This November marks the one-year anniversary since ChatGPT was released for public use. From that moment on, AI has managed to butt its way into nearly early conversation the industry has had about the evolving relationship between technology and financial advice. 

But the GenAI takeover of financial services hasn't happened as some feared it would. It hasn't even come close. It could even be argued the past year has proven exactly how vital the human touch is for this bleeding-edge tech to be worth the investment.

So that still leaves a whole lot of questions, and a whole lot of firms interested in AI's potential are taking real steps to explore practical applications of artificial intelligence in wealth management. In an attempt to answer a few of those questions, wealthtech management consulting company F2 Strategy conducted a study that highlighted four big AI trends advisors should check for heading into 2024.

Key takeaways include the importance of education, collaboration and vendor partnerships moving forward.

The study also finds that despite the popularity of generative AI, efficiency trumps flash when it comes to AI that firms are the most interested in.

Anything else on your mind? Drop me a line at justin.mack@arizent.com. Have a great weekend, everyone!

Regards,
Justin

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