AI helped me automate some of my wealth advisor job. Here's why I'm not worried about it stealing my edge.
A wealth advisor at Angeles Investments shares how he uses AI tools to automate data collection and portfolio analysis, significantly increasing his productivity. He emphasizes that while AI handles tedious tasks, it serves as a supplement to human expertise rather than a replacement.
Why it matters
It illustrates the practical application of AI in professional services, demonstrating how automation can scale high-level financial advice to a broader client base.
Rick Nott, Senior Managing Director at Angeles Investments Angeles Investments Rick Nott has used AI to save himself a lot of tedious work as a wealth advisor. He said new AI products may help other advisors save time too, but they won't replace humans. Nott spoke to Business Insider about how he uses the technology to save him time now. Rick Nott is a senior managing director and private wealth advisor at Santa Monica, California-based Angeles Investments. He spoke to Business Insider about how he uses AI, and why he's excited and afraid when looking at AI-native financial planning platforms. The conversation has been edited for length and clarity. When Claude first rolled out its solution for financial advisors , I felt fear and excitement. How complicated will it be? How will it work? I'm not a software developer, but I have some basic tech skills.
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