Andrew Storey: AI alone is not a panacea for financial planning

'The industry, however, needs to move beyond the idea that AI is a silver bullet'

clock • 5 min read

Andrew Storey warns that in the race to adopt AI, there’s a growing risk - assuming the technology alone can deliver better financial outcomes

Artificial intelligence has rapidly moved from industry curiosity to strategic priority in financial services. From predictive modelling to personalised recommendations, its potential is undeniable. But in the race to adopt AI, there's a growing risk: assuming the technology alone can deliver better financial outcomes. It can't. AI is powerful, but it alone is not a panacea for financial planning. To create truly accurate,  and bespoke financial plans, it must be combined with two other critical components: human intelligence and robust cashflow calculations. The real opportunity lies...

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

Why AI inertia is the greatest risk to advice

Why AI inertia is the greatest risk to advice

The 95% blind spot

Samantha McBride
clock 23 June 2026 • 3 min read
Why the next generation of wealthtech will be built on data lakes

Why the next generation of wealthtech will be built on data lakes

'The objective is not simply data storage; it is continuous regulatory intelligence'

Chris Davies
clock 17 June 2026 • 5 min read
The FCA is opening the door for innovation - advisers should be paying attention

The FCA is opening the door for innovation - advisers should be paying attention

'The FCA's pro-innovation approach can impact on how advisers do business'

Dawid Kotur
clock 16 June 2026 • 4 min read