Last Updated on February 8, 2024 by Connor Prendergast
“Any sufficiently advanced technology is indistinguishable from magic,” said Arthur C. Clarke. In this podcast, John deconstructs the magic of AI and explains how we got here, where we’re going, and how you can use AI to your advantage now.
AI is impacting business worldwide and it will transform wealth management, says John. Currently, however, AI is best used as a lazy intern that needs to be managed. In its current iteration, AI can organize reporting, streamline client communication, help with marketing, and other tasks you might give an assistant in training. It’s not a magic solution, yet.
A summary of topics John addresses on the podcast:
● What generative AI is, how it evolved, and what it’s capable of
● Some concerns and potential risks associated with generative AI in financial
services
● Why advisors need to learn about generative AI before using it with clients
● Some practical ways you can use AI now to streamline your workflow
Listen to the full podcast:
THE FLEXIBLE ADVISOR EP 103: MEET YOUR NEW INTERN: GENERATIVE AI – WITH JOHN PRENDERGAST
