Deloitte Report Details Advisor Time Usage and AI Potential
1 report, 1 independent
Updated Wed 00:00
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What happened
Deloitte released a report detailing advisor time usage. The report found that advisors spend upwards of 70% of their time on activities that are not client-facing. AI adoption could potentially free up as much as 50% of that time, allowing advisors to spend more time with clients and help grow their firms.
From americanbanker.com
Why it matters
The report suggests that while AI adoption can allow a firm to grow quickly, successful integration requires a bottom-up approach rather than being strictly top-down. Both panelists in the report agreed that putting AI tools into all advisors' hands is essential for maximizing efficiency.
From americanbanker.com
Who's involved
- DeloitteReleased the report detailing advisor time usage and AI adoption trends.
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The entities involved
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Deloitte
multinational professional services network founded in 1845