This collaboration combines the security content platform of Egnyte with the AI proxy of Mili, enabling consulting firms to provide more comprehensive and personalized advice on a larger scale.

Sunnyvale, California, October 21 (Reuters) / PRNewswire / -- AI, a platform for wealth management companies, and Egnyte, a leader in secure content collaboration, intelligence, and governance, today announced a partnership to integrate Mili's AI proxy into customer documents within Egnyte. Advisors will be able to work within their respective Egnyte authorized scopes, on individual files or entire customer folders, and in conjunction with the company's CRM, portfolio, and planning system data.

Kitces Research has found that reviewing client documents is the most common way consultants use AI. Productivity studies estimate that it takes 15 to 40 hours of team time to develop a new financial plan.

Consultants can use agents with the identifier Mili to simulate the tax costs associated with migrating client accounts into the company's strategy, to weigh the trade-offs between rebalancing and unrealized gains, to summarize bonus agreements, and to generate financial overviews based on statements. These agents will link to the source of information and indicate areas where further analysis may be needed.

Onyx Bridge Wealth Group, the managing director, stated that the company manages assets worth over $1.6 billion. He said, " Egnyte and Mili are both very valuable components of our technology stack. Combining them has changed the way we operate our business. With the help of Egnyte data, the meeting preparation and planning agents of Mili have become significantly more powerful."

Mili, co-founder and CEO, Chirag Gandhi, stated: "There has always been a limit to how many clients a consulting firm can serve. This limit is determined by the amount of work required to understand each client's financial situation. Agent-based AI is changing this by accelerating the delivery of high-quality advice, helping consulting firms to enhance their service capabilities."

Egnyte Global Financial Services Director Kyle Blair stated: " Egnyte helps financial services companies accelerate their critical business operations by transforming document-intensive tasks into faster, more interconnected, and revenue-generating workflows. Our collaboration enables the AI agents of Mili to securely access and process customer data within Egnyte, thereby achieving better business results."

This integration has been made available to common customers. Based on the collaboration experience between Mili and hundreds of consulting firms, this partnership aims to integrate the company's comprehensive customer knowledge into their recommendations.

About Egnyte

Egnyte is a leader in the fields of secure content collaboration, intelligence, and governance, trusted by over 23,000 customers. It helps to enhance employee productivity, improve operational efficiency, and protect critical mission-critical content. The AI platform provided by Egnyte enables organizations to create, share, and protect information on a large scale, offering specialized solutions for industries such as construction, engineering, and construction ( AEC ), financial services, life sciences, and others. For more information, please visit www.egnyte.com.

About Mili

Mili is a AI platform aimed at wealth management companies. It specializes in automating advisor workflows, covering meetings, customer acquisition, onboarding, planning, data management, intelligent documentation, and compliance. Mili has passed the SOC 2 certification and meets the ISO 27001 standards, serving RIA and brokerage traders with over $250 billion in managed client assets. For more information, please visit getmili.ai.

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