Many advisers taking our latest poll agree that AI-based efficiency gains are making their businesses more profitable, while around one in three need more time to assess its impact.
Interestingly, only around one in ten (11% as we go to print) say they’re not becoming more profitable as a result of introducing AI-based processes into their business at a time when barely a week goes by without more news emerging from the AI space.
Earlier this week, for example, news broke on the acquisition of AI platform, Paradino, by Matt Heine’s tech/super/admin platform Netwealth (see: Netwealth to Acquire Paradino). This news follows our report last week on the integration of AI firm Marloo’s quoting capacity with the three-tiered NEOS product platform (see: NEOS Announces AI Pricing Partnership).
AI …will change the way financial advisers do business
AI is here to stay and it will change the way financial advisers do business – we hope for the better – to provide advice practices the opportunity to grow and build more profitable enterprises, while at the same time creating the time and opportunity to deliver great value to more Australian consumers.
Today, 57% are saying AI efficiencies are making their businesses more profitable. We’ll look to run this same question in 12 months and compare. Until then, this current poll remains open for another week and we welcome your thoughts…
