Half of all financial advice to be led by artificial intelligence

‘It is naive to think the human adviser will save the advice profession’

Sahar Nazir
clock • 3 min read

At least half of all advice will be led by artificial intelligence (AI) over the next few years, according to Finovation Consulting founding director Craig Barraclough.

Speaking at Multiply AI's Best Practices for Gen AI in Financial Advice event yesterday (4 July), Barraclough said face to face advice will be a "shrinking portion" of the industry. "Generative AI is going to empower the adviser," he said. "As a society we are changing, and we are moving away from talking to humans." Barraclough also said he expects the industry to build trust in AI systems. "If I can get the same advice from AI, then it becomes a question of value. We might be naive to think the human adviser will save the advice profession," he said. Despite the call to embrac...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Reeves promises to not 'return back to austerity' in pre-Budget message

Reeves promises to not 'return back to austerity' in pre-Budget message

'Biggest drive for growth in a generation'

Michael Nelson
clock 26 November 2025 • 1 min read
Nearly half of advised HNW clients unaware of CGT allowance

Nearly half of advised HNW clients unaware of CGT allowance

Charles Stanley finds

Sahar Nazir
clock 25 November 2025 • 2 min read
CII launches vulnerability guide

CII launches vulnerability guide

For insurance and personal finance

Isabel Baxter
clock 25 November 2025 • 3 min read