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The Wealth Advisor

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The Wealth Advisor is today’s most relied-on source of news and education for planners and advisors. We scan the news so you don’t have to, sending you what you don’t want to miss…but don’t always have time to find yourself without poring through dozens of publications. The Wealth Advisor sends you a handy once-a-week list of the most important news, hand-picked by our staff for its importance to investment advisors and their practices.

Amplify: Why Most Wealthtech AI Strategies Fail Before They Start

(Amplify) Here’s a typical scenario: A $2 billion RIA installs an AI assistant to help advisors respond quicker to client inquiries. Within 30 days, a problem arises when an advisor asks, “What’s the Miller household’s total AUM?” The AI assistant surfaces three different numbers depending on whether it queries the CRM, the portfolio system or the reporting tool.

Three systems. Three versions of the truth. The result? The advisor spends more time reconciling data than they saved using the tool.