Advisers call for enhanced compliance processes to use AI

AI ‘firmly embedded’ into advice journey but ‘more work needs to be done’

Isabel Baxter
clock • 2 min read

Advisers are calling for enhanced compliance processes to use artificial intelligence (AI) for financial advice provision, according to a survey by AdviserSoftware.com.

Its poll of more than 100 attendees at its inaugural Artificial Intelligence in Financial Advice conference found that 57% of advisers would like to see enhanced compliance processes to use AI for financial advice provision. Two years on from ChatGPT launching to the public on 30 November 2022, 66% of those surveyed at the conference view the future of advice as a service that will be primarily delivered via an online client portal, with virtual access to the adviser via an online service. This will be to provide clients with the benefit of accessing personal information about their fina...

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