NextWealth has launched a new AI directory to help advisers in choosing AI tools.
The directory will showcase the profiles of AI providers operating in the advice market and provide comparable information on their offerings, including compliance monitoring, report generation and meeting notes and summaries.
It will also provide an in-depth product overview of areas such as use cases, customisation, pricing and upcoming features.
The directory will start with an initial overview of 15 AI providers and will be updated regularly to include new entrants and the latest product additions.
Its launch follows NextWealth’s recent Adviser Tech Stack report, which found that 55% of advisers are very or somewhat likely to change their AI tools in the next 12 months. Integration depth, delivery and trust will decide which providers firms choose to stick with, the firm said.
Chanelle Paynter, associate research director at NextWealth, said: “Financial advice professionals have been telling us that finding the right AI partner and understanding the various product offerings available can be overwhelming and a complex and time-consuming process, when focus is quite rightly on trying to run their business and support clients.
“Our directory has been designed to help address these common frustrations and save time, reduce risk and offer advisers and providers a clear, independent and detailed view of a rapidly evolving space, enabling them to make informed decisions about the tools and services that are the right fit for them.”
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