NextWealth has launched a new AI Directory aimed at helping financial advice professionals identify, compare and select AI tools suited to their business needs.
The directory is designed to tackle growing adviser frustration around knowing where to start, which tools to trust and how to evaluate technical and commercial suitability.
NextWealth’s upcoming Adviser Tech Stack report, due in December, shows 55% of advisers are likely to change their AI tools in the next 12 months.
The firm says integration depth, reliability and trust will be critical in determining which providers advisers choose to work with.
The AI Directory will:
- Profile AI providers operating in the advice market
• Offer comparable information on capabilities including compliance monitoring, report generation and meeting summaries
• Provide detailed insight on use cases, customisation options, pricing, integration and upcoming features
The launch includes an initial overview of 15 AI providers, with plans for regular updates to reflect new entrants and product developments.
Chanelle Paynter, Associate Research Director at NextWealth, said advisers are overwhelmed by the number of AI tools and face a time-consuming and complex process in trying to assess them.
“Our directory is designed to save time, reduce risk and provide a clear and independent view of a rapidly evolving space. It gives advisers the information they need to make informed decisions about the tools that are the right fit for their firms and clients,” she said.
