RightCapital Iris: AI Agent Revolutionizes Financial Planning

RightCapital has launched an AI planning agent called Iris, embedded directly within its platform. The company claims this tool is the first of its kind built specifically for financial planning. Iris goes beyond previous AI features by interpreting client data, flagging planning issues, and running retirement simulations within the advisor's workflow. It has three core functions: "Double Check" for data inconsistencies, "Cash Flow Reviews" for assumption risks, and "Plan Builder" to generate strategies based on client preferences. All Iris outputs come from RightCapital's own calculation engine, not outside sources. This design aims to help advisors with compliance. The tool is available at no extra cost to advisors on Premium and Platinum subscription tiers. RightCapital holds a 21% market share in planning software and has strong user satisfaction. The bottom line is that this new AI tool aims to streamline financial planning while addressing important compliance concerns for advisors.