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recommendations based on data-driven insights , all delivered by a human adviser .

While the future is promising , there are several challenges in regulation , compliance , security and ethics . We are only at the foothills of solving these issues for mainstream client adoption , but the journey has most definitely started .

Man and machine in harmony

While AI can enhance financial advice , the human element remains essential . Financial advisers must work alongside AI systems , leveraging their expertise and judgment to provide holistic and empathetic advice . The future of financial advice will likely be hybrid , where human advisers and AI collaboration to achieve the best client outcomes .

It ’ s a bright future for UK financial advice . With continued advancements , the role of AI in financial advice will undoubtedly grow , offering exciting opportunities for greater innovation .

Firms that successfully integrate AI into their businesses , fostering true human-AI collaboration ,

will be well positioned to meet evolving client needs and the potential to deliver superior financial outcomes .

Momentum and AI

Over the last few years at Momentum , we have been collaborating with a leading AI business to enhance our robust asset allocation process . By rigorously testing AI-driven inputs and outputs alongside our experienced investment team , we effectively use AI in the role of an additional informed analyst opinion in our discussions and decision-making . The experience to date has been positive , and we are on a journey with many other parts of our business assessing AI collaboration alongside human capabilities for both efficiency and enhancing solution delivery .

IMPORTANT NOTES

This document is only intended for use by the original recipient , either a Momentum Global Investment Management Limited ( MGIM ) client or prospective client and does not constitute investment advice or an offer or solicitation to buy or sell . This document is not intended for use or distribution by any person in any jurisdiction in which it is not authorised or permitted , or to anyone who would be an unlawful recipient . The original recipient is solely responsible for any actions in further distributing this document , and in doing so should be satisfied that there is no breach of local legislation or regulation . This document should not be reproduced or distributed except via original recipients acting as professional intermediaries . This document is not for distribution in the United States .

Any opinions expressed herein are those at the date this document is issued . Data , models , and other statistics are sourced from our own records , unless otherwise stated . We believe that the information contained is from reliable sources , but we do not guarantee the relevance , accuracy , or completeness thereof . Unless otherwise provided under UK law , MGIM does not accept liability for irrelevant , inaccurate , or incomplete information contained , or for the correctness of opinions expressed . Past performance is not generally indicative of future performance .

MGIM ( Company Registration No . 3733094 ) is authorised and regulated by the Financial Conduct Authority in the United Kingdom and has its registered office at The Rex Building , 62 Queen Street , London EC4R 1EB . © MGIM 2024 .

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