Only 7% of advice practices embed AI across workflows, Iress study finds

Research finds only 7% of advice practices have embedded AI; these are up to three times likelier to report broader business benefits. Some 81% could absorb a 30% increase in adviser capacity, suggesting production capacity constrains growth more than demand. Among AI-engaged respondents, 47% save at least a quarter of time on AI-assisted tasks; only 20% report materially lower servicing costs. Poor integration hampers adoption for 50%; 43% prefer waiting for AI capabilities in existing software over adopting standalone tools. Measured hours saved would justify further AI investment for 58%, yet only 28% have measured existing tools' time or cost impact. 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 October 15, 2026, and is solely responsible for the information contained therein. (C)