ABOUT THIS EPISODE
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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