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...
To continue reading this article...
Join Professional Adviser
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.
