Create a Record of Advice (RoA) in Strategy Assist

Our mission at Paradino is to provide financial advisers with the best AI assisted product in the market, and unlock efficiencies in their advice process in ways never thought possible.

Today we have released Paradino 3.2, with the ability to create a Record of Advice (RoA) in Strategy Assist - to all our users (in beta).

"This is actually a pretty significant milestone in our journey, and our first move into advice document generation. In literally minutes, you can go from a client meeting, to file note, to recommendations, to a complete RoA, ready to provide your client. All without going through a tedious software wizard or spending hours templating your RoA."

Alongside this release, we have added two new templates, a standard RoA and a RoA (No Change). Users have to ability to customise ours or upload their own template and styling reference doc.

Here is the workflow:

1. Run a client meeting in person, recorded with Paradino, or virtual, recorded with your preferred meeting platform.
2. Upload or finish your recording, select a client and template, and your file note will be generated in 1-4 minutes.
3. [Optional] Head to Strategy Assist, select Strategy Paper, and develop appropriate recommendations with our AI assistant, Athena, who will collect and extract information from reference material, calculate cashflow and tax, and suggest recommendations based on your client's situation and the agreed scope of advice.
4. Start a new strategy, select Record of Advice, and a template.
5. Athena will ask you to confirm use of Paradino generated documents, e.g. file note or strategy paper, or optionally upload new reference material, including an external file note, fact find, or a product comparison.
6. Athena will then extract recommendations from your reference material, allow you to refine it on screen until you are happy with the subject matter and wording. (For a no change RoA, you can skip this step and confirm that there are no new recommendations).
7. She will then populate your selected RoA template, meticulously filling out client and adviser details, inserting text into placeholders, selecting appropriate text, and retaining disclaimers.
8. And your done. Read over it and ask her to make small updates if needed.

We would love to hear your feedback. As we move from beta to general release, we want to make sure our advice documents are accurate and compliant. We are also excited about the potential this unlocks in the near future.

All new and existing users get 5 strategy documents for free then you will need our Pro subscription. Get started here and see how Paradino is revolutionising advice.