Providers have 'clear role' to help advice firms with AI governance support

Less than 5% of advisers have a full AI policy

Isabel Baxter
clock • 3 min read

For providers, offering advisers practical support with artificial intelligence (AI) in the form of governance packs, real integrations, evidence of value will be key in keeping business, NextWealth has said.

The latest report in NextWealth's Adviser Tech Stack series – Clearing the path for AI in advice – ranked the material barriers that firms must address to move from pilots to scale when it comes to AI, with internal governance frameworks coming high up that list. The findings showed that fewer than 5% of financial advisers have full AI policy, guidelines, and sign-off. Conducted among 200 advice professionals, the research showed compliance and regulation are the standout barriers to AI adoption, alongside a lack of systems integration, and the findings show that 79% of all firms surv...

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 Technology

Ammonite co-founder says AI suitability report tool could 'triple' adviser capacity

Ammonite co-founder says AI suitability report tool could 'triple' adviser capacity

Planbot launched by former adviser duo

Jen Frost
clock 26 February 2026 • 3 min read
Anthropic's latest AI plug in could 'trigger golden age of digital advice'

Anthropic's latest AI plug in could 'trigger golden age of digital advice'

AI firm launched wealth management plug in in US adviser space

Jenna Brown
clock 26 February 2026 • 2 min read
Adviser AI usage more than doubles in last year

Adviser AI usage more than doubles in last year

Rises from 29% to 60%, SOTAN findings reveal

Isabel Baxter
clock 25 February 2026 • 3 min read