Advisor360°, a Weston, MA-based provider of integrated technology for enterprise wealth management firms, has acquired Parrot AI, a Boston, MA-based generative AI technology firm.
The amount of the deal was not disclosed.
With the acquisition, Advisor360° will integrate Parrot AI’s note-taking capability onto its configurable platform, eliminating post-meeting task creation and coordination.
Led by CEO Paul Morville, Parrot AI is a collaborative workspace company for businesses. It stores experiences such as meetings, interviews, research, presentations and/or any recordings so that, later, customers can find this knowledge and share it securely with others.
Led by CEO Mike Fanning, Advisor360° builds, integrates, and delivers technology for wealth management firms. Its integrated and open architecture SaaS platform, empowered by AI-driven insights, brings a connected digital wealth experience to financial advisors, their clients, and the home office so that firms can drive better outcomes and innovate quickly. Its clients benefit from timesaving capabilities and streamlined workflows when it comes to portfolio management and performance reporting, digital onboarding, contact management, financial planning, insurance, proposal generation, trading and model management, document management, analytics, client portal, and compliance.
The company’s proprietary Unified Data Fabric® (UDF) is the foundation of its platform, combining shared services and pre-built integrations that work with existing technology stacks.
It has offices in Bengaluru, India; and remote workforces in Canada and Northern Ireland.
FinSMEs
15/01/2025