Mili and Global Relay Collaborate to Ensure Compliance for AI-Generated Records

Mili and Global Relay Collaborate to Enhance Compliance

In a strategic partnership unveiled on July 30, 2026, Mili, an innovative AI platform tailored for wealth management, has teamed up with Global Relay, a leader in digital communications and compliance solutions, to improve the management of AI-generated advisor records. This collaboration seeks to ensure that records produced through AI tools meet the stringent supervisory obligations typical within the wealth management sector.

Meeting Records: A New Focus in Wealth Management

Historically, client meetings within wealth management have been poorly documented, often leading to gaps in compliance and recordkeeping. This partnership addresses those gaps by shifting AI-generated meeting records into the forefront of regulatory compliance frameworks. With the integration of the Global Relay Open Connector API, Mili's generated records will automatically be archived securely, ensuring a detailed audit trail for every meeting.

A recent survey by T3/Inside Information indicates that the adoption of AI meeting solutions has surged, with 43% of financial advisors utilizing this technology in its inaugural tracking year. This is bolstered by Global Relay’s report, which highlighted a staggering 3,000% increase in ChatGPT record captures year-over-year among 12,000 financial institutions.

Regulatory Landscape and AI Tools

Regulatory bodies like the Financial Industry Regulatory Authority (FINRA) have set technology-neutral rules that apply to generative AI as they would to other communication tools. The 2026 Annual Regulatory Oversight Report from FINRA lists AI summarization as the predominant use case within regulated communications—a trend pushing firms to enhance their focus on the auditability of AI outputs.

Books and records obligations under rules like the Securities and Exchange Commission (SEC) Rule 17a-4 and FINRA Rule 4511 now encompass notes generated by AI tools in the same manner as traditional emails. The SEC's ongoing scrutiny of off-channel communications has resulted in penalties surpassing $2 billion across over 100 firms, highlighting the necessity of adapting to new forms of communication.

Transformative Partnership for Compliance

Chirag Gandhi, Co-Founder and CEO of Mili, remarked on the significance of this partnership: "Advisors should not have to think about compliance in the midst of client meetings, and our collaboration with Global Relay guarantees that everything created by AI becomes a part of the firm's records automatically."

Similarly, Anthony Crespy, Senior Vice President of Business Development at Global Relay, emphasized the exponential growth in the volume of AI-generated meeting records. He stated, "As wealth management remains one of the most heavily supervised sectors, our partnership with Mili allows firms to fully capture AI-generated content within existing compliance archives from the outset of their AI interactions."

Availability and Impact

The new integration is set to be accessible for firms utilizing both Mili and Global Relay’s platforms. This move not only streamlines compliance processes but also enhances overall operational efficiency. As these firms maneuver the complexities of wealth management, integrating AI-driven tools with robust compliance measures will be pivotal in maintaining trust and accountability.

Conclusion

Mili and Global Relay's alliance represents a significant step forward in marrying advanced technology with rigorous compliance standards. As financial institutions increasingly incorporate AI into their workflows, ensuring that records are meticulously captured and maintained will be key to navigating the evolving regulatory environment effectively. Together, they are poised to redefine how compliance is approached in wealth management, setting a new standard for advisors and firms alike.

For more information about the partnership and its implications for wealth management, both Mili and Global Relay provide additional insights through their respective channels.