By Financial Planning’s Editorial Staff, featuring Shane Cummings, CFP®, AIF®, Wealth Advisor & Director of Technology/Cybersecurity
This week, members of Financial Planning’s editorial staff are on site at ADVISE AI — the first conference devoted entirely to AI in wealth management — in Las Vegas.
Check this story regularly for updates as we bring the conference to you live, from keynote speakers to panel discussions on data, marketing, client communications, investing strategies, client prospecting and more.
If you can’t be here in Vegas with us, our coverage will help you wrap your mind around AI in the industry and how it can scale your business and help you meet client needs.
Throughout the day, we’ll post the latest updates at the top of the cardshow below.
AI-based tools advisors actually use — and like — in their practices
Rachel Witkowski, Shane Cummings, Rianka R. Dorsainvil and Erik Allison spoke at ADVISE AI.
With tech tools proliferating at lightning speed, how can financial advisors keep up while making the best tech choices for themselves and their firms?
And what tools are they putting to work right now?
Financial Planning’s tech and AI reporter Rachel Witkowski moderated a panel that explored those questions with three financial advisors: Rianka R. Dorsainvil, founder and senior wealth advisor at YGC Wealth; Shane Cummings, wealth advisor and director of technology and cybersecurity at Halbert Hargrove Global Advisors; and Erik Allison, wealth advisor at EAWealth.ai.
Dorsainvil cited Jump, Vega Minds and FP Alpha as three of her most-used tools that help boost her practice productivity and deliver an elevated client experience, while Allison praised AdvisorX AI’s ability to help him surmount writer’s block and get creative on connecting with clients via unique communications.
When it comes to whittling down the multitude of tech choices, Cummings said his firm ultimately put together a committee to find consensus on what’s actually needed, instead of doing deep dives on tech that solves problems the firm doesn’t have.
“Prioritizing is critical,” he said.
