Parrot AI by Advisor360°
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About
Parrot AI by Advisor360° serves as an always-on AI teammate specifically designed for the wealth management industry. The tool bridges the gap between client conversations and administrative follow-ups by capturing audio from various channels, including video conferencing platforms like Zoom, Google Meet, and Microsoft Teams, as well as in-person meetings and phone calls. By automating the transcription and summarization process, it allows financial advisors to remain fully engaged with their clients during consultations while ensuring that every actionable next step and critical detail is documented and stored securely. The platform distinguishes itself through its Automated Document Intelligence and Household Advantage features. Unlike generic transcription tools, Parrot AI is built to ingest and analyze industry-specific materials such as tax returns, estate documents, and financial statements. It automatically extracts key data points and applies generative AI to provide summaries of complex paperwork in seconds. Furthermore, it organizes all data—from both transcripts and uploaded files—at the household level, making it easier for advisors to manage multi-generational relationships and complex family financial structures from a single, unified workspace. Tailored for investment professionals, broker-dealers, and financial institutions, the tool emphasizes enterprise-grade security and compliance. It offers granular control over sharing and retention, specifically designed to help firms meet SEC and FINRA requirements. All recordings and documents are kept within secure copies accessible only to the firm, providing peace of mind for advisors handling sensitive client information. By moving from manual admin work to automated advice, advisors can save hours each week on CRM updates and meeting preparations. The platform also supports over a dozen recording formats for manual uploads, providing flexibility for advisors who conduct business across various legacy and modern communication channels.
Pros & Cons
Specifically trained on financial data to handle documents like tax returns and estate plans.
Organizes data at the household level to better manage multi-generational family accounts.
Built-in security features designed specifically for SEC and FINRA compliance requirements.
Supports over 12 different recording formats for flexible manual uploads.
Pricing details for the monthly and annual plans are not publicly listed without contacting sales.
Full benefits may depend on being part of the broader Advisor360 ecosystem.
Use Cases
Financial advisors can automate the creation of meeting summaries and CRM updates to save hours of administrative work each week.
Compliance officers at financial firms can utilize firm-only secure copies and permission controls to ensure all client interactions are documented according to industry standards.
Wealth management teams can use the document intelligence feature to quickly extract data from complex estate documents for faster client onboarding.
Platform
Features
• ai-generated summaries
• meeting transcription
• crm update automation
• free text search
• household-level organization
• automated document extraction
• multi-format audio upload
• sec/finra compliance controls
FAQs
Which video conferencing platforms are compatible with Parrot AI?
Parrot AI integrates directly with Zoom, Google Meet, Microsoft Teams, and Webex. For other platforms, you can record the audio and upload the file in any of the dozen different formats supported.
How does Automated Document Intelligence work?
The tool ingests financial documents like tax returns and estate documents to extract key data points automatically. It then analyzes and summarizes the content to provide advisors with clear, actionable insights in seconds.
Can I use Parrot AI for face-to-face meetings?
Yes, Parrot AI is designed to capture audio from in-person meetings and phone calls. This ensures that key insights from all client interactions are recorded and organized within the same system.
Is the platform compliant with SEC and FINRA regulations?
Parrot AI is built with enterprise-grade security and compliance controls specifically to meet SEC and FINRA requirements. It ensures that secure copies are only accessible to your firm and offers granular control over data sharing.
What is the 'Household Advantage' feature?
This feature organizes all insights, documents, and action items at the household level rather than just the individual level. It allows advisors to manage complex, multi-generational relationships with a connected view of all relevant data.
Pricing Plans
Monthly Subscription
Unknown Price• Zoom/Teams/Meet/Webex integration
• Automated document extraction
• SEC/FINRA compliance controls
• Household-level insights
• Free text search
Annual Subscription
Unknown Price• All Monthly features
• Annual billing discount
• Enterprise-grade security
• Workspace management
• Customizable access permissions
Free Trial
Free Plan• Meeting transcription
• Document intelligence
• Household level organization
• AI-generated summaries
• Actionable next steps
Job Opportunities
There are currently no job postings for this AI tool.
Ratings & Reviews
No ratings available yet. Be the first to rate this tool!
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