WealthTech Today Ep. 290: Reimagining the Advisor Desktop: Inside Vestmark’s AI Assistant with Leo Schrantz
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May 16, 2025 Leo Schrantz, Chief AI and Innovation Officer at Vestmark, discusses groundbreaking advancements in wealth management technology. He shares how AI is being integrated into every layer of the platform, from automating tedious tasks to enhancing advisor efficiency through an AI-powered assistant. Leo emphasizes the balance between human oversight and AI technology, highlighting the importance of personalization and streamlined workflows. The conversation also touches on the evolving dynamics in software development and the benefits of collaboration between business analysts and developers.
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Centralizing AI Leadership Matters
- Vestmark created the Chief AI and Innovation Officer role to centralize AI efforts and ensure accountability.
- This role drives AI adoption across products, engineering, operations, and compliance with one clear voice in the company.
How Note-Taking AI Took Off
- Note-taking AI apps succeed by combining large language models with retrieval augmented generation (RAG).
- This mix enables personalized, compliant, and efficient workflows that advisors value greatly.
What Makes AI Agents Powerful
- Agents combine large language models, retrieval augmented generation, and API tool access.
- This allows agents to act on user requests inside platforms, performing tasks like proposal creation.