Tech Explained: Here’s a simplified explanation of the latest technology update around Tech Explained: Three Fintech Firms Launch AI Planning Tools in Simple Termsand what it means for users..
It has been a week heavy on financial-planning technology, with three announcements from four firms.
Apex Partners with Wavvest
Apex Fintech Solutions and Wavvest announced a strategic partnership to deliver AI-powered financial planning capabilities to Apex clients and advisors that custody with the firm, integrating Wavvest’s planning technology with Apex’s custodial data infrastructure.
The collaboration expands Apex’s AI Suite with tools that quickly generate financial plans using real-time custodial data, potentially eliminating the need to import client data or perform significant manual data entry for advisors.
Chicago-based Wavvest, founded in 2024, has built what it calls an AI-native operating system for independent wealth managers. Its two co-founders have both advisor industry and external experience; Brendan King previously worked with JPMorgan Private Bank and Bessemer Trust (and spent a few years as a professional soccer player), while Sinon Bennett also spent a few years with JPM’s Private Bank and served for years as a submarine officer in the U.S. Navy.
The partnership integrates Wavvest’s multi-use AI assistant with Apex AscendOS APIs to automate financial planning tasks, including tax analyses and portfolio transitions that typically require extensive manual work in legacy software.
The solution provides real-time data integration, advisor transparency and streamlined data connectivity workflows through Apex’s custodial platform infrastructure.
According to the firms, future capabilities will evolve the assistant from read-only to read-write functionality, enabling advisors to approve AI-generated recommendations that automatically execute through Apex’s APIs.
Wavvest raised an undisclosed amount of pre-seed funding led by venture capital firm Fenway Summer, and several executives from Meta, Google and Salesforce.
New AI-Powered Capabilities Coming to Conquest Planning
Conquest Planning announced it plans to launch four AI-powered capabilities in April designed to boost advisor productivity while maintaining compliance standards.
According to the firm, the company serves roughly 70% of Canadian advisors and will release SAM Guide, SAM Bytes, LLM Data Migration and Model Context Protocol server access across the U.S., U.K. and Canada.
The new features extend Conquest’s Strategic Advice Manager platform to streamline advisor workflows yet maintain the auditable calculation engine required by compliance teams.
SAM Guide introduces an agentic experience within the advisor application, allowing natural language questions about plan navigation and strategy context. The tool operates exclusively within financial plan boundaries without external access.
SAM Bytes creates micro journeys that collapse multi-step scenario modeling into single workflows. The first Byte, “Where to Save?” guides advisors through tax-deferred, tax-free and taxable account strategies.
LLM Data Migration enables advisors to import unstructured data from PDFs, Word documents and Excel files directly into client plans. The capability extends to reading permanent insurance illustrations.
The Model Context Protocol server provides headless access to Conquest’s planning engine, enabling external AI agents to interact with the platform through configurable APIs.
“Financial planning has traditionally been a time-intensive exercise to build, develop and present a plan—limiting scalability for advisors who want to build personalized plans for their clients,” wrote Ken Lotocki, Conquest chief product officer, in a statement. “AI-adjacent tools have the potential to reduce that from an average of 10 hours to minutes, and that will impact the cost of delivering advice. But speed without auditability isn’t progress.”
Conquest, which has been AI-powered since its founding in 2018 by Mark Evans (creator of Naviplan), raised $80 million in a Series B funding round in June of 2025 and, in July, announced a partnership with BMO. While it launched into the Canadian market in 2020, the planning application first rolled out to American advisors in mid-2022.
Conquest executives will discuss the innovations at both the upcoming T3 Technology Conference in New Orleans and FutureProof Citywide in Miami.
Smart Import Rolled Out by RightCapital
Financial planning platform RightCapital launched Smart Import, an AI-powered tool that reduces manual financial plan data entry time by 70%, according to the company. The feature automatically reads and processes documents uploaded to the platform, identifying relevant financial information and translating it into plan inputs.
Smart Import addresses a key challenge for financial planners by automating the time-consuming process of maintaining accurate client plan data. The tool processes unstructured documents, including meeting transcripts, investment statements and client emails, automatically identifying income, savings, expenses, goals, net worth details and investment account holdings for advisor review and approval.
“We identified that the most time-consuming component of financial planning in RightCapital is data entry,” said Shuang Chen, co-founder and chief executive officer of RightCapital.
The launch follows RightCapital’s recent Optical Character Recognition offerings that automate financial plan transitions from eMoney and MoneyGuide platforms and an integration with the AI-notetaker and meeting automation and communications platform Jump.
Smart Import will be available immediately to all RightCapital users at no additional cost.