RightCapital Iris AI: Enhancing Financial Planning for Advisors

RightCapital introduces Iris, a new AI planning agent designed to enhance financial planning. Iris helps financial advisors save time and improve the quality of client financial plans. Here's how it works: Iris is embedded directly within the RightCapital advisor experience. It can interpret client data, review profile information, and identify plan anomalies. What's interesting is that Iris also runs retirement plan simulations within the advisor workflow. The tool aims to help advisors understand and communicate planning results easily. Iris includes a "Double Check" feature to find missing information or inconsistencies in client data. Its "Cash Flow Reviews" capability identifies key planning points and potential cash flow concerns. The "Plan Builder" feature helps advisors set success goals and offers strategies to achieve them, such as adjusting retirement age or living expenses. RightCapital emphasizes that Iris was developed with compliance in mind, with outputs coming directly from RightCapital’s calculation engine. This matters because Iris is available at no extra cost to users with Premium and Platinum subscriptions, potentially making high-quality financial planning more efficient for many advisors.