Business Transformation | 10.08.26

AI Adoption Among Financial Advisors Slips, Even as Time-Saving Benefits Grow

by: Financial Advisor

A Morningstar survey found that AI adoption among financial advisors fell from 33% in 2025 to 20% in 2026, despite 48% reporting time savings. Advisors primarily use AI to summarize meetings, draft emails, brainstorm and conduct research, with 57% seeing its greatest benefits in client communications. However, 56% cited administrative workloads as a major obstacle to service delivery, and only 18% considered AI highly reliable for investment recommendations or portfolio decisions. Overall, 42% said AI had helped their practices, while 19% viewed it as a threat.

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