Financial advisors ranked dead last in AI adoption in 2023. Here's how fast that changed, and what's still missing
Cerulli says 70% of billion-dollar registered investment advisors now use AI for notetaking or call documentation, but connected workflows remain limited.
- As of early 2026, Cerulli data shows that 70% of billion-dollar registered investment advisors use AI for notetaking or call documentation, marking widespread adoption across the wealth management industry.
- The AI Maturity Model for Enterprise Wealth Management defines four stages from 'Experimental' to 'Transformational stage,' requiring AI to run as one connected, firm-wide system for full transformation.
- Drew Boyer, CFP, says 'I'd call myself AI-aware, but nowhere close to AI-native,' while Danielle Darling, CDFA, notes she still reviews outputs manually as end-to-end automation remains elusive.
- In mid-September, Anthropic and OpenAI announced integrations targeting financial advisors, while public interest in Model Context Protocol spiked this spring as software brands announced LLM connections.
- Firms racing toward full transformation seek to reshape operating models and competitive position rather than just workflows. Boyer says 'This time, I don't want to be the guy still holding a BlackBerry.
35 Articles
35 Articles
Financial advisors ranked dead last in AI adoption in 2023. Here's how fast that changed, and what's still missing - The Mexico Ledger
A few years into AI's rise across every industry, most financial advisors have adopted some kind of tool. But how far has that adoption actually taken them?In 2023, a University of Chicago study examined generative AI usage across 11 professions. Financial advisors ranked lowest, both at work and at home. Jump; Data source: University of Chicago Back then, there were few, if any, compliant AI tools built for how advisors and financial professio…
Omaha World-Herald
Financial advisors ranked dead last in AI adoption in 2023. Here's how fast that changed, and what's still missing
Jump reports that financial advisors ranked lowest in AI adoption as of 2023, but rapid advancements are being made.
Financial advisors ranked dead last in AI adoption in 2023. Here's how fast that changed, and what's still missing - Hillsboro Sentry Enterprise
A few years into AI's rise across every industry, most financial advisors have adopted some kind of tool. But how far has that adoption actually taken them?In 2023, a University of Chicago study examined generative AI usage across 11 professions. Financial advisors ranked lowest, both at work and at home. Jump; Data source: University of Chicago Back then, there were few, if any, compliant AI tools built for how advisors and financial professio…
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