AI helped me automate some of my wealth advisor job. Here's why I'm not worried about it stealing my edge.
Source: Business Insider ·
Rick Nott has used AI to save hundreds of tedious hours uploading documents for his clients. Here's why he's not worried about Claude taking over.
From the source
Rick Nott, Senior Managing Director at Angeles InvestmentsAngeles InvestmentsRick 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. LLMs have allowed me to dig into coding, which I'd been avoiding learning because it's a lot of work. I know enough to know what I want, how…