Question 1

What is AI for financial advisors?

Accepted Answer

AI for financial advisors refers to artificial intelligence tools that automate repetitive administrative workflows such as pension transfer processing, annual review preparation, and document extraction. MonAI provides on-premises AI that processes client data locally, ensuring GDPR compliance without sending sensitive information to the cloud.

Question 2

Is AI for financial advisors GDPR compliant?

Accepted Answer

With MonAI, yes. Our on-premises AI platform processes all client data locally within your firm's infrastructure. No data is sent to external cloud servers, ensuring full GDPR compliance and data sovereignty for UK financial advisory firms.

Question 3

How much time can AI save financial advisors?

Accepted Answer

MonAI clients typically save 35+ hours per week on administrative tasks. This includes automating pension transfer document processing, annual review preparation, and client correspondence — allowing advisors to focus on client-facing work.

Question 4

How does on-premises AI differ from cloud AI?

Accepted Answer

On-premises AI runs entirely within your firm's own infrastructure. Unlike cloud AI services (ChatGPT, Copilot), your client data never leaves your building. This is critical for UK financial advisory firms where FCA regulations and GDPR require strict data handling controls.

Question 5

What does MonAI cost?

Accepted Answer

MonAI starts from £259 per admin seat per month, which includes the on-premises hardware, AI software, implementation, and ongoing support. Most firms see ROI within the first month through reduced admin costs and avoided hiring.

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