top of page

How AI is Changing the Future of Financial Planning

Are you ready to welcome our new overlords, the robots? Just kidding! It certainly feels like AI and Robots are coming for us though. Have you heard about the fully automated McDonalds in Ft. Worth, Texas. If you haven’t here’s a YouTube Video on it: Crazy where things are going and how quickly they are moving.

AI has had an impact on the financial planning industry as well. The leaps and bounds the financial industry has taken in the last three years is phenomenal, and I hate to say it but we have COVID-19 to thank.

Before 2020, I was still running all over town or sending bulky packages to clients so they could surf through what seemed like thousands of pages to just open a simple investment account. Document signing tools were available but none of the financial institutions were really investing much time and energy into them to make them really a time saver for anyone. They were clunky to say the least.

Now not only am I able to help a client open up an account from the comfort of their own home, I run a virtual practice, meaning, no more driving around in traffic for me. Life Insurance underwriting has gotten so streamlined that we can get a decision in days sometimes rather than months like it was before.

AI and machine learning is also revolutionizing the way financial planners work:

  • Personalized recommendations: AI can analyze vast amounts of data to provide tailored financial advice and investment recommendations based on our client’s unique situation and goals.

  • Automation: AI can streamline repetitive tasks such as data entry, portfolio rebalancing, and risk assessments, allowing financial planners to focus on higher-level strategy and personalized advice.

  • Predictive modeling: AI can use historical data and predictive modeling to help investors make more informed decisions and anticipate market trends.

But, as with any new technology, there are also some potential downsides to consider. For example, there are concerns about the potential for biases in AI algorithms, and some people worry that AI may replace human financial planners entirely.

We had that same concern when Robo Advisors became more common. Yes, the AI technology could help a client form a balanced investment portfolio based on their risk profile at that moment, but what we found was that clients still needed that personal touch and sounding board of a real financial advisor: someone who knew them, their family, and situation that they could call and get some solid advice from. Google is only as good as the question it is asked and that’s the same with AI.

AI can provide powerful tools and insights to support financial planners, but human expertise and judgment will remain essential in building trust and establishing strong client relationships.

So, what does this all mean for the future of financial planning? Only time will tell, but one thing's for sure: AI is here to stay, and it's changing the game in a big way.

As always, stay curious, stay informed, and stay ahead of the curve.

P.S. Have you tried any AI-powered financial planning tools? Let us know in the comments!

We at One Vision Retirement are happy to have a no obligation call to go discuss your situation and questions.

Feel free to schedule a call today:

Have a question for us that you want answered in our newsletter? Email your question to

Investment advice offered through Integrated Financial Partners, doing business as One Vision Retirement, a registered investment advisor. The information in this material is for general information only and is not intended to provide specific advice or recommendations for any individual. Integrated Financial Partners does not provide tax advice or services. Please consult a qualified tax advisor regarding your specific situation.



bottom of page