Sunnyvale firms Mili and Egnyte partner on AI-driven financial advice platform

Mili, an AI platform for wealth management firms, and Egnyte, a leader in secure content collaboration and governance, announced a partnership based in Sunnyvale, California, according to PR Newswire and AOL reports.

The collaboration integrates Mili's AI agents with Egnyte's secure content platform, allowing financial advisors to work directly with client documents stored in Egnyte alongside data from CRM, portfolio, and planning systems, all within the advisors' permission settings.

Research from Kitces indicates that reviewing client documents is the primary way advisors utilize AI, and that creating a new financial plan typically requires 15 to 40 hours of team effort.

Advisors using this combined platform can model tax implications of account moves, evaluate portfolio rebalances considering unrealized gains, summarize bonus agreements, and generate financial snapshots more efficiently.

This partnership aims to help wealth management firms deliver more comprehensive and personalized financial advice at scale by leveraging AI and secure document collaboration.