The hottest AI use case for advisors? Note-taking apps that generate action items, according to this Family Wealth Report article written by Charles Paikert. T3 president Joel Bruckenstein, one of the financial industry’s leading tech consultants, said he is concerned that small firms may not be able to ask the right questions, and if they don’t fully understand how the data is being used, they shouldn’t be using these apps. Bruckenstein pointed out that AI software is still “a very immature market,” which he compares to the robo-advisor market that emerged a decade ago. “Two-thirds of the robo companies were disintermediated by incumbents and aren’t around anymore,” he said.
Great article! YourStake has actually built a curated AI tech map specifically for advisors. One of the six buckets is note taking apps but there are some great solutions out there that are solving immediate pains for practices of all sizes. Take a look: https://www.yourstake.org/our-company/ai-tech-map
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