AI is an 'area to watch' for advisers who have not adopted the service

'Too early' to tell how AI will be used in wealth management

Sahar Nazir
clock • 1 min read

Nearly half (44%) of financial advisers who are not using artificial intelligence (AI) have said that it is still “an area to watch”.

This is according to a recent report released by NextWealth, titled 'Delivering Operational Leverage'. The report has drawn on interviews with 18 financial advice professionals and a survey encompassing 244 individuals in the field. NextWealth said large and small firms alike said they would rely on their tech partners - back-office, platform and administrative system providers in particular - to help with the thinking about how to implement AI to automate tasks. According to the report, several advisers criticised these firms for not doing enough product development. One rema...

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