Anthropic released Claude for Financial Advisors today: a bundle of connectors and skills for financial advisers. Three days ago, OpenAI unveiled ChatGPT for banks and Anthropic showed off T. Rowe Price the same day. Now comes the version aimed at advisers themselves.
Eleven new connectors
Newly wired up: Addepar, BlackRock, Charles Schwab, Envestnet, iCapital, Orion, SS&C Black Diamond, Wealthbox, Wealth.com, Vanguard and Zocks. On top of the existing links to Microsoft 365, Salesforce, DocuSign, Box, FactSet, S&P Global and Morningstar.
What each one actually delivers varies. Schwab hands over custodial data from Advisor Services: balances, positions, transactions, cost basis, alerts, money-movement status. Wealth.com brings trust and will summaries plus insights from tax returns. Zocks passes on what its AI meeting assistant captures from conversations: profiles, goals, life events, commitments.
Skills built around the day
Then there are skills aimed at single moments in an adviser’s job – onboarding a new adviser, briefing on alternative investments, compliance and AI policy review, estate and tax briefing, rebalance review, meeting prep and follow-up, prospect intake. Firms can take them from Anthropic’s repository or adapt them to their own workflows.
The plugin bundles skills and connectors into one install, and you pick what to connect during setup. BlackRock is adding its own plugin for Advisor Center, joining the ones S&P Global and LSEG already have. It’s available on Enterprise plans, with audit logs for recordkeeping.
The number this is really about
Anthropic leans on Kitces research: a typical advisory practice spends only a sixth of its time in client meetings. The rest goes to preparation, planning and documentation – piecing information together across systems.
Peter Nolan, who runs asset and wealth management at Anthropic, was careful not to look like a rival to the tools advisers work in. An adviser has around seven tools, he told WealthManagement, and Claude replaces none of them – think of it as “a symphony conductor” helping them talk to each other. On price, he put the ballpark at $70 to $120 per user per month.
The connectors are the moat
Anyone can write a skill. A Schwab feed carrying cost basis and money-movement status, not so much. That’s the difference between this announcement and the dozens of AI tools that have been selling advisers meeting summaries for two years.
Which is why the 18 quotes in the press release are more than decoration. Where data access runs through contracts and compliance, the partner list is the product. Whoever shows up second has to run the same eleven negotiations again.
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