PHILADELPHIA, PA — RISR recently launched an artificial intelligence-powered document analysis platform aimed at helping financial advisors identify legal and financial risks for business owners as trillions of dollars in privately held companies prepare to change hands over the next decade.
The company said the new module analyzes documents including buy-sell agreements, insurance policies and operating agreements to identify gaps tied to succession planning, ownership transfer and business continuity risks.
RISR cited internal analysis of thousands of business-owner financial planning cases showing that 57% of owners lacked protections related to death, disability or disputes affecting business ownership.
According to the company, the platform generates summaries of uploaded documents, flags inconsistencies across legal and financial records and recommends additional documents advisors should request during planning reviews.
Jason Early indicated the tool is intended to help advisors provide deeper planning services for privately held business owners without relying on lengthy outsourced document reviews.
The platform also includes cross-document analysis designed to identify conflicts between estate planning and ownership transfer documents, such as inconsistencies between wills and buy-sell agreements.
Alex Michaels stated the company is positioning the system as a way for advisors to access advanced planning capabilities through AI-assisted workflows.
Integrated Partners Executive Vice President Peter Kaplan indicated the platform could reduce the time required for document analysis from hours to minutes for advisors serving high-net-worth business owners.
The launch follows a recent expansion of RISR’s succession and exit planning tools. The company said it also plans to introduce an AI-powered tax planning module later this year focused on business tax return analysis and scenario modeling.
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