Benefits
Enhancing Client Services at Sunpointe with Powder
Sunpointe is a boutique RIA that provides tailored financial strategies to a select group of individuals. They specialize in comprehensive wealth planning solutions that enhance financial security and client prosperity.
At Sunpointe, AI is viewed as a transformative tool for operational efficiency, especially in helping advisors consolidate a client's financial picture and integrate data across platforms.
Powder's AI platform saves Sunpointe countless hours by extracting and enriching data from financial documents. Prior to Powder, teams manually copied and pasted data from PDFs and scans into Excel to build out analysis and upload data into downstream systems. By uplifting their process with AI, Sunpointe can now focus more time on servicing their clients.
Enhancing Client Services at Sunpointe with Powder
Sunpointe is a boutique RIA that provides tailored financial strategies to a select group of individuals. They specialize in comprehensive wealth planning solutions that enhance financial security and client prosperity.
At Sunpointe, AI is viewed as a transformative tool for operational efficiency, especially in helping advisors consolidate a client's financial picture and integrate data across platforms.
Powder's AI platform saves Sunpointe countless hours by extracting and enriching data from financial documents. Prior to Powder, teams manually copied and pasted data from PDFs and scans into Excel to build out analysis and upload data into downstream systems. By uplifting their process with AI, Sunpointe can now focus more time on servicing their clients.
Benefits
Case Study
Enhancing Client Services at Sunpointe with Powder
Sunpointe is a boutique RIA that provides tailored financial strategies to a select group of individuals. They specialize in comprehensive wealth planning solutions that enhance financial security and client prosperity.
At Sunpointe, AI is viewed as a transformative tool for operational efficiency, especially in helping advisors consolidate a client's financial picture and integrate data across platforms.
Powder's AI platform saves Sunpointe countless hours by extracting and enriching data from financial documents. Prior to Powder, teams manually copied and pasted data from PDFs and scans into Excel to build out analysis and upload data into downstream systems. By uplifting their process with AI, Sunpointe can now focus more time on servicing their clients.
Before Powder
Before Powder
Before Powder
Manual Data Entry and Labor-Intensive Processes
Manual Data Entry and Labor-Intensive Processes
Manual Data Entry and Labor-Intensive Processes
Time Consuming Data Gathering
Time Consuming Data Gathering
Multiple team members spent days manually reviewing financial statements, entering data into Excel and eMoney, and analyzing portfolios across multiple external systems.
Multiple team members spent days manually reviewing financial statements, entering data into Excel and eMoney, and analyzing portfolios across multiple external systems.
Missing Held Away Assets
Missing Held Away Assets
Sunpointe faced difficulties providing comprehensive advice to financial planning clients when they did not have up-to-date information on held-away assets.
Sunpointe faced difficulties providing comprehensive advice to financial planning clients when they did not have up-to-date information on held-away assets.
Manual Presentation Preparation
Manual Presentation Preparation
Creating prospect recommendations was a laborious process, requiring weeks to compile disparate data, reconcile investment details, and build custom presentations.
Creating prospect recommendations was a laborious process, requiring weeks to compile disparate data, reconcile investment details, and build custom presentations.
After Powder
After Powder
After Powder
Operational Efficiency and Holistic Client Service
Operational Efficiency and Holistic Client Service
Operational Efficiency and Holistic Client Service
Automated Data Processing
Automated Data Processing
Powder automatically surfaces and categorizes investment details regardless of a statement's format or quality, significantly reducing the time to understand a client's portfolio.
Powder automatically surfaces and categorizes investment details regardless of a statement's format or quality, significantly reducing the time to understand a client's portfolio.
Complete Financial Information
Complete Financial Information
Powder provides a comprehensive picture of an individual's balance sheet and populates missing data across platforms, eliminating the need to copy and paste holding information.
Powder provides a comprehensive picture of an individual's balance sheet and populates missing data across platforms, eliminating the need to copy and paste holding information.
Quick Portfolio Visualization
Quick Portfolio Visualization
Instant graphical representations of data allow for thorough evaluations of investment portfolios to identify concentration risks, asset allocations discrepancies, outsized fees, and illiquidity.
Instant graphical representations of data allow for thorough evaluations of investment portfolios to identify concentration risks, asset allocations discrepancies, outsized fees, and illiquidity.
Key Benefits
Key Benefits
Key Benefits
Significant Time Savings
Significant Time Savings
Data processing times have reduced from weeks to minutes. Advisors can now drop files directly into Powder to automatically extract investment details, tax lot information, asset classifications, and populate missing tickers.
Data processing times have reduced from weeks to minutes. Advisors can now drop files directly into Powder to automatically extract investment details, tax lot information, asset classifications, and populate missing tickers.
Streamlined Integrations
Streamlined Integrations
Parsed data seamlessly flows into downstream systems. Sunpointe can now send holding information to Addepar and eMoney, removing the need to manually type in investment details in multiple platforms.
Parsed data seamlessly flows into downstream systems. Sunpointe can now send holding information to Addepar and eMoney, removing the need to manually type in investment details in multiple platforms.
Enhanced Client Service
Enhanced Client Service
Less time transferring data from documents means more time servicing clients. Advisors can now concentrate on white-glove client relationships, business development, and strategic initiatives instead of data reconciliation.
Less time transferring data from documents means more time servicing clients. Advisors can now concentrate on white-glove client relationships, business development, and strategic initiatives instead of data reconciliation.
“Instead of inputting numbers into Excel to figure out weightings for a client’s portfolio, Powder creates that for us for multiple statements in minutes. This allows us to spend more time on clients' needs and less time being a calculator.”
“Instead of inputting numbers into Excel to figure out weightings for a client’s portfolio, Powder creates that for us for multiple statements in minutes. This allows us to spend more time on clients' needs and less time being a calculator.”
Ben Tuscai
Ben Tuscai
Vice President of Financial Planning and Private Wealth Advisor
Vice President of Financial Planning and Private Wealth Advisor
Ready to Future-Proof Your Wealth Management Firm?
Ready to Future-Proof Your Wealth Management Firm?
Ready to Future-Proof Your Wealth Management Firm?
