AdviserSoftware.com has launched an artificial intelligence assessment framework to allow advisers to explore key functionality when choosing an AI provider.
The ‘Adviser AI Tools Assessment Framework’ spans propositions across the UK, US, Australia, New Zealand and Canada, with Dubai to be added soon.
AdviserSoftware.com, part of tech consultancy firm Financial Technology Research Centre, said AI-driven innovations are “rapidly transforming” the financial advice sector, helping to deliver more personalised, scalable and data-driven client solutions.
It said its new framework is designed to help advisers to select the best AI solutions for their individual needs. The analysis identifies the key operational areas AI is increasingly being used to support and highlights which solutions offer support in each area. Users can then select individual studies of each of the propositions.
Ian McKenna, founder of AdviserSoftware.com, said: “Advisers knowledge of AI is rapidly evolving, and our aim is to help to provide a clearer understanding of these providers’ offerings and how each offering may integrate into their business and in turn, provide a better service for their clients. Once firms have successfully deployed one AI system it is inevitable they will look for more to achieve further benefits. We have built this framework to make the job of finding the right partners easier for them.
“The Adviser AI system has been built by a team who have first-hand experience working either in an advice business or as paraplanners so really understand the issues that advisers face. It will make it easy for financial advisers to easily identify key AI functionalities that will align with their business and help in their supply selection decisions.”
To date, 14 providers have been analysed, including Aveni, Otto, Conquest and Unitfi, with further providers added and analysis updated over time.
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