At a glance
- The firm said the launch extends a platform that already includes proposal generation, market data, portfolio analysis and continuous monitoring.
- PlanLab pairs an AI planning assistant with calculators for Social Security claiming strategies, Roth conversions, withdrawal sequencing, required minimum distributions, estate taxes and annual gifting.
- Chief operating officer Dan Eyre told Wealth Solutions Report that "until today, we were in a private beta," and that testers responded to PlanLab's real-time, interconnected view of a client's retirement, taxes, investments, estate planning, insurance, risk, goals, household details and business ownership plans.
DeepVest launched PlanLab on Thursday, taking its AI-assisted financial planning tool out of private beta. The firm said the launch extends a platform that already includes proposal generation, market data, portfolio analysis and continuous monitoring.
PlanLab pairs an AI planning assistant with calculators for Social Security claiming strategies, Roth conversions, withdrawal sequencing, required minimum distributions, estate taxes and annual gifting. DeepVest said the calculators use deterministic rules rather than AI-generated estimates, and every AI-generated recommendation requires advisor review and approval.
Chief operating officer Dan Eyre told Wealth Solutions Report that "until today, we were in a private beta," and that testers responded to PlanLab's real-time, interconnected view of a client's retirement, taxes, investments, estate planning, insurance, risk, goals, household details and business ownership plans.
Eyre characterized incumbent planning systems as tools that do not speak to an advisor's other software and produce static documents, making planning "a somewhat performative exercise" for all but the most planning-focused firms.
Advisors can import an existing plan and client documents as a starting point rather than replacing the planning system they already run, the firm said. PlanLab then re-evaluates the plan as new client information arrives, with nightly diagnostics and a plan drift score that measures departures from the last recorded plan.
Reported by the Practice management desk from Wealth Solutions Report. Published . Corrections