Financial services firms tanked after the launch of a new AI-powered tax planning tool that promises to do the work "within ...

Of all the tangled financial skeins advisors have to unravel, some of the most complicated can involve their own pay. Processing Content Now LPL Financial is hoping to use artificial intelligence to ...

Generative artificial intelligence tools, like ChatGPT or Gemini, can be a valuable tool for clients and advisors, especially when it comes to summarizing information or modeling financial scenarios, ...

For decades, Americans were given the same advice about money: Find a good financial adviser. Trust the person, not just the process. That model worked when markets were simpler, tax laws changed more ...

Chad D. Cummings thinks advisors should be aware of "a burgeoning landmine" he's seeing in his litigation practice — a sharp increase in lawsuits and malpractice risk arising from financial advisors' ...

The reality about the financial advice industry today is that personalized, comprehensive advice is expensive. Per the most recent 2024 Kitces Research on Productivity, a client can expect to pay at ...

Financial advisors face a delicate balance when it comes to artificial intelligence. Many want to use it to improve productivity and clients often want to work with advisors who are up to speed on the ...

ChatGPT can help you learn financial concepts, but it lacks critical thinking. So you should take its retirement advice to a ...

Trust but verify. When it comes to using artificial intelligence, however, many financial advisors have turned that sage and skeptical advice on its head: They require a lot of verification before ...

Artificial intelligence is starting to play a much bigger role in financial planning and wealth management. Many people wonder whether that means financial advisors will eventually become unnecessary.

PARSIPPANY, N.J.--(BUSINESS WIRE)--Summit Financial (“Summit”), a preeminent investment advisory firm empowering advisors to deliver family office services and optimize business growth, today ...

Across the wealth management industry, firms are using artificial intelligence to consume and analyze demographic and psychographic data and come up with lists of new prospects at extraordinary speed.