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Today, 70% of wealth management professionals are now embracing AI, as they leverage tools like ChatGPT and Calendly to streamline workflows and improve efficiency. This shift is changing the skills required in the industry, with practical AI applications becoming a critical topic at conferences like Financial Planning's ADVISE AI. As AI continues to evolve, it will be essential for firms to integrate this tech to stay competitive and prepare for future advancements in the industry. #AI

💡 Though many advisors initially feared AI would take their jobs, today most wealth management leaders are implementing various AI tools to improve their workflows. Rachel Witkowski speaks with Jason Early of RISR, Adam Dell of Domain Money, Jeff Marsden of PureFacts Financial Solutions and others to discover the top AI tools being used by industry leaders today.  📰 Learn more via Financial Planning: #wealthmanagement #AI #technology #artificialintelligence  https://lnkd.in/ep_Db6XT

#Financial #advisors are in great need of #AI advisor tools to manage increasing client expectations and provide personalized service at scale. These tools help automate routine tasks, freeing up valuable time for advisors to focus on strategic decision-making and client relationships. AI-powered insights enable advisors to identify trends and opportunities that may not be immediately apparent, enhancing their ability to offer tailored investment advice. The integration of AI tools with existing #CRMs ensures a seamless #workflow, improving efficiency and accuracy in client interactions. As the financial industry becomes more data-driven, AI advisor tools are essential for staying competitive and meeting the evolving demands of clients. https://lnkd.in/gWixf7ij

The Oasis Group's John O'Connell, MBA was featured in this article in Financial Planning covering top #AI tools for the #wealthmanagement industry picked by wealth leaders, where he highlights AI-powered writing assistant Jasper.AI: "Jasper.AI's brand voice allows wealth management firms to load positioning and strategy documents and automatically uses them to create more strategic alignment to your firm's brand in every output." Read the rest of John's comments and find additional AI tools here: https://lnkd.in/ep_Db6XT

🚀 AI: The Key to Overcoming Challenges in Sales and Service 🚀 The latest Salesforce State of Sales and State of Service reports- both on their 6th Edition - have highlighted a critical trend: both sales and service teams are facing increasing challenges as customer expectations continue to evolve. 🔗https://lnkd.in/eHqTNcwC 🔗https://lnkd.in/ehZqVjsr From the pressure to deliver personalized experiences to the burden of administrative tasks, these teams are struggling to meet the demands of today’s market. But there's good news: AI is emerging as the solution to these challenges. By streamlining operations, enhancing data accuracy, and allowing teams to focus on high-impact work, AI solutions have the power to transform how businesses operate. At Sageify Ltd we've recently published two blog posts that dive deep into these challenges and explore how AI can repurpose your workforce, shifting their focus from tedious admin and operational tasks to what really matters: driving growth and delivering exceptional customer experiences. 🔗 https://lnkd.in/e7NS66vq #AI #Sales #CustomerService #DigitalTransformation #Sageify #CustomerExperience

🚀 New Column Alert: Embracing AI in Strategic Planning Exciting news! My latest column for All Things Innovation is now live online. In this piece, I delve into the transformative impact of Large Language Models (LLMs) on strategic business planning and decision-making. 🤖 AI's Strategic Edge I kick off the column with a practical demonstration, asking ChatGPT about the adoption of AI in the U.S. insurance sector. The response? A detailed, AI-powered analysis that underscores just how crucial these technologies have become in modern business processes. But it's more than just about technological advancement. LLMs like ChatGPT and Claude are reshaping the very fabric of strategic planning. They're not just tools; they're game-changers that are already delivering tangible benefits to early adopters. 🔍 What's Inside the Column? In the column, I explore: The basics of LLMs and their role as advanced, AI-driven analysts. How LLMs go beyond traditional analytics, offering nuanced insights from vast data sets. Real-world examples of LLMs in action, from financial forecasting to competitive intelligence. The balance between leveraging AI's power and ensuring ethical, human-led governance. Practical ideas for pilot projects to integrate LLMs into your business strategy. 🧠 A Thought-Provoking Read Whether you're a seasoned executive or an aspiring business leader, this column is a must-read. It's not just about understanding AI; it's about envisioning its role in your strategic toolkit. Check out the column and join the conversation on how AI is reshaping business strategy. Let's discuss how we can harness this technology to illuminate our path forward in the competitive business landscape. 🔗 https://lnkd.in/gfSgk4FK #AI #BusinessStrategy #Innovation #DataScience #Leadership

📢 Introducing another proud innovation from Incepteo: "Grasp" 🤖📚. Tired of reading large PDF documents? Just talk to them or ask questions—Grasp will provide the answers you need. Struggling with big bank statements? No worries! Even if you have multiple accounts, simply ask Grasp for the information you need from any account, and you’ll get the answer instantly 💬💡. Stop scrolling and start asking with Grasp. #Incepteo #Innovation #AI #Grasp

🙌🏼 We’re excited to share a rare peek under the hood: improvements to our AI-driven admin tool, designed to further empower our team to improve user's financial lives. What's new: 1. Refined Efficiency: The updated tool builds on its ability to generate draft responses quickly, allowing advisors more time for personalization and client engagement. 2. Advanced AI Integration: Leveraging the latest in AI technology, the tool now offers more accurate and relevant responses to complex financial inquiries. 3. Improved Client Relationships: With faster and more insightful replies, advisors can enhance trust and satisfaction among clients. At Uprise, we’re committed to continuous improvement. This update is a reflection of our dedication to evolving our technology to better solve the needs of our users. Learn more about our approach to AI financial advice: https://uprise.us/ #ai #financialadvisor #fintech #personalfinance

There's a growing interest in AI within the financial adviser industry. It will be fascinating to see how AI tools will streamline and add value to the experiences of both advisers and clients. You may find the following existing tools interesting to review and to begin to understand the capability, as you plan for the AI tools that will help both you and your clients. 1. Exabel: This AI platform tackles complex investment decisions, offering deep, data-driven insights to guide financial advisers. 2. Pefin: As the world's first AI financial adviser, Pefin offers personalised financial planning and advice, effectively bridging the gap between advisers and clients. 3. Alpaca: This AI system offers commission-free trading, allowing financial advisers to streamline operations and reduce costs. 4. DataRobot: This automated machine learning tool helps financial advisers to predict future market trends, thus optimising investment strategies. But remember, AI is not here to replace us. It's here to elevate our services and make us more valuable to our clients. It's all about embracing the technology and harnessing it to better serve our clients. Keep an open mind and keep it simple. #financialadvisers #financialplanners #financialservices #ai #aiautomation #businessefficiency #strategy

Don’t Let AI FOMO Drive Your Strategy. Time for some hard truths: We’re seeing far too many decision-makers getting overly excited about AI and suffering from hype-driven AI FOMO. I cannot tell you how many conversations we’ve had over the years repeating the same points, again and again, to make sure our partners don’t fall into the AI trap: overspending on “revolutionary” AI models and tech that cost a lot of money to deploy but with unjustifiably low ROI. Unfortunately, in the current hype cycle, all you get is AI companies trying to sell their AI hype, with very little transparency about true ROI. It’s as if CFOs are not even part of the conversation. But this is NOT your fault! It’s the fault of the tech sector, of which I have been a member, but walked away to build Nebuli that prioritises you, not shareholders (we have none 😁) So here is a free and unbiased AI assessment tool to give you a head start and discover the Four Pillars that make or break your AI project’s success: ➡ Pillar 1 — Business Case & Opportunity: How to align people and technology for mutual success? ➡ Pillar 2 — Data & Methods: What is the key to building a strong foundation with effective data structuring? ➡ Pillar 3 — People & Resources: How to harness the power of collaboration between individuals and technological resources? ➡ Pillar 4 — Security & Privacy What are the robust safeguards needed to protect data and maintain privacy? We built this tool on decades of experience from Nebuli's experts in Augmented Intelligence, human-centric design, consumer behaviour and data science. Above all, the tool is about ensuring you don’t waste time and money on AI gimmicks. Remember: AI is a journey, not a product or a thing! Link in the comments section below. Let me know what you think. #AI #Data #ROI #Nebuli