Like it or not, AI is reshaping how all business will be done.
Some professions, like financial advisors, might think they have nothing to worry about, but they will be greatly impacted too.
Mike Byrnes, owner of Byrnes Consulting, gave a second presentation in an “AI Readiness” series for the Financial Services Institute (FSI). The presentation was called Growing in the Artificial Intelligence Era.
Some key points from his presentation can be found in the Rethinking65 article titled An Era of AI Disruption for Financial Advisors.
Here are 15 points he shared in the article:
- AI is here and if you are not adapting you already are likely falling behind.
- AI can make you dumber.
- AI could eliminate 99% of jobs by 2030.
- AI wearable or ambient devices will constantly listen, learn, and anticipate human needs.
- AI companies want chatbot conversations to have confidentiality protection.
- AI is moving rapidly toward artificial general intelligence (AGI.)
- AI governance committees are needed in companies.
- AI ethical guidelines are needed.
- AI tools will help in so many ways and ultimately increase profitability.
- AI outside expertise is needed, as businesses cannot do everything in-house.
- AI will likely replace customer support jobs first.
- “AI strategist” is now how one should think of his/her job.
- AI might cure cancer and other diseases.
- AI needs massive energy infrastructure.
- AI will create newfound time… use it wisely.
See Mike’s next FSI in-person presentation at OneVoice 2026 called “Beyond the Buzz: Real AI Strategies for Growth, Scale, and Client Value.”
Mike is on FSI’s national AI Taskforce. Read the white paper it published called Artificial Intelligence: Balancing Innovation, Interoperability, and Oversight.
AI will enhance some roles and eliminate others. Advisors who blend human empathy with intelligent tools will lead, while others risk obsolescence.
Contact Mike for speaking engagements and consulting advice on this important artificial intelligence topic.
