I’m confident future use of AI technology will materially reduce our advice business costs and enhance our capacity to serve more clients.
- Agree (60%)
- Disagree (24%)
- Not sure (17%)
Loading ...Our latest poll challenges you to consider the impact that artificial intelligence will have on your advice business.
This conversation flows from our report on the vision shared by Vital Business Partner’s David Carney, who predicts a future in which every financial adviser will be working with an AI ‘co-pilot’ (see: The Role of AI in Financial Advice).
We’re effectively asking how much faith you place in the emergence of artificial intelligence as a practical, working solution for your business – a development which will materially contribute to delivering greater efficiencies for you.
We’re talking here about both AI and Generative or ‘Gen’ AI, which is artificial intelligence technology that can create new content and data in formats including text, images, video and audio files.
If AI technology can significantly contribute to greater efficiencies leading to a reduction in the cost of advice, then this development should – by extension – also offer the opportunity for advisers to be more productive in serving existing clients and increase their capacity to serve more clients. Hence our poll question, where it’s assumed greater efficiencies will lead to enhanced productivity.
Cast your vote and we’ll report back next week with the result. Not a subscriber? Click here and sign up for our free weekly newsletter.