Advisors Need to Learn to Stop Worrying and Love AI

For wealth managers, losing clients can be detrimental. When longstanding client relationships dissolve, it can be a blow to advisors' revenue and reputation. Not to mention, replacing them can cost significant money and time. As financial advisors aim to strengthen relationships, retain valued clients and attract new business, artificial intelligence is an overlooked and underutilized tool. Emerging technology continues to dominate the conversation in the wealth management community, and the jury is still out on how the advent of robo advisors and similar technology will influence the advisory industry for better or worse.