More than half of advice firms to implement AI in the next five years

Advisers ‘increasingly leaning into tech’ according to a recent report

Sahar Nazir
clock • 1 min read

Advisers are increasingly turning to artificial intelligence (AI), with more than half (58%) of firms expected to implement the technology in their advice process in the next five years, according to The Lang Cat.

In its sixth annual State of the Advice Nation report, findings revealed that a third of the advice industry has said it is either currently using AI or has plans to do so within the next year. Insight director Steven Nelson said: "It is reassuring to see so many embrace the potential of tech and AI - particularly if they see it as freeing them up to focus on other priorities. "Frustrations remain with other tech and the ongoing issue of integration, but we will share more on this later in the year." The Lang Cat research that predicted 58% of advisers would adopt AI in the next fi...

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