AI's slow adoption may cost the Financial Planning sector talent

Interesting article about how AI is 'taking the grind out of accountancy'. It highlights Owen Hewitt, a trainee chartered accountant who is two years into his training and who along with his peers, will be the first generation of accountants to use AI right from the beginning of their careers.

I wonder if the world of financial advice and planning is equally on the ball with AI when it comes to supporting brand new advisers who are right at the start of their careers?

Early adoption can streamline efficiency, allowing young advisers to focus on developing core competencies such as strategic financial planning, client relationship management and providing highly personalised service. It will also enable them to spend more time on the good stuff - honing all important interpersonal skills such as empathy, listening and ethical judgment, which are difficult to replicate with AI.

It strikes me that if financial planning firms aren't yet proactively enabling new advisers to embrace AI in their roles right from the start, it will make the profession far less attractive to join...

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