13-05-2025
Avenir releases ChatGPT for wealth management firms
Avenir, has unveiled a purpose-built AI chat assistant specifically designed for wealth management firms, delivering institutional-grade capabilities comparable to those used by global investment banks like JP Morgan, but customised for advisers, paraplanners, and administrative teams.
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Unlike generic AI platforms, Avenir's AI assistant seamlessly integrates with key industry systems, CRMs, and back-office platforms such as SharePoint, OneDrive and Intelliflo, to name a few. This creates a unified data ecosystem, giving AI access to both firm-specific data and industry insights.
Advisers can ask questions in natural language and receive instant, accurate responses backed by reliable sources. Whether asking "What's John Smith's latest SIPP valuation?" or generating more complex queries like "Prepare my annual review meeting with Jane Doe". The assistant locates the right information from any system and answers within seconds, eliminating system-switching and file hunting.
Beyond simple queries, users can deploy specialised AI agents to extract key data, generate documents, create post meeting summaries from recordings, or check if reports follow internal compliance.
"This is transformational for firms managing vast amounts of data," said Andrea MacDonald, Co-founder and CCO at Avenir. "We're consolidating complex systems into a single, intelligent chat interface - one place to ask questions, get answers, and take action."
The platform maintains strict permission controls, ensures GDPR compliance, and meets FCA audit requirements.
Jeremy Bensoussan, CEO and Co-founder at Avenir, added: "Wealth management firms are managing more disparate systems than ever, often more than major banks, but with a fraction of their IT budget. Our AI solution breaks down the barriers between these systems, turning complexity into operational advantage."
