The growing impact of AI is unignorable. Here, with the help of some expert views from our Let’s Grow speakers on AI and Regtech, are what Mike Morrow sees as the three key themes coming next for the financial advice profession…
Expect more disruption UK wealth managers and price comparison sites have already seen their share prices drop with the advance of artificial intelligence (AI) tools that can analyse client scenarios and generate personalised recommendations. While this could be great news for bridging the advice gap, advice firms could see their traditional revenue models coming under increased pressure. However, research shows a strong preference for human advisers over AI-only platforms — with around 70 % of UK adults favouring people for financial advice, even if they see value in AI as a supp...
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