International Adviser: Should advisers see AI as a threat to their business?
It’s important to strike a balance between AI and adviser capabilities.
Media mention
International Adviser: Should advisers see AI as a threat to their business?
While some are embracing AI, others are skeptical about the future of the technology.
According to our CTO Zach Womack, “AI should not be seen as a threat to financial advisers but rather as a valuable tool that can augment their capabilities and provide enhanced services to clients. By embracing AI in their businesses, financial advisers can improve efficiency, accuracy, and personalisation of their advice. The positives of AI in advice lie in its ability to process vast amounts of data, identify patterns, and improve operational efficiency. Striking the right balance between human expertise and AI-powered insights is key to leveraging AI’s full potential for the benefit of both advisers and their clients.”
Important information
This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events or a guarantee of future results. Statements that are not factual in nature, including opinions, projections, and estimates, assume certain economic conditions and industry developments and constitute only current opinions that are subject to change without notice. Nothing herein is intended to be a forecast of future events, or a guarantee of future results. Certain economic and market information contained herein has been obtained from published sources prepared by other parties, which in certain cases have not been updated through the date hereof. While such sources are believed to be reliable, neither SEI nor its affiliates assumes any responsibility for the accuracy or completeness of such information and such information has not been independently verified by SEI. There are risks involved with investing, including loss of principal. The value of an investment and any income from it can go down as well as up. Investors may get back less than the original amount invested. Returns may increase or decrease as a result of currency fluctuations. Past performance is not a reliable indicator of future results. This material is not directed to any persons where (by reason of that person's nationality, residence, or otherwise) the publication or availability of this material is prohibited. Persons in respect of whom such prohibitions apply must not rely on this information in any respect whatsoever. The information contained herein is for general and educational information purposes only and is not intended to constitute legal, tax, accounting, securities, research, or investment advice regarding the strategies or any security in particular, nor an opinion regarding the appropriateness of any investment. This information should not be construed as a recommendation to purchase or sell a security, derivative, or futures contract. You should not act or rely on the information contained herein without obtaining specific legal, tax, accounting, and investment advice from an investment professional.
The attached article contains forward-looking statements within the meaning or the rules and regulations of the Securities and Exchange Commission regarding SEI's strategic focus regarding geographic expansion and potential investments. You should not place undue reliance on these forward-looking statements, as they are based on the current beliefs, assumptions, and expectations of our management, which are subject to significant risk and may change. Some of the risks and important factors that could cause actual results to differ from those described in our forward-looking statements can be found in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended 31 December, 2022, filed with the Securities and Exchange Commission. We do not undertake to update any of our forward-looking statements.
Information issued in the UK by SEI Investments (Europe) Ltd, 1st Floor, Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, which is authorized and regulated by the Financial Conduct Authority. Investments in SEI Funds are generally medium- to long-term investments. Information provided in the U.S. by SEI Investments Management Corporation, a federally registered investment adviser and wholly owned subsidiary of SEI Investments Company (SEI). Information provided in Canada by SEI Investments Canada Company, the Manager of the SEI Funds in Canada.