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

News editor's view: What I've learnt from ambitious young women in advice

News editor's view: What I've learnt from ambitious young women in advice

To mark International Women’s Day this year, I wanted to shine a light on the young female talent out there in the advice profession.

Isabel Baxter
clock 06 March 2026 • 4 min read
Give to Gain: Why lifting women lifts the entire financial sector

Give to Gain: Why lifting women lifts the entire financial sector

Sharing time, knowledge and opportunity creates meaningful change

Steph Willcox
clock 06 March 2026 • 4 min read
Acting on, not just celebrating International Women's Day

Acting on, not just celebrating International Women's Day

'At my firm, we are walking the talk through a number of practical initiatives'

Fiona Oliver
clock 06 March 2026 • 4 min read