A wealth manager in Los Angeles, Arynton Hardy, is among the growing number of financial advisors incorporating artificial intelligence (AI) into their daily practices. Hardy, who works for the tech startup Savvy Wealth, utilizes AI tools such as an AI summarizer to streamline client meetings by providing notes, follow-ups, and to-dos. This integration of AI has significantly increased productivity by saving time on data entry and back-office tasks, allowing more focus on client interactions.
According to a report by the data-analytics firm Escalent, nearly 40% of financial advisors are leveraging generative-AI tools to enhance productivity, create content, and attract new clients. The potential of generative AI in the financial advisory sector is promising, with the aim of providing tailored and trustworthy money advice to individuals.
