Covet Unveils AI Estate Management Platform at Finovate

Covet has unveiled its AI-powered estate management platform at Finovate, providing Registered Investment Advisors (RIAs) with a holistic view of their clients' estate assets. Announced in a press release, the platform aims to address the challenge of asset transfer by heirs, which often results in a loss of Assets Under Management (AUM) for advisors.

The platform is designed to uncover hidden assets, such as held-away IRAs and dormant accounts, thereby expanding the managed portfolio for RIAs. It also facilitates multigenerational engagement by offering shared visibility into the entire estate, fostering trust and strengthening relationships across generations.

Covet's platform goes beyond traditional planning tools by actively managing estate assets, visualizing consolidated estate value, and generating estate documents. This approach positions advisors as vital resources for families, ensuring continuity and loyalty before wealth transitions occur.