that Jump can offer updates to (pending advisor approval) would include expenses, family records, goals and incomes.
There are also some new capabilities made possible by the integration. Once the integration has been turned on, advisors can take advantage of the generative features in Jump to query RightCapital about any data available in the financial planning software using natural language. The example used in the release is, “Who is the beneficiary of Jill’s 401(k)?”
In addition, advisors getting ready for a client meeting can automatically pull RightCapital client data into Jump’s Pre-Meeting Prep feature, and following a meeting, Jump, in turn, maps data from the latter into templates for RightCapital to be updated.
Michael Brady, the president of Generosity Wealth Management and affiliated with Cambridge Investment Research, participated in the integration pilot. He was provided by Jump to discuss the partnership.
“JumpAI saves me time already, and with the new RightCapital integration, I'm able to save even more time by pushing information gleaned from my meeting right into a retirement update,” he wrote via email. “Information captured in a phone call or meeting is immediately put to work without additional manual entry.”
Jump has been in the news frequently this year. In May, it announced its partnership with Cetera, through which all 12,000 of the firm’s advisors would have access to the application. In February, It announced a $20 million Series A funding round.
