At a glance
- Bellamkonda spoke at Osaic's ConnectED conference in Atlanta this week.
- Advisors at Osaic can use Claude CoWork today, but they cannot enter private client data, which limits what the tool can do.
- Private Wealth Daily's Moves Wire shows 27 recorded moves involving Osaic in the past 12 months, including 14 arrivals and 12 departures.
Osaic will pilot Claude for Financial Advisors, Anthropic's AI suite for advisory workflows, Chief AI and Technology Officer Sayee Bellamkonda told WealthManagement.com on Nov. 13.
Bellamkonda spoke at Osaic's ConnectED conference in Atlanta this week. He said Osaic had been working with Anthropic to explore how the suite could help advisors. He described Anthropic's pitch this way: advisors have many CRMs and note-taking applications, and Anthropic says firms "need not build connectors to all of them" because it will build them and "be the front gate for your advisors." The pilot's start date and the number of participating advisors were not disclosed.
Advisors at Osaic can use Claude CoWork today, but they cannot enter private client data, which limits what the tool can do. Mike Palumbo, head of Osaic's Advisor AI Fintech team, said he hopes that within several months advisors will be able to use Claude for Financial Advisors and Microsoft Copilot with clients' personally identifiable information. Until then, the tools are confined to work that does not touch client records.
Private Wealth Daily's Moves Wire shows 27 recorded moves involving Osaic in the past 12 months, including 14 arrivals and 12 departures. The latest was Nov. 11, when Sandeep Patel and Robert Howerter left to found Select Wealth Partners, a 19-person team with $800 million in client assets, as Private Wealth Daily previously reported.
Anthropic unveiled the suite in September and says it connects to custodians, asset managers and wealth providers including Schwab, BlackRock and Envestnet, as well as AI tools such as Zocks and Microsoft 365. It builds on Claude CoWork, with advisor-specific tools for onboarding, alternative investments briefing, compliance and AI policy review, estate and tax briefing, portfolio rebalance review, and post-meeting notes and follow-up.
Schwab has started a pilot of its own MCP server with Anthropic only for now, RIABiz reported, and the pilot is not yet open to RIAs, as Private Wealth Daily previously reported.
Osaic's advisor moves ran nearly even over 12 months
Recorded advisor moves involving Osaic over the past 12 months
Reported by the RIA desk from WealthManagement.com, Private Wealth Daily's Moves Wire and RIABiz. Published . Corrections