Advisers Should Train AI Tools Slowly and Steadily, Much Like a Puppy

Financial advisers are encouraged to start integrating AI with smaller, task-specific models, akin to nurturing a puppy, according to Rowan Whittington from Dynamic Planner. At Intelliflo’s Innovate conference, she emphasized the importance of developing AI gradually and customizing it rather than relying on vast, pre-trained systems. While AI tools are plentiful, many struggle with complexity, and their use must be carefully monitored, especially in regulated environments. Whittington noted a significant demand for adviser-client capacity; 47% of advisers lack the ability to accept new clients, despite 81% wanting to expand their client bases. Panelists discussed the need for advisers to efficiently manage time and offer varied services amidst regulatory challenges. They highlighted the potential of AI to enhance efficiency but cautioned against hastily adopting new technologies without considering long-term impacts. Emphasizing a reflective approach, they advocated for sustainable solutions to improve client communication and service delivery.

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