HUB24’s Jason Entwistle on AI and avoiding the next advice scandal

Jason Entwistle is worried. Australian advisers have one of the highest AI adoption rates in the world at a time when there are so many "shiny new toys” coming out.

But he sees a real risk to the speed of this adoption. Taking up AI tools without enough DD could lead the industry to “end up in a bit of a scandal where data has ended up in the wrong spot,” giving the regulator another reason to intervene.

So how can advisers still change with the times without risking their business?

Jason joins Ally to explain why he thinks nailing your data and processes is the key.

Chapters:

00:00:00 Introduction

00:01:45 Why Advisers Should Take AI Slowly

00:04:51 The Future of Financial Advice

00:07:10 The Risks of Getting AI Wrong

00:10:00 Which AI Start-ups Will Survive?

00:14:06 How Platforms Will Use AI

00:16:31 Keeping Client Data Secure