EP 62 AI for Advisors w/ Liam Hanlon

Welcome back to the Roadmap Retirement Podcast! I was recently joined by Liam Hanlon, the Head of Insights at Jump, a leading AI meeting assistant in the financial advice sector. Liam explains how Jump leverages unique and powerful data to aid advisors and make their work more efficient. During our discussion, we delve into the adoption of AI in financial advisory, its impact on time management, and how advisors can use this technology to reclaim significant amounts of time—up to 250 hours per year. We also tackled common barriers to adopting new tech, including concerns about client reactions and the learning curve associated with new tools. Liam shared insights from studies, revealing shifts in AI utilization in the financial sector, from a mere 25% adoption rate to two-thirds of advisors now using AI tools. We discussed how AI not only saves time but can also optimize client interactions by predicting successful conversational patterns and keeping advisors ahead of trending topics. As we wrap up, we reflect on the future of financial advisory, particularly the role AI will play amid the ongoing great wealth transfer and increasing demand for financial advice. The key takeaway? AI isn't just about saving time—it's about maximizing the efficiency and effectiveness of that saved time to better serve clients and grow advisory businesses. If you would like to contact Liam about Jump, click HERE for his LinkedIn.