Betterment Launches AI-Powered Document Reader for Advisor Client Onboarding
Betterment has introduced an AI-powered document reader as part of its Betterment Advisor Solutions platform, aimed at streamlining the client onboarding process. This feature allows registered investment advisors (RIAs) to upload a brokerage statement and let artificial intelligence automatically populate transfer requests, reducing setup time significantly—sometimes in under 30 seconds. The tool eliminates manual data entry by extracting relevant information from documents directly. Sarah Levy, CEO of Betterment, emphasized the company's long-standing commitment to using technology for wealth accessibility. This latest innovation aligns with broader AI integration across its platform and is part of a strategy that includes upcoming agentic workflows in advisor applications before year-end 2026. The document reader joins other AI features like an Account Recommender and Custom Portfolios Insights, enhancing efficiency while maintaining strong privacy and security standards. The new feature is now available to all Betterment Advisor Solutions users and reflects the company's ongoing efforts to support advisors with scalable tools that improve client experiences.
Topics: advisory tools AI client onboarding wealth management