The future of financial advice and guidance: How to unlock the full potential of automation and AI
The world of financial advice and guidance is changing, and it's important for financial services professionals to stay ahead of the game. That's why we've created a white paper on the future of financial advice and guidance, exploring the potential of automation and AI.
With the introduction of regulations such as the Retail Distribution Review and the Financial Advice Market Review and initiatives to increase access to advice, different types of help are available to suit different needs in the market. But technology is also playing a significant role in shaping the industry, and our research shows that digital solutions are becoming increasingly popular. So, how can you stay competitive and provide the best service to your clients?
Our white paper delves into the differences between automated guidance, automated advice, and hybrid advice, providing insights into how financial services professionals can make the right choices when it comes to financial advice and any automated solutions they may decide to provide. It's evident that the future of financial advice in a digital age is inevitable, and the changes it will bring will continue to shape the industry for years to come, regardless of how prepared the marketplace is.
Despite concerns about automation, our research shows that technology isn't a threat to advisers. In fact, firms are pouring significant resources into hiring skilled staff to empower them to amplify the reach of advice and serve more customers. Moreover, for firms already providing digital financial advice or guidance, the vast majority of their clients are very satisfied with the quality of service they receive. It's evident that financial advisers who incorporate technology into their offerings and leverage it to enrich their services are poised for long-term success.
The white paper also provides key statistics and insights into the current state of the industry, highlighting the trends and challenges faced by financial services professionals today. Many businesses are looking to launch digital advice/guidance or hybrid advice within the next 6-12 months, it's clear that the industry is moving towards digital solutions, but our research shows that the industry isn't completely prepared for the changes that the marketplace is demanding.
It's important for financial services professionals to understand the different types of advice available and select the most appropriate approach for their unique circumstances. Our white paper provides guidance on how to do just that, with actionable steps and best practices for integrating automation and AI into financial advice and guidance.
In conclusion, the future of financial advice is digital, and the changes it will bring will shape the industry for years to come. Our white paper provides valuable insights into the potential of automation and AI, and how financial services professionals can incorporate these solutions into their offerings to stay competitive and provide the best service to their clients.
Download our white paper today to unlock the full potential of automation and AI in financial advice!
