Professional Adviser investigates the likely future of artificial intelligence (AI) in advice and what differentiates tools that are available in today's market, including on cost, service and value.
Britain's financial advisers have lurched from one, usually scarring, evolution to the next, always seemingly close to going over the precipice. February's stock market reaction to the launch of US tax planning tool Hazel from artificial intelligence-powered wealth firm Alltruist – which saw UK wealth firms St James's Place, AJ Bell and Quilter's share prices all tumble significantly – was the latest iteration of the trend that the end is always nigh for financial advisers. In this case, that Hazel and other AI tools like it would eventually steal their lunch. Morningstar director of mar...
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