Happy Thursday!

Welcome to your Advisor AI newsletter—your biweekly look at how AI is reshaping the advisory world. Each edition explores the latest innovations and practical strategies to help you scale, grow, and enhance client experiences. If you find it valuable, feel free to share it with a fellow advisor!

The AI Edge

Helping advisors scale from 1 person to many people.

AI Application:

NotebookLM

Overview:

NotebookLM is a personalized AI research assistant that transforms your own content into interactive conversations and insightful artifacts. By uploading your own information directly into NotebookLM, you can engage in meaningful dialogue tailored specifically to your provided materials. Every response and insight generated by NotebookLM is sourced exclusively from your uploaded content, ensuring relevance and accuracy. Additionally, NotebookLM empowers you to create custom podcasts from your information, offering a unique and engaging way to synthesize extensive content, reinforce learning, and share personalized insights effectively with clients or colleagues.

How to apply NotebookLM to the business today:

• Create podcast summaries of client meetings

• Generate an executive summary of a meeting to share with clients

• Create unique client notebooks to allow team members to interact with to answer questions on past meetings

• Gather summaries of past conversations quickly

Advanced:

• Share the chat functionality with families to allow them to interact with their conversations based on firm specific philosophy and investment insights

• Allow junior level advisors to use the chat functionality to be the first line of determining investment decisions based on market movements and client specific needs.

What could this application mean for the future of our business?

NotebookLM presents a transformative opportunity to democratize client insights throughout our firm. By leveraging a personalized AI agent capable of processing information at both the company-wide and individual client levels—including reports, meeting transcripts, and advisor notes—we enable more team members to actively participate in decision-making processes. This integration ensures that decisions seamlessly reflect the advisor’s strategic intent, the family's unique preferences, and the firm's overarching vision.

Moreover, NotebookLM signals the early stages of a significant shift in client communication. It offers the potential to revolutionize traditional client portals by infusing them with AI-driven personalization, enhancing both accessibility and relevance. Furthermore, the platform introduces innovative ways to interact with families through hyper-personalized podcast generation (audio) and conversational chat (text), moving beyond generic communication to deliver deeply tailored client experiences.

See NotebookLM in action:

In this week's video, we'll explore how NotebookLM can significantly enhance the way we conduct client meetings. We'll dive into the platform's interactive chat features, examine how it generates insightful notes, and demonstrate the powerful podcast creation capability.

This video is a bit longer than usual, as it comprehensively showcases the full range of NotebookLM’s capabilities. As you watch, keep in mind that the notebook we’re building is tailored specifically to an individual client. We fully control the uploaded content, and the AI agent provides responses sourced directly from our own materials. Furthermore, because this notebook is uniquely dedicated to a single client, we can continuously update and deepen the client's personalized knowledge base. This opens up tremendous opportunities for enhancing efficiency, deepening understanding, and improving our ability to serve clients effectively.

The best is ahead!

-Matt