Alec Crawford, Founder & CEO of AI Risk, joined Julie Cooling, Founder and CEO of RIA Channel, to discuss building AI models to enhance the efficiency of a financial advisory firm without exposing client and advisor information to the broader AI community.
RIA GPT is a web-based software as a service (SaaS) platform that allows advisors to deploy AI agents that have been specifically trained for tasks such as financial analysis, portfolio construction, or answering emails. All interactions with the RIA GPT system are confidential and archived for compliance purposes. While the data input by advisors is not used for training a system used by others, the advisor’s data is used to train the system to better respond to the advisor’s queries. The system can be trained using client data to streamline advisor operations without risking the client data in the broader world of AI systems.
For example, the financial analysis module has been trained on SEC EDGAR data to be able to respond to queries regarding the financials of publicly traded companies. AI Risk continues to build its system, planning on future integrations with CRMs and custodians and the ability to build personalized financial plans. Training a large language model on advisor specific data enhances the accuracy of the model while building efficiencies into the advisors’ business.
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