RightCapital released Iris on June 23, an AI planning agent built into its financial planning software that reviews client data, identifies plan inconsistencies, and executes retirement simulations without manual intervention. The company describes it as the first AI agent capable of directly analyzing client information within financial planning software, according to Wealth Management.
Three Core Capabilities
Iris ships with three functions targeting common advisor pain points, as reported by Wealth Management:
Double Check scans client profiles for missing information or data inconsistencies that could affect plan accuracy. Rather than requiring advisors to manually audit each field, the agent flags gaps automatically.
Cash Flow Reviews surfaces critical planning considerations: anomalies in income or spending assumptions, risks embedded in current projections, and potential gaps that could create future financial problems.
Plan Builder lets advisors set a probability target and receive three customized retirement strategies based on adjustable variables like retirement age or living expenses. The agent generates these scenarios in real time rather than requiring advisors to manually iterate through assumptions.
Compliance by Architecture
All Iris outputs originate from RightCapital’s proprietary calculation engine, not from external language models, according to Wealth Management. This design choice ensures advisors receive insights exclusively from the platform’s verified financial models. Firms maintain control over team access at the organizational level.
The compliance-first approach matters in financial services, where regulatory requirements around advice suitability and fiduciary responsibility make unconstrained LLM outputs a liability.
Agents Reach Regulated Verticals
Iris follows RightCapital’s Smart Import feature, launched earlier in 2026, which reduced manual data entry time by at least 70% by automatically extracting information from uploaded documents, according to Wealth Management.
Competitor Conquest Planning, which has been AI-powered since its founding in 2018 by Mark Evans (creator of Naviplan), introduced its Strategic Advice Manager (SAM Guide) in March, per Wealth Management.
The pattern extends beyond financial planning. Agent deployments are moving from consumer chat and general enterprise productivity into domain-specific workflows with regulatory constraints: financial planning, legal operations, healthcare administration. Each vertical requires agents that work within existing compliance frameworks rather than around them.
Iris is immediately available to all financial planners and assistants on RightCapital’s Premium and Platinum subscription tiers at no additional charge.