How AI could elevate financial advisor performance

As a firm and individually, we have been actively studying the use of artificial intelligence (AI) in wealth management--and more specifically how investment advice generated through AI is sought out and applied--for the past three years in its many different applications across the industry. In our view, the wealth management industry is built and will continue to evolve around human relationships, clients' personal values and their most meaningful choices. The question is how advancements in AI could help the wealth management industry even more. I believe that AI can improve the advisor-client relationship significantly through the combination of richer information, meaningful service, and superior efficiency. Earlier this year, financial advisors (FAs) shared with us their beliefs around how to effectively use AI for their day-to-day business.