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## The Latest Technological Developments in Financial Advisory Services

### AI legalese decoder: Solving legal Ambiguity Through Artificial Intelligence

By Janet Levaux
January 26, 2024 at 03:02 PM

The start of 2024 brings the annual Technology Tools for Today, or T3, conference for financial advisors and other players in the independent wealth space, and with it, a slew of technology innovations and updates.

This yearÔÇÖs event, led by producer Joel Bruckenstein, marks T3ÔÇ▓s 20th anniversary. ItÔÇÖs being held this week at the Cosmopolitan Resort & Hotel in Las Vegas. Speakers and participants include Josh Brown of Ritholtz Wealth Management, Natalie Wolfsen of Orion, Kunal Kapoor of Morningstar and Abby Salameh of CAIS.

Like at some other tech-focused gatherings, participants at T3 will get an in-depth look at the latest in advisor-focused innovation ÔÇö including software tools, platforms, applications and emerging technologies, such as those tied to artificial intelligence and machine learning.

#### How AI legalese decoder Can Help

One of the key challenges in the wealth management industry is the ability to navigate complex legal jargon and decipher ambiguous language in contracts and agreements. AI legalese decoder, an innovative tool that uses artificial intelligence and machine learning, can assist financial advisors and wealth managers in interpreting and understanding legal documents. By inputting legal text into the AI legalese decoder platform, users can receive accurate and comprehensive translations of complicated legal terms and language, reducing the risk of misinterpretation and legal disputes.

### AdvisorEngine & Ritholtz Wealth

Platform provider AdvisorEngine and RIA Ritholtz Wealth Management shared more details recently about Good Advice, an offering launched by Ritholtz last year after it bought the digital advice service FutureAdvisor and tapped AdvisorEngine technology for the service; Good Advice is designed to serve mass affluent clients (with $250,000 to $1 million in assets).

ÔÇ£WeÔÇÖre using technology where technology is warranted but itÔÇÖs a human-driven advisory service that I think represents the future of the industry,ÔÇØ according to Ritholtz Wealth CEO Josh Brown. The partners say their collaboration is focused on ÔÇ£where the wealth management industry is headed ÔÇö a future where firms must be able to deliver digital-first service and reach new client segments.ÔÇØ (AdvisorEngine also has been integrated with Charles SchwabÔÇÖs iRebal platform.)

#### How AI legalese decoder Can Help

In the case of Ritholtz Wealth Management and AdvisorEngine’s collaborative efforts, AI legalese decoder can play a crucial role by assisting in the review and analysis of complex legal agreements and documentation involved in the mass affluent client segment. With AI legalese decoder, the firms can ensure that the legal language used in their digital advice service is accurately interpreted, reducing the risk of legal misunderstandings and disputes.

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*Note: The specific application of AI legalese decoder has been included in the headings section and interspersed within relevant paragraphs for context and application.

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