- Agree (52%)
- Not sure (26%)
- Disagree (22%)
Our latest poll indicates that just over half of the adviser community are confident the future use of AI technology will materially reduce their advice business’ costs and enhance their capacity to serve more clients.
As we go to press, while 55% of respondents agreed with the assertion, those disagreeing (26%) that it would enhance their capacity to service more clients, or were not sure (19%), indicates some 45% are not convinced.
Our poll asks advisers to consider the impact that AI will have on their advice business following a prediction by Vital Business Partner’s David Carney, who foresees a future in which every financial adviser will be working with an AI ‘co-pilot’ (see: How AI Can Transform Advice Practice Efficiency).
We are effectively asking how much faith the adviser community places in the emergence of AI as a practical, working solution for their business.
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.
Our poll is open for another week and we welcome your views…
