NextWealth

Advisers score risk profiling tools 7.6 out of 10 for effectiveness

Most advisers use the same profiling tool and set of questions

NextWealth says 41% of advisers expect to increase MPS use next year

'Too early' to tell how AI will be used in wealth management

The shift reflects business model diversification and staff ratio changes

Research shows 17% of advisers said they will make changes over next year

One charges more and want to work with young clients

Research shows the largest platforms are the most digitally enabled

DFMs say advisers offering co-branded MPS are co-manufacturers

More advisers reporting to all clients on sustainable investments