FP Alpha Adds Automation Features to Estate Lab Platform

FP Alpha, the wealth management technology firm, has made a series of enhancements to its Estate Lab offering, a central component of its estate planning module for financial advisors.

The updates deliver new estate planning capabilities for financial advisors, according to the firm, including features to help them better project and quantify long-term asset growth during the legacy planning process.

“In light of the upcoming changes to the Tax Cuts and Jobs Act, these enhancements are timelier and more impactful than ever,” Andrew Altfest, CEO of FP Alpha, said in a statement. “The ability to project and quantify asset growth provides both advisors and clients with valuable insights for future estate planning decisions.”

The new projection capabilities allow users to input custom growth rates per asset and project balances over time, according to the announcement. This should allow advisors to provide clients with a clearer picture of how asset growth could affect estate tax liabilities — and the amount of wealth passed to heirs.