AI in 2025: Revolution, Evolution or Disillusion?
by Jeff Nash, Founder & CEO, BridgeMark Strategies
Published April 1 on AdvisorHub
When it comes to AI, the future is now. Tech visionaries (not to mention a wealth management industry that’s facing a 100,000 financial advisor shortfall) are placing heavy bets on AI and its potentially transformative ability to enhance productivity. There’s good reason for it. AI is already driving efficiency gains, with its algorithms helping financial advisors get more done more quickly in areas including marketing, risk management, data analysis, and model portfolio creation.
Studies show that current generative AI and other technologies have the potential to automate work activities that currently occupy 60 to 70 percent of employees’ time and that half of today’s work activities could be automated between 2030 and 2060. Should these forecasts come to pass, the impact on a relationship-centric industry such as wealth management cannot be overstated. And expectations are indeed high:.......Read More