Simon Binney: The advice sector needs AI - it just doesn't know it yet

Gains to be made

clock • 6 min read

Ignore what the doom-mongers have to say about artificial intelligence, argues Simon Binney, the financial advice sector has nothing to fear from its introduction and everything to gain

It is tempting to call anyone resisting the advent of artificial intelligence (AI), and its effect on the workplace and job market, a Luddite. That, however, would be an inaccurate analogy. Luddites were not afraid of the actual technology but that their craft and artisanal skills would be replaced by machinery that would probably do a worse job while costing the owners less money. That is why the unrelenting march of AI in today's world is different. AI today is designed to do the exact opposite - alleviating the workforce of mundane activities while freeing people up to spend valuable ...

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

Nerve-soothing investments for the AI bubble age

Nerve-soothing investments for the AI bubble age

'This is the sort of frequently overlooked investment that can bring stability to portfolios'

Gabriel Sacks
clock 09 January 2026 • 4 min read
How AI will shape the future of advice

How AI will shape the future of advice

'Advice will always be human'

Amal Jolly
clock 08 January 2026 • 4 min read
Adventures in AI: Managing security and data risks

Adventures in AI: Managing security and data risks

Part two in a series...

Mike Morrow
clock 06 January 2026 • 4 min read