Knapsack vs Mili (2026)
The decision between Knapsack and Mili turns on whether your firm wants AI that can run on the adviser's own machine across email and compliance work, or a meeting agent wired into advice firm systems and the custodian. Knapsack runs in the browser or entirely on a local computer as Desktop and drafts email replies, briefs and follow ups. It also sells twelve supervised digital workers, such as an RIA compliance analyst and a books and records analyst, at $500 a month each. Mili captures meetings without a recording by default and carries the output into CRMs, eMoney, onboarding forms and TradePMR. Both hold every send and change for approval. Knapsack publishes its prices, from $50 a month, and Mili publishes none. Mili names every model and speech provider and holds SOC 2 Type II and ISO/IEC 27001:2022. Knapsack states SOC 2 Type II and HIPAA without offering a report and gives Groq and AWS Bedrock only as examples of its inference providers.
- You want client data to stay on the adviser's machine. Knapsack Desktop runs the same agents locally, and nothing reaches the cloud unless the user chooses.
- Your compliance team needs help with its own work. Knapsack's digital workers build evidence packets for RIA compliance reviews, mark up marketing against disclosure rules and check books and records for completeness, each for a named reviewer to approve.
- You want the inbox handled as well as meetings. Inbox Autopilot drafts replies in the adviser's voice, Meeting Prep sends a brief 30 minutes before each call, and Daily Coach reviews the previous day.
- You want to start small. Starter costs $50 a month with all five agents, and each digital worker comes with a 14 day trial and a free first task.
- Your systems are Redtail, Wealthbox, eMoney and a custodian. Mili writes notes and tasks to advice firm CRMs, fills any eMoney form from a meeting, and can open accounts and create trades through TradePMR.
- Your vendor review wants named suppliers. Mili's subprocessor page names OpenAI, Anthropic and Google for language models and AssemblyAI and Deepgram for speech, all under zero retention terms, and client data sits in the AWS North Virginia region.
- Your security review asks for an ISO certificate as well as SOC 2. Mili holds ISO/IEC 27001:2022 for its platform and a SOC 2 Type II report shared under NDA, with annual penetration tests and audit logs kept for seven years.
- Your supervision runs through Global Relay. Mili archives notes there with configurable retention, audible and on screen consent notices and contact level consent history, and logs access and configuration changes for seven years.
This comparison is published by AI FinTech Index, an independent research platform that publishes independent ratings of AI vendors for financial services. Knapsack and Mili are each graded against the same capability taxonomy, from each vendor's own public materials and the regulatory record, under the AI FinTech Index verification standard. No vendor pays for placement, and no vendor has reviewed this page. How this evidence is graded
Plain facts
| Knapsack | Mili | |
|---|---|---|
| Primary category | Wealth & Advisory AI | Wealth & Advisory AI |
| Founded | 2023 | Not published |
| Headquarters | San Francisco, California, United States | Sunnyvale, California, United States |
| Website | knapsack.ai | getmili.ai |
Side by Side
Select any grade to read the note behind it.
| Axis | K Knapsack |
M Mili |
|---|---|---|
| AI Centrality | ||
| Autonomy and Oversight Model | ||
| Model Risk Management and Transparency | ||
| Operational and Outcome Evidence | ||
| AI Safety and Data Stewardship | ||
| GLBA and Data Privacy Posture | ||
| Security Certifications and Trust Center | ||
| Regulatory Status and Licensure | ||
| AI Governance and Bias Disclosure | ||
| AI Liability and Recourse | ||
| Model Supply Chain Disclosure | ||
| Core Systems and Integration Depth | ||
| Deployment Model and Data Residency | ||
| Commercial Transparency | ||
| Institution and Segment Coverage |
The short version of each
Knapsack
Knapsack is a private AI workspace for financial advisers and other regulated professionals. Its agents draft email replies, brief advisers before meetings, take notes without recording video and write follow ups, and nothing sends or changes without the user's approval. It runs in the browser as Studio or entirely on the adviser's computer as Desktop. According to the AI FinTech Index, Knapsack also sells twelve supervised digital workers at $500 a month each, among them an RIA compliance analyst, an advertising compliance reviewer and a books and records analyst. Its Starter plan costs $50 a month. Knapsack says customer data never trains AI models and names no model provider beyond examples.
Source: AI FinTech Index, 2026
Mili
Mili sells AI agents to wealth advisers at RIAs and broker dealers in the United States. Its meeting agent captures Zoom, Teams, phone and in person conversations without a bot in the call, writes notes against the firm's templates and redacts sensitive details, with audio recording off by default. A wider agent suite updates CRMs, fills eMoney and onboarding forms, prepares ACAT transfer paperwork and can open accounts and create trades through TradePMR. Nothing syncs or sends until an authorized user approves it. Mili names OpenAI, Anthropic, Google, AssemblyAI and Deepgram as its model and speech providers and holds SOC 2 Type II and ISO/IEC 27001:2022. It publishes no price and offers a 14 day trial.
Source: AI FinTech Index, 2026
Common questions
Is Knapsack better than Mili?
They are built for different jobs. Knapsack fits a firm that wants AI across email, meetings and compliance work, with the option to keep data on the adviser's computer and published prices. Mili fits a firm that wants a meeting agent tied into advice firm CRMs, planning software and the custodian, with named suppliers and certifications. Graded by AI FinTech Index against the same capability axes from each vendor's own published materials, verified October 9, 2026. No vendor pays for placement.
Where does each run?
Knapsack runs in the browser as Studio, with agents in the cloud, or locally as Desktop, where data stays on the user's machine, and a headless mode embeds it in other products. Mili runs as a desktop app for Mac and Windows and as iOS and Android apps, hosted on AWS in North Virginia, and IT teams can deploy it through an MDM. Graded by AI FinTech Index against the same capability axes from each vendor's own published materials, verified October 9, 2026. No vendor pays for placement.
What do Knapsack and Mili cost?
Knapsack Starter costs $50 a month with 100 credits, each financial services digital worker costs $500 a month after a 14 day trial, and team plans are quoted. Mili publishes no price and offers a 14 day free trial. Graded by AI FinTech Index against the same capability axes from each vendor's own published materials, verified October 9, 2026. No vendor pays for placement.
Does either connect to an archiving system?
Mili exports to Global Relay for supervision and keeps audit logs for seven years. Knapsack's compliance pages describe archiving notes, logs and communications in a tamper proof format for FINRA audits, though no archiving connector such as Smarsh or Global Relay is named. Graded by AI FinTech Index against the same capability axes from each vendor's own published materials, verified October 9, 2026. No vendor pays for placement.
Related comparisons
Other published head to head assessments involving these vendors or their closest peers.
Knapsack's features and prices come from its home, pricing and compliance pages, its digital worker pages and its terms of use and privacy policy. Mili's come from its terms, privacy policy and subprocessor page, updated 6 and 8 October 2026. Three advisers named Knapsack as a notetaker they were considering in the T3/Inside Information 2026 Software Survey, where Mili had a 1.20 percent share and an 8.69 rating. Neither publishes an accuracy figure for its output.