The advice sector has no choice but to explore its automation/AI options, argues Simon Binney, so for those still on the fence he answers common questions asked by firms weighing up embarking on this journey
"Companies have to create an AI advantage to survive. It is critical that the traditional wealth industry - and even the fintech disruptors - really must start to come up with answers to remain competitive, not least in the provision of wealth management services and digital advice." Profound words from Altus Consulting on the evolution of financial advice - and yet, for many firms, coming up with the answers is complex. With so much disruption at such a rapid rate, anyone could forgive advisers for being confused by which direction to take, and their concerns are valid - after all, we a...
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