The Efficient Advisor: Tactical Business Advice for Financial Planners 248: AI Automation Made Easy: How to do DIY AI in Your Advisory Business
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Feb 11, 2025 Ben Olsen, an AI consultant and former financial advisor, shares his insights on how AI is revolutionizing financial advisory practices. He discusses the practical applications of AI tools like ChatGPT for streamlining workflows, enhancing client communications, and automating tasks. Olsen emphasizes the importance of integrating technology without overhauling existing systems, offering tips for quick wins. He also highlights future trends in AI adoption and the balance between tech and human interaction in advisory roles.
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Libby's Pregnancy Scare
- Libby Grywe had a "scary" experience in 2008, not because of the market crash, but because she found out she was pregnant.
- This realization prompted her to rethink her work-life balance as a financial advisor.
From Busy Advisor to Business Owner
- Libby realized she hadn't built a business, but a "very busy Libby," leading her to prioritize systems and processes.
- She quadrupled her revenue per hour and cut her work hours drastically.
Focus on Revenue Per Hour
- Focus on increasing revenue per hour, even if you don't want to work part-time.
- AI can help achieve this by working smarter, not harder.