Financial Industry Lagging in AI Adoption, Limiting Client Experience
• Financial industry has been slow to adopt AI and modern technology, relying on outdated systems that limit client asset management
• Independent financial advisers emerging, leaving larger firms with antiquated systems that lack customization
• AI can improve efficiency, compliance, operations - reducing costs passed to clients
• Younger advisers adopting AI to streamline business, grow client base, expand research
• Transition toward technologically inclusive world needed to focus on enhancing client experience