Nearly half of advisers believe the ongoing development of artificial intelligence (AI) will have the greatest impact on their businesses over the next five years compared to areas like ESG and regulation, research from Downing Fund Managers has found.
The group's recent study with 46 general practitioner, specialist and hybrid advisers found 46% believe AI and its potential to boost efficiency, provide more personalised insight and automation, as well as helping with analysis, will have the most impact on the sector over the next five years. This compared to 28% who believe ESG investing is becoming more important to investors and regulators and will have the greatest impact. Meanwhile, just over a fifth (22%) believe regulatory changes and tougher compliance standards aimed at increasing transparency, reducing fees and protecting ...
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