Why AI Won’t Replace Financial Advisors—But Could Make You Indispensable

 

Hi everyone and welcome to The Magellan Network Show. Everyone's talking about it—AI. From ChatGPT to niche tools, artificial intelligence is becoming increasingly visible in our industry. But here’s the question on many advisors’ minds: Will AI replace us?

In this episode, I unpack why the answer is no. After spending the past year or two closely observing the slow but steady rise of AI in the financial services space, I’ve gathered my thoughts—and today, I’m sharing them with you.

I also discussed the following:

(03:08) Why AI won’t replace financial advisors
(06:28) Practical ways advisors can leverage AI today
(08:22 Why embracing AI is essential for an advisor
(14:58) What do I think about AI clones
(17:30) How AI is helping advisors build a lasting legacy