Key trends shaping the future of advice
- Economic outlook: RIAs remain broadly optimistic about the economy, with younger advisors showing even greater confidence, likely due to their longer investment time horizons.
- AI adoption: Advisors across generations are weaving AI into their workflows—from streamlining administrative work to improving client communication. Younger advisors, however, express concern about the rise of 'ChatGPT financial advisors' and overreliance on generative AI.
- Tech-forward advantage: As clients increasingly value time-saving, accessible experiences, firms that embrace AI-driven, tech-forward advising are positioned to capture the majority of future relationships.
