John O’Connell Featured in Financial Planning Magazine: Most advisors see AI in investing as a risk
Most financial advisors see AI-driven investment decisions as a risk, with 65% rating the risk as moderate or significant and only a small fraction viewing it as negligible. RIAs are particularly wary – 74% are uncomfortable with AI tools autonomously managing portfolios, while advisors at banks and wirehouses tend to be more open to automation in investment management. John O’Connell is quoted in this article from Financial Planning for his perspective on integrating AI into financial planning. He believes that every advisor should be actively exploring ways to streamline their processes with AI, emphasizing the potential to reduce manual effort and speed up the creation of personalized financial plans. O’Connell sees AI as a catalyst for efficiency but suggests that thoughtful implementation is crucial for successfully augmenting – rather than replacing – the advisor’s value.
