Financial technology bytes: DeepVest pushes into monetary planning with PlanLab
Docupace additionally rebuilt its wealth operations platform round a single consumer report, whereas Focus Financial picks Nevis to deliver AI to its advisors.
DeepVest has expanded its agentic platform into monetary planning, launching a module that reveals advisors how a choice in a single a part of a consumer’s funds impacts the remainder.
The new PlanLab module is included with the DeepVest platform at no additional value, in response to a Thursday announcement unveiling the replace.
The Sarasota, Fla.-based agency, which calls itself an agentic entrance workplace for advisors, constructed PlanLab to consolidate a family’s funds into one interactive plan spanning 11 planning domains, together with retirement, taxes, property, insurance coverage, behavioral elements and commerce possession. The plan maps 53 hyperlinks amongst these areas, so an advisor can hint how delaying retirement or promoting a commerce would have an effect on every thing else.
The agency isn’t leaving the core math to a language mannequin. PlanLab runs deterministic calculators, that means mounted formulation that return the identical consequence each time, for Social Security claiming, Roth conversions, withdrawal sequencing, required minimal distributions, property taxes and annual gifting. An AI assistant layered on prime fields questions, exams eventualities and drafts suggestions, however nothing goes ahead with out express advisor overview and approval.
“A monetary plan shouldn’t be a static report that begins on the street to expiration the second it’s emailed to a consumer,” mentioned Toby Wade, CEO of DeepVest.
Advisors can add an present plan as a PDF, together with tax returns, account statements or belief paperwork, and the software program flags related particulars and proposes updates for sign-off. Connections to CRM and custodial accounts fill in family info and holdings. A diagnostics engine checks for alternatives in areas corresponding to tax, money, concentrated inventory positions and baseline planning, and reruns these checks nightly as assembly notes, custodial knowledge or consumer paperwork change. Finally, a drift rating reveals how far a consumer has strayed from the final plan of report and which steps might deliver them again heading in the right direction.
Firms gained’t must abandon their present planning software program, because the module can settle for a plan from one other system as a place to begin. The launch is the most recent step after the firm rolled out a discounted pricing offer for newly launched RIAs.
Docupace rebuilds its wealth operations platform round consumer knowledge
Docupace, a back-office and compliance software program supplier primarily based in Holmdel, N.J., has revealed a next-generation replace to its wealth operations platform.
Hosted on AWS, Docupace Next 1.0 reorganizes info round reusable contact information. Data entered or synced as soon as can then serve custodians, accounts, paperwork and workflows, an strategy the corporate manufacturers as “Capture It Once, Use It Everywhere.”
For advisors and their operations workers, which means one contact report can hyperlink to a number of accounts. Beneficiaries, trusted contacts and licensed people are saved as soon as and reused throughout accounts. Documents from completely different work objects may be mixed right into a single e-signature packet, so purchasers subject fewer signing requests. Guided account opening is obtainable for Pershing, NFS and Axos, and the platform connects to custodians and CRMs, with a public GraphQL API for builders. Supervision and surveillance instruments stay a part of the package deal.
In 2025, Docupace mentioned its platform – which at the moment has 440,000 customers – noticed 2.8 million accounts opened, 17 million work objects processed, 21.8 million knowledge components captured with out rekeying and 198,000 hours saved on consumer knowledge gathering. Over that interval, it claimed its NIGO fee, which displays the share of paperwork rejected as “not in good order” due to errors or lacking info, was simply 1.7%.
Docupace, which has been backed by non-public fairness since Genstar Capital took a majority stake in the company in 2024, mentioned the brand new knowledge basis will assist brokers that may work alongside advisors and operations groups.
“Customers hold the workflows and operational capabilities they depend on, and achieve a extra related option to handle their knowledge and serve their purchasers,” mentioned Brian Filanowski, CEO of Docupace.
Focus Financial decide Nevis for its enterprise AI platform
Focus Financial Partners, the mega-RIA that claims over $500 billion in collective consumer belongings throughout greater than 6,300 workforce members, has introduced that Nevis will function the AI platform for Focus Partners Wealth and its different commerce models.
Focus is aiming to cut back administrative work and free advisor capability for planning and consumer relationships. Beyond that, the agency expects to learn from hands-on assist, with Nevis assigning devoted deployment groups to work with Focus’ technologists and advisors on the habits adjustments that new instruments require.
“Their expertise is purpose-built for the wealth administration trade and versatile sufficient to assist the range of our advisor community,” mentioned Adam Birenbaum, who stepped up as Focus’ CEO earlier this 12 months.
Nevis says belongings on its platform grew from $50 billion to $700 billion this 12 months. The firm has raised $40 million from Sequoia Capital, ICONIQ and Ribbit Capital, and counts IEQ Capital, United Capital and AlTi Global amongst its purchasers.
“Every wealth administration agency desires to get into AI proper now — the query is how,” mentioned Mark Swan, CEO and co-founder of Nevis.
