AI saves advisers time but delivers limited cost benefits, Iress study finds

By Public Technologies14:16 (UTC), 2 November 2026 Updated

Iress research with Signal Advisory found 47% of AI-engaged advice professionals save at least a quarter of their time on AI-assisted tasks.
Only 20% report materially lower costs to serve clients; just 5% have retired software or services because of AI.
AI has supplemented existing technology for 63% of respondents; reviewing outputs consumes much of the time saved for 30%.
Demand offers scope for growth: 81% say their businesses could fill a 30% increase in adviser capacity.
Practices with AI embedded across advice workflows are up to three times more likely than those piloting to report broader business benefits.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IRESS Limited published the original content used to generate this news brief on November 02, 2026, and is solely responsible for the information contained therein.