AI Adoption Set to Rise Amongst Advisors
RIAs were the most likely of any intermediary channel to report using AI tools at 56%. In addition, 78% of RIAs said their firm did not have written policies on the use of AI, compared to just 35% of regional, independent, and bank advisors.
Advisor Pulse: Advisors Balance Independence and Business Development
New Business Development Stands Out as the Top Challenge for Advisors. A mere 19% of wirehouse advisors said this was their top challenge, compared to 27% of regional, independent, and bank broker-dealers and a much stronger 34% of registered investment advisors (RIAs).