Bike Loans Australia :: News
SHARE

Share this news item!

AI Gaining Traction Among Australian Financial Advisers

AI Gaining Traction Among Australian Financial Advisers

AI Gaining Traction Among Australian Financial Advisers?w=400
A recent global survey conducted by the Financial Planning Standards Board reveals a growing trend among Australian financial advisers who see artificial intelligence (AI) as a beneficial tool.
The study, which includes perspectives from advisers across 24 markets, highlights that approximately 82% of financial advice businesses in Australia are either currently utilizing, piloting, or planning to incorporate AI within the next year to enhance client services.

Within the Australian financial sector, the research indicates that half of the advisers predict AI will significantly improve the quality of financial advice, while 64% expect it to decrease the costs associated with serving clients. Additionally, 62% believe AI will improve accessibility to financial planning services for underserved populations, though there are existing concerns regarding data privacy and cybersecurity, noted by 52% of respondents. Additionally, 32% of Australian advisers express concerns regarding AI's accuracy and reliability.

The Financial Advice Association Australia (FAAA) echoes this sentiment, acknowledging AI's dual role in reducing costs and expanding financial advice to underserved communities. Sarah Abood, CEO of FAAA, emphasizes the sector's need to streamline regulations that may otherwise restrict access to financial advice, which has become more challenging due to complex regulatory demands. "Simplifying regulations will allow advisers to focus on achieving optimal outcomes for clients," she asserts, acknowledging AI's potential to balance administrative challenges with innovative solutions.

This forward-thinking approach is mirrored in New Zealand, where the survey suggests that 73% of advisers foresee AI as a tool to better serve clients, with a majority recognizing its potential to both enhance advisory quality and reduce costs.

As financial advisory firms continue to adopt AI technology, the industry is likely to witness changes that could reshape the landscape, making services more accessible and affordable. While this digital transformation offers promising prospects, it remains vital for stakeholders to address the associated risks to ensure a seamless integration of AI in the financial advisory sector.

Published:Wednesday, 14th May 2025
Source: Paige Estritori

Share this news item:

Finance News

Investors Shift Focus to Hedged International Equity ETFs Amid Volatility Investors Shift Focus to Hedged International Equity ETFs Amid Volatility
19 May 2025: Paige Estritori

New insights from InvestSMART reveal a noticeable shift in investment preferences from Australian equity Exchange Traded Funds (ETFs) to global equity ETFs, particularly hedged international equity ETFs. This development comes in light of investors' efforts to guard against currency fluctuations. - read more
RBA Rate Cut Possible Despite Eased US-China Tariffs RBA Rate Cut Possible Despite Eased US-China Tariffs
19 May 2025: Paige Estritori

Economists are largely forecasting that the Reserve Bank of Australia (RBA) will reduce interest rates during its upcoming meeting, although recent international developments add some uncertainty to this prediction. Notably, US President Donald Trump's decision to lower tariffs on China prompted a reciprocal tariff reduction by Beijing, leading to a rise in risk asset values, including shares. - read more
Australia Records Historic Fall in Disposable Income Australia Records Historic Fall in Disposable Income
16 May 2025: Paige Estritori

Recent data from the Australian Bureau of Statistics (ABS) revealed a historical drop in real per capita household disposable income for Australians, marking an unprecedented fall of around 8% since mid-2022. This decline represents a significant issue, with Australia experiencing the largest decrease in the developed world, according to the OECD. - read more


Bike Loans Articles

The Aussie Rider’s Guide to Cost-Effective Maintenance for Your Motorcycle The Aussie Rider’s Guide to Cost-Effective Maintenance for Your Motorcycle
For motorcycle enthusiasts, the roar of the engine and the freedom of the open road often come with the responsibility of regular maintenance. Keeping your motorcycle in top condition is not just a matter of performance—it's crucial for safety and longevity. However, there's a common misconception that motorcycle care has to break the bank. This introductory guide will debunk that myth, illustrating how cost-effective maintenance can be a game-changer for riders. - read more
Secured vs. Unsecured Bike Loans: Which is Right for You? Secured vs. Unsecured Bike Loans: Which is Right for You?
There's nothing quite like the thrill of buying your dream motorcycle. The freedom of the open road, the wind in your hair, and the sense of adventure are all within your reach. But before you can ride off into the sunset, you'll likely need some financial assistance to make that dream bike a reality. - read more
The Benefits of Motorcycle Financing for Australian Buyers The Benefits of Motorcycle Financing for Australian Buyers
Motorcycle financing offers a convenient way for Australian buyers to afford their dream bikes. With the rising costs of motorcycles, many enthusiasts find it challenging to purchase their desired models outright. This is where motorcycle financing becomes a popular option. By spreading the cost over a fixed period, buyers can enjoy the freedom and flexibility of riding their dream motorcycles without depleting their savings. - read more
Top 5 Factors to Consider When Buying Your First Motorcycle Top 5 Factors to Consider When Buying Your First Motorcycle
For many, the thrill and freedom that come with owning a motorcycle are unparalleled. Whether you're envisioning leisurely weekend rides through Australia's beautiful landscapes or using it for your daily commute, owning a motorcycle can bring an exciting new dimension to your life. - read more
Common Mistakes to Avoid When Applying for a Bike Loan Common Mistakes to Avoid When Applying for a Bike Loan
Buying a motorcycle is an exciting adventure, especially for enthusiasts who have been dreaming of hitting the open road for years. The thrill of finding the perfect bike, imagining all the journeys it will take you on, and finally making it your own can be immensely rewarding. - read more
Secured vs. Unsecured Bike Loans: Which is Right for You? Secured vs. Unsecured Bike Loans: Which is Right for You?
There's nothing quite like the thrill of buying your dream motorcycle. The freedom of the open road, the wind in your hair, and the sense of adventure are all within your reach. But before you can ride off into the sunset, you'll likely need some financial assistance to make that dream bike a reality. - read more


START HERE
Get a free bike loan eligibility assessment and compare offers tailored specifically to your circumstances.

START HERE.

Loan Amount:
Postcode:

Knowledgebase
Hard Inquiry:
A credit report check by a lender or other entity as part of the credit approval process, which can lower your credit score.