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AI agent for financial advisors

Beneficiary Designation Review Agent

Make sure every account has a current beneficiary form that fits the client's plan

AdministrationFinance
See how it worksGet access
Beneficiary Designation Review Agent: what goes in, what the agent does and what you get

What it does

A client's IRA still names an ex-spouse and the will leaves everything to the children. This agent lists each client's accounts, collects the beneficiary forms and checks them against family changes, such as marriage, divorce, births or deaths, and the estate plan. It flags conflicts, missing contingent beneficiaries, minors named directly and accounts with no form on file. For each issue it drafts an update request with the form and the reason. It rechecks after each form is returned, to confirm the custodian has recorded the change. It keeps a list of open items by client and age. The advisor approves any client contact. Edge case: a trust named as beneficiary is checked for the trust's date and terms before the match is called good.

How it works

Follow the arrows from top to bottom. The orange dashed arrow is the loop: when a check fails, the agent goes back and tries again.

Start and resultWhat it doesA check on its own workWaits for your OKGoes back and retries
Yes, continueApprovedYes, continueNoNo 1 STARTS WHEN Annual review or family event noted 2 USES A TOOL List accounts and collect beneficiary forms 3 CHECKS THE RESULT Is a form on file for every account? If not: Request the form from the custodian. Back tostep 2. 4 DOES Compare forms with the family record and estate plan 5 DOES Flag conflicts, gaps and minors named directly 6 DOES Draft update requests with reasons 7 YOU APPROVE Advisor approves client contact 8 USES A TOOL Send forms and track their return 9 CHECKS THE RESULT Has the custodian recorded the new designation? If not: Follow up with the client and custodian andrecheck. Back to step 8. 10 RESULT Beneficiary review record
Read the steps as a list
  1. Annual review or family event noted
  2. List accounts and collect beneficiary forms
  3. Is a form on file for every account?If not: Request the form from the custodian. Back to step 2.
  4. Compare forms with the family record and estate plan
  5. Flag conflicts, gaps and minors named directly
  6. Draft update requests with reasons
  7. Advisor approves client contactThe agent waits here for your OK.
  8. Send forms and track their return
  9. Has the custodian recorded the new designation?If not: Follow up with the client and custodian and recheck. Back to step 8.
  10. Beneficiary review record

How it decides

It flags a form with a missing primary or contingent, a named person who has died or divorced, or a conflict with the estate plan.

  • Flag any account with no contingent beneficiary
  • Flag a named beneficiary who is deceased or an ex-spouse
  • Flag a minor named directly
  • Check trust terms before treating a trust as a match

Make it yours

Every agent is a starting point. You choose these settings for your own situation.

  • Review frequency (default annually)
  • Family events that trigger review (default marriage, divorce, birth, death)
  • Follow-up interval (default 14 days)
  • Custodians covered (default all in use)

What keeps you in control

It always asks you first

  • Advisor approves each client contact and form request

Hard limits

  • Never change a designation on its own
  • Never give legal advice
  • Keep client family data private

It stops when

  • Done: Every account has a confirmed current designation
  • Stop: Legal question arises, so hand to the advisor and an estate attorney

Set it up

We guide you through the set-up, step by step

Members get the full set-up guide for this agent. No technical skills needed: you copy, paste and upload.

10 minto set it up in your AI
5 AIsChatGPT, Claude, Copilot, Gemini, Grok
  • One set of instructions to paste into your AI, with the clicks for ChatGPT, Claude, Microsoft 365 Copilot, Gemini and Grok
  • The agent then walks you through connecting your own data, one source at a time
  • A downloadable copy with the flow chart, the rules and the full guide
Get access to this agent

An example run

What happensFor a client with 6 accounts the agent finds 1 IRA naming a former spouse, 1 account with no contingent and 1 form missing. It drafts 3 requests. After the advisor approves, the client returns 2 forms. The custodian shows 1 still unrecorded after 2 weeks, so the agent follows up. All 6 are confirmed 3 weeks later.

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