#USA #Sunnyvale #AI Platform #Wealth Advisors #Mili Office

Mili Office: A New Paradigm in Wealth Management

In a significant move for the wealth management industry, Mili has unveiled Mili Office, an agentic AI platform that promises to redefine how wealth advisors operate. This cutting-edge platform is designed to integrate seamlessly with the systems that advisors currently use, enabling them to manage their entire workflows from a single interface.

The Evolution of Mili

Previously, Mili had garnered attention with its meeting agent feature, which simplifies the preparation and documentation of meetings without the intrusion of bots or recordings. The new Mili Office builds upon this foundation, offering a more comprehensive solution that enhances productivity and client engagement.

Chirag Gandhi, Co-Founder and CEO of Mili, stated, “The firms already using Mili have experienced the benefits AI can bring to their meetings. Now they desire similar enhancements across all operations. Those who adopt this technology will likely leave their competitors behind.”

Streamlined Workflow

One of the notable challenges faced by advisors is the necessity to juggle multiple systems daily. Mili Office directly addresses this by consolidating various processes into one cohesive conversation. The platform connects with existing CRMs like Salesforce, Wealthbox, and Redtail, as well as financial planning software and calendar applications. This integration allows advisors to easily track client interactions and plan accordingly.

For instance, an advisor can quickly access important client inquiries such as, “Should I be cautious about anything regarding Ted before I reach out?” or, “Which clients expressed interest in cryptocurrency recently?” Mili Office's capabilities extend to automated workflows that can remind advisors of overdue client reviews or automatically generate outreach drafts, which significantly streamlines the workload.

Compliance and Security

Ensuring compliance and security is paramount, particularly in the financial sector. Mili Office comes equipped with features that guarantee every piece of information is traceable back to its source, whether it's a meeting, CRM entry, or financial planning document. In a recent report by The Oasis Group, Mili achieved a remarkable 96% accuracy in note-taking, the highest among AI meeting solutions examined.

Moreover, Mili is proud to hold both SOC 2 Type II certification and ISO 27001 compliance, making it the only agentic AI platform for wealth advisors to achieve these standards. This commitment to security assures firms that their data is handled with the utmost care.

Adoption and Impact

Firms such as Avion Wealth, SFMG Wealth Advisors, and Presidio Capital Management have already begun leveraging Mili Office, seeing immediate improvements in operational efficiency. One team reportedly automated the form-filling process for over 100 new account documents, reducing a task that traditionally spanned weeks down to mere minutes.

Mike Bard, the Director of Financial Planning at The Sum, remarked, “Previously, we wondered where an advisor's capacity would hit a limit. However, our experience with Mili has shown that advisors can now manage 25% more clients effectively.”

Availability

Mili Office is now available to firms enrolled in the Mili Accelerate tier, enhancing the capabilities of various advice firms already utilizing Mili for meeting documentation and client workflow management. This new functionality extends its utility across the entire firm, transforming everyday operations in wealth management.

With Mili Office, the future of wealth advisory services looks brighter than ever. By harnessing AI technology, Mili empowers advisors to enhance their client service and operational performance, ensuring they are not just keeping pace but leading in a rapidly evolving industry.