By Anthony Schorling

Introduction

One of Wealthbox's most beneficial, yet underused, tools is their reporting feature. Wealthbox Reports allow advisors to gather key analytics about their clients by grouping them into segmented lists. This could be anything from gathering a list of clients whose birthdays are coming up, to building a report of clients who haven't had a meeting to review their financial plan within the past 12 months. Whatever the scenario, Reports are a great way to gain insight on underlying data.

With that said, creating a report that spits out the exact data that you're looking for can take a bit of thought and manual work. Wealthbox's reporting features are robust, which can be both a blessing and a curse for busy advisors. On one hand, you have access to features that offer great detail and segmentation, but on the other, it can take time to ensure that you've correctly leveraged your search parameters. That's where Wealthbox's new "AI for Reports" feature comes in handy!

Overview

AI for Reports is currently a beta feature accessible to Wealthbox Premier and Wealthbox Enterprise users. It's built directly into the framework of Wealthbox's overall Reporting feature for easy access. As soon as you click on the Reports tab from the left-side menu, you'll see a purple button at the top of your screen that reads Generate with AI.

Clicking this button will open up a text box in its place, allowing the user to enter a prompt to feed the AI. The AI will also suggest options for you in case you need some inspiration.

After a prompt is generated, users will see the report parameters populate below. You'll have the ability to edit these parameters before the report is run, just in case you notice something that isn't to your liking.

Finally, you can hit the green Save Template button at the bottom, which will run the report and save your report template for future use.

Conclusion

AI for Reports will be a major efficiency add for advisors, helping them gather key data about specific clients without taking a chunk of time out of their day to set each and every parameter. Client analytics are now easily accessible with just a basic idea and a couple clicks. Not to mention, advisors will save time by taking advantage of the ability to save AI-generated templates for future use, instead of creating a new report from scratch each time.

If you're interested in learning more about how AI for Reports works, be sure to sign up for Wealthbox's upcoming webinar this Friday, November 22nd! Not only will they discuss AI for Reports, but also a new Contact Form Builder, and two more new features that are yet to be announced!

Thanks for taking some time to read this edition of the Sphynx Automation blog series! If you're looking to automate within Wealthbox or connect Wealthbox to other systems, schedule an intro call with us! We're happy to help find out how we can bring your vision to life.

Stay tuned to our website for more blog posts before the end of the year, and subscribe to get them sent directly to your inbox!