The biggest shift in financial advice history is less than 2 years away

Advisers’ entire tech stack will collapse in the next two years; that is the bold prediction of Paradino AI Co-Founder and CEO Alex Gassner.

He sees the glaring gap between the 15,000 financial advisers in Australia and those 16 million Australian’s who need advice, as being closed in one way only- by purpose-built AI tools.

Courtenay Fox, Co-Founder of Fox & Hare Financial, knows this firsthand.

After testing around 10 AI tools before narrowing it down, her firm now runs AI across everything from file notes and paraplanning to document review and client communications. No client data goes into any general LLM tool.

In this interview, Gassner and Fox outline why purpose-built AI is set to transform the advice industry, how Fox & Hare are already putting it into practice, and what every adviser needs to know about data security, liability and the looming advice gap.

Chapters:

00:00 AI Will Transform Advice

01:23 The Future Advice Tech Stack

04:05 How Firms Use AI Today

05:17 AI Security and Compliance

10:28 Human Oversight Still Matters

13:00 Client Trust and Transparency

15:32 Data Privacy and AI Models

19:59 Can AI Close the Advice Gap?

21:20 Practical AI Tips Today

24:08 The Future of Financial Advice

Register for your ticket to FinFest Industry Day here!

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CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.

0.50 Total Hours

Knowledge Requirements: Managed Investments (0.50 hour)

Legislated CPD Area: Technical Competence (0.50 hour)

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This episode has been sponsored by Paradino AI. Paradino is the AI advice automation platform built specifically for Australian financial advisers. To find out more head to paradino.ai.

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