By Jamie Ponting | | AI
How Well Do Advice Firms Really Understand Their AI Solutions
AI is reshaping the financial advice and wealth management industry, bringing with it both transformative potential and pressing questions. A recent study by Downing Fund Managers highlighted that 46% of advisers believe AI will play the most significant role in advancing efficiency, personalisation, and automation in the sector over the next five years. Jason Bates, co-founder of Monzo and Starling, echoed this sentiment at the PFS Conference, envisioning an “augmented adviser” model, where technology empowers advisers to combine the best of human and AI capabilities. Yet, as AI’s prominence rises, ...
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