Digest March 24th

Addressing the Financial Advisor Shortage: Rising Client Demand

Projections indicate that by 2034, the wealth management industry could face a shortage of approximately 100,000 advisors. Despite this, client demand for human-led financial advice continues to grow, presenting both challenges and opportunities for the industry. ​Wealth Management

Advisors’ Generative AI Adoption Lags Growing Interest

Despite increasing enthusiasm for generative artificial intelligence (AI) among financial advisors, actual adoption remains limited. Surveys reveal that while a majority plan to invest in AI tools to enhance efficiency and personalization, challenges such as technology limitations and concerns about data quality hinder widespread implementation. Investment News

Financial Advisers Reveal Plans and Key Trends for 2025

Leading independent financial advisers discuss their firms’ strategies for fintech adoption, ESG priorities, and expectations for the financial planning sector in 2025. Embracing digital tools and integrating ESG factors are highlighted as key priorities to enhance client experiences and portfolio management. ​City Wire