Streamlining Due Diligence for Wealth Advisors: Due diligence is a critical task for RIAs when evaluating new alternative investment opportunities. Traditionally, this process is time-consuming, with each new fund requiring approximately six hours to compile all information needed for an initial research review and due diligence summary report. This time commitment can quickly accumulate, often leading to missed opportunities due to the lack of available resources to research them all.
Helix revolutionizes this process by drastically reducing the time required to complete due diligence. Through the automation of data gathering and generative AI, advisors can source potential investment solutions, obtain the manager and product data they need to make a decision, and generate a comprehensive report in just 30 minutes—cutting the time spent from six hours to half an hour. For a workload of 25 reports per month, this equates to only 12.5 hours of work instead of 150 hours, freeing up valuable time for higher-value client interactions and strategic planning.
Significant Financial Advantages: The financial benefits of adopting Helix are substantial. Beyond the significant time savings, Helix eliminates the need for additional expensive alternative investment databases or research tools. As a more affordable and comprehensive solution, Helix makes sophisticated due diligence accessible to everyone, especially meaningful for smaller advisor groups that may not have previously had the resources readily available to conduct the necessary due diligence.
Augmenting, Not Replacing, the Due Diligence Analyst’s Role: Helix is designed to complement, not replace, the expertise of due diligence officers and wealth advisors. By automating routine tasks, Helix allows diligence teams to focus on the more qualitative aspects of due diligence, such as evaluating the strategic fit of investments within a client’s broader portfolio. This enables firms to conduct more thorough reviews, approve a greater number of suitable products, and enhance their service offerings without needing to increase headcount.
Empowering Smaller Advisory Firms: For smaller RIAs and wealth advisory firms that may lack a dedicated due diligence team, Helix provides a powerful tool that functions as a virtual due diligence officer. This capability enables these firms to confidently evaluate and offer alternative investments that they might otherwise have to pass on due to limited resources. Helix democratizes access to robust due diligence, allowing smaller firms to compete more effectively with larger organizations.
Helix enhances the due diligence process for RIAs and wealth advisory firms by improving efficiency, reducing costs, and expanding the capacity to evaluate a broader range of investment products. By integrating Helix, advisory firms can scale their operations, focus on delivering high-value services to clients, and participate in more alternative investment opportunities—all while empowering their teams to achieve even greater success and efficiency.