What is PowderFi?
Powder is an AI‑driven document processing platform designed for wealth management firms, financial advisors, and family offices. It extracts data from a wide range of financial documents—including brokerage statements, 401(k) and IRA reports, balance sheets, estate plans, tax returns, insurance policies, and investment proposals—into structured formats such as spreadsheets and asset decks.
Users can upload files via the web interface or API to automatically populate portfolio reviews, calculate weightings, and generate proposals in minutes, cutting manual data entry time by up to 95%. Powder’s compliance features support SEC and FINRA regulations, and the platform is SOC 2 Type 1 and Type 2 certified, with encryption for data in transit and at rest.
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PowderFi's key features
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API for automated document processing
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Fast PDF and image extraction
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Multilingual financial document parsing
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Built-in SEC/FINRA compliance enforcement
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End-to-end encryption in transit
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SOC2 Type 1 and 2 certification
PowderFi use cases
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Generate a secure, compliance‑ready investment proposal by automatically extracting data from a client’s brokerage statements, 401(k), and tax returns, then compiling weightings and performance metrics into a polished deck ready for presentation
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Accelerate quarterly portfolio review meetings by ingesting multiple financial documents into Powder, instantly generating updated spreadsheets and visual summaries of asset allocation, risk profile, and compliance flags
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Streamline SEC‑compliance reporting by extracting required fields from diverse financial statements, populating regulatory templates, and ensuring end‑to‑end data encryption for maximum security
Who is it for?
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Data scientists
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Business strategists
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Financial analysts
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Operational managers
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Compliance officers