Osaic CEO Jamie Price said artificial intelligence could let the firm's roughly 9,000 registered assistants take on more client-facing responsibilities, and that he now questions how large the industry's advisor shortage will be. WealthManagement.com reported his remarks at the firm's annual ConnectED conference in Atlanta.
Price told the conference's opening session that a shortage is still coming, but that firms may be able to move assistants into client work faster than they expected. "It's still going to be a shortage, but maybe we have work to do in helping your assistants actually become much more client-focused, taking more things off our hands faster than we otherwise might have thought about it," he said. He said he had warned audiences about advisor shortages for several years and now wonders whether the shortfall will "not be as big as I once thought in my own mind."
Reported by the RIA desk from WealthManagement.com, Moves Wire and Private Wealth Daily archive. Published . Corrections