Financial planning software maker RightCapital has launched Iris, an AI agent it calls the first tool of its kind able to read a client’s financial data directly inside planning software and flag what is missing or inconsistent. The launch is another sign of how fast AI financial advisor tools are moving from chat-style assistants toward agents that actively work with a person’s real numbers.
What Iris does
Iris runs two core functions inside a client’s profile: “Double Check,” which scans for missing information and data inconsistencies, and “Cash Flow Reviews,” which surfaces planning gaps, assumption risks and other points worth a second look. A “Plan Builder” function can also generate several customized strategies by adjusting variables such as retirement age or living expenses. According to WealthManagement.com, every output Iris produces comes from RightCapital’s own calculation engine rather than an outside data source, which the company frames as a compliance safeguard.
Why it matters for AI-assisted advice
The launch, announced June 23, 2026, made Iris immediately available to all planners on RightCapital’s Premium and Platinum subscription tiers at no extra cost — a notable move given how much AI tooling in wealth management still ships as a paid add-on. It also builds on RightCapital’s earlier Smart Import feature, which the company says already cut manual data entry by at least 70% through automatic document extraction.
For everyday investors, tools like Iris matter less for the software itself than for what they signal: financial plans are increasingly checked and stress-tested by AI before a human advisor ever sits down with a client, catching gaps that used to slip through spreadsheets and static reports.