01.23.26

Independent RIA AI Use Soars, but Most Still at Start of Journey

by: Steve Randall

AI adoption among independent registered investment advisors has surged, with 63% of firms now using the technology in some form, more than double the rate seen two years ago, according to new research from Schwab Advisor Services. Despite rapid uptake, only about 10% of firms have embedded AI into their core business strategies, with most using it for tactical tasks such as meeting notes, email drafting and workflow support. Early adopters report efficiency gains and smoother operations, while others remain in pilot mode addressing data, compliance and training challenges. Confidence in AI’s impact is growing, with most firms expecting it to reshape client relationships and advisory practices within the next three years.

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