The study found that most firms remained in the early stages of artificial intelligence (AI) adoption, with use cases concentrated on administrative tasks like note-taking and email drafting.

Schwab Advisor Services, part of Texas-based Charles Schwab Corp, has found in a study that AI adoption among registered investment advisers (RIAs) has more than doubled since 2023, with 63% now using AI tools in some capacity. Most firms remained in the early stages of AI adoption The study titled ‘Schwab Advisor AI in Action: AI’s transformative impact on RIAs’ involved 533 RIAs, who were surveyed. The findings were released on 22 January. The study revealed that most fi