Revolutionizing Financial Advising with Elara: AI-Driven Solutions for Wealth Enhancement
Elara is an AI-powered assistant revolutionizing financial advising by streamlining operations, improving client engagement, and accelerating lead generation for wealth managers. With a focus on automation and personalization, Elara addresses challenges faced by financial advisors, leveraging data for predictive insights and tailored client solutions. The platform aims to boost market leadership in wealth management by tapping into untapped data sources and enhancing advisory efficiency through workflow automation. Wealth management is ripe for digital transformation, with a growing demand for AI-driven solutions to meet rising client expectations for personalized services.
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Presentation Transcript
ELARA EMPOWER WEALTH ENHANCING FINANCIAL ADVISORS: AI-DRIVEN WORKFLOW AUTOMATION, TAILORED CLIENT SOLUTIONS, AND STRATEGIC LEAD DISCOVERY
PROBLEM We address financial advisors' challenges: streamlining manual tasks, enhancing client personalization, and improving lead discovery. Hyper Consistent, Inefficient Personalization Pre-Qualified Manual at Scale Lead Generation Workflows Lead generation is experiencing a significant transformation. The traditional methods of cold calling and automated matching are outdated. Without high level of tailored advice investors are quick to move to lower-cost providers such as robo-advisors. Financial Advisors and their support stuff spend over 40% of their time executing routine, manual tasks
SOLUTION Introducing Elara: Revolutionizing financial advising with our AI assistant that simplifies operations, enhances client engagement, and accelerates lead generation. Elara AI Strategically links high-net-worth service providers to foster growth via a robust referral network. Ultimately bolsters wealth managers market leadership in a competitive environment Leverages untapped data for predictive insights and personalized solutions Enhances financial advisory efficiency through workflow automation
WHY NOW Wealth Management is primed for digital transformation, with increasing demand for AI- driven solutions According to recent McKinsey, Accenture and Deloitte reports: 8 out of 10 Advisors: Believe that AI-powered notifications in real-time would be one of its clearest and measurable benefits Prefer to use AI tools to automate time-consuming and manual tasks Believe AI s greatest benefit is translating the clients data into actionable insight for their best interest Experience Rising Client Expectations for Personalized Solutions
HOW IT WORKS 1. Onboard Onboard Elara into your Custodian Platform and CRM 4. Network 2. Automate Task Elara high-net-worth service provider users benefit from pre-qualified client referral network Start chatting with Elara to automate workflows 3. Personalize Elara studies your clients and generates personalized proposal by leveraging its deep industry knowledge
Market Size Our target market is large and growing fast There are more than 300.000 wealth managers in the US alone as of 2024, significantly more considering other developed markets such as Europe, Middle East and South-East Asia. 25% CAGR More than 1600 advisors become independent advisory firm annually. $57B+ (2030) $15B (2024) WealthTech industry is expected to grow at 25% CAGR in the next 10 years reaching expected revenue of $57B+ in 2030. Source: https://www.360marketupdates.com/global-wealthtech-industry-research-report-2023-competitive-landscape-market-22357184
COMPETITION/ COMPETITIVE ADVANTAGE Attribute/feature Cognicor ELARA ELARA User Experience Too complicated UX/UI User friendly Price Expensive Affordable / Tiered 5+ years of experience in Top Tier Wealth Management Firms Industry Exposure Low Lead Generation No Referral Network
REVENUE MODEL MONTHLY SUBSCRIPTIONS TIER 1 TIER 2 ENTERPRISE $199 $499 $799+ Integration with major Custodians and CRMs Single User Up to 100 clients book of business Tier 1 + Enterprise Model Unlimited Users Unlimited client book of business 2 additional users Up to 250 clients book of business
Go to Market We sell directly to U.S. Wealth Management companies with a focus on small and medium size Independent RIA firms Target customers Target contacts How we reach them Direct outreach Strategic partnerships Digital marketing Small and medium size independent RIA firms Breakaway financial advisors Enterprise Wealth Management Firms Financial Advisor Head of Technology VP of Growth
NEXT STEPS Road Map Launch Phase Expansion & Growth Increase market penetration, enhance product features, bolster customer support and training Product development, beta testing with select firms, key integrations with essential platforms. Q4 2024 2026 Q2-Q3 2024 2025 Product Enhancement & Strategic Alliances Market Entry Official launch the in the US market, onboarding the first cohort, focusing on gathering and implementing feedback for product refinement. Major updates to enhance automation and predictive analytics, expand the AI-driven referral program, explore international market.
TEAM Team Experience Azer Karimov Co-founder & CEO Abay Bektursun Gudrat Guliyev Co-founder & COO Co-founder & CTO 5+ Years of Experience in Wealth Management. 8+ Years of Experience in Computer Vision and AI. 3+ Years of Experience in Venture Capital and Consulting. Ex. VP - J.P.Morgan, BofA Merrill Ex. Apple, Eagle Eye Networks, Hewlett Packard Enterprise Ex. Starta Ventures, Ernst & Young
Thank You ELARA info@elara.technology
