Back then, many were sceptical; uncertain if the Internet would truly transform our profession. Today Artificial Intelligence (AI) presents a similar, perhaps even greater, opportunity. AI is not a fleeting trend. It is a practical reality shaping our profession now and will continue doing so for decades to come.
I recently conducted a poll on LinkedIn asking financial advisors about their current use of AI in their practices. The results revealed that only 8% of respondents indicated extensive integration of AI. Another 40% use AI selectively, while 38% are still in early exploration stages. Interestingly, 14% remain unconvinced about the value of AI entirely. This poll highlights an important gap and an exciting opportunity for advisors who embrace this powerful technology early.
In my own practice I have adopted the philosophy that Artificial Intelligence complements Advisor Intelligence. These two forms of intelligence working together produce powerful outcomes. Human empathy, intuition and ethical reasoning remain irreplaceable, but the strategic deployment of AI significantly enhances our capabilities. It simplifies complex analyses, reduces administrative tasks and frees up valuable time for deeper, more meaningful client interactions.
I have integrated AI into my professional workflow, relying heavily on GPT as my primary platform. GPT streamlines the drafting of client communications, analyses market trends, and efficiently compiles personalised financial reports.
Much as the Internet reshaped financial planning 30 years ago, AI is transforming it today. The question advisors face now is not whether AI should be part of their practices but how quickly and effectively they can integrate it.
Complementing GPT, I use Microsoft Co-Pilot as my secondary AI solution. Co-Pilot seamlessly integrates with daily productivity tools like Outlook, Excel and Teams. This hybrid approach ensures AI supports precisely where needed and significantly boosts my productivity. Whether I’m crafting detailed retirement plans or managing daily emails while travelling, AI tools help me deliver timely, precise and personalised client experiences from anywhere.
The practical impact of AI integration has been significant. For example, during virtual client meetings AI effortlessly transcribes conversations and summarises key action points. Within minutes, comprehensive meeting reports are ready to share with clients. Similarly, GPT assists me in quickly preparing insightful commentary on market developments, allowing me to keep clients informed proactively rather than reactively.
AI’s benefits extend beyond my professional practice into my personal life. As I frequently travel, currently exploring Türkiye, AI-driven translation tools ensure clear communication despite language barriers. It also greatly simplifies planning itineraries, organising my schedule and managing tasks across multiple time zones. These practical conveniences significantly improve my quality of life and support my philosophy of #workingfromanywhere.
To advisors hesitant about AI, I urge swift action. Our clients increasingly expect timely, relevant and personalised interactions. AI not only enables this but actively enhances our human capabilities, keeping advisors ahead in an increasingly competitive profession. Selecting a primary AI tool like GPT, complemented by a secondary platform such as Microsoft Co-Pilot, offers the greatest flexibility and ease of integration. This strategy will ensure a seamless transition into the AI-powered future.
Much as the Internet reshaped financial planning 30 years ago, AI is transforming it today. The question advisors face now is not whether AI should be part of their practices but how quickly and effectively they can integrate it.
