It’s been more than two years since ChatGPT first exploded into the public consciousness.
Launched by OpenAI in late 2022, the generative artificial intelligence chatbot was the first large language model service to promote large-scale awareness of the transformative potential of AI.
Tasks that once took hours to finish, like writing long-form content or proof-reading documents, could now be completed within a matter of minutes.
If the public was unaware of just how powerful AI was before, the sheer act of watching a chatbot create thousands of words of content from a few simple prompts undoubtedly helped bring them up to speed.
AI has now entered the chat – so to speak – and today there’s barely an element of our ever-evolving digital landscape it hasn’t impacted.
But what does that mean for financial advisers, and how can they incorporate things like Collaborative AI into their day-to-day practice?
It’s easier than you might think.
First things first: what is Collaborative AI?
Put simply, Collaborative AI refers to artificial intelligence systems designed to work alongside humans or other AI systems to achieve shared goals.
Unlike traditional AI, which is designed to operate independently, Collaborative AI enhances teamwork by understanding human intentions, communicating effectively, and adapting to different roles within a group. This collaboration is taken one step further when it involves more than typing responses to; and receiving answers back in a chat interface and evolves to include mutil-modal functions like being able to interact with audio instructions, provide supplementary material, and use regular chat to engage with AI.
In other words, Collaborative AI is technology designed to work in conjunction with humans – not replace them – and when it’s used properly, it can unlock genuine efficiencies for any financial advisers who incorporate it effectively into their practice.
That’s because AI assistants that are integrated deeply into workflows and actually collaborate with financial advisers can dramatically shorten the amount of time it takes to perform manual, repetitive tasks.
A truly collaborative space where advisers, support staff and AI-first tools work together to prepare advice documents is the key to unlocking AI’s full potential.
What this means is that Collaborative AI is not just a tool but an actual, active member of your practice..
Here’s why AI is evolving
Have you logged onto ChatGPT recently? You’re not alone.
The popular AI tool was the world’s sixth most-visited website in January 2025 – even while competitors like Gemini, Anthropic and DeepSeek race to take market share away from OpenAI.
That’s a common occurrence not just in AI but in the tech space in general, where familiar names like ChatGPT enjoy early-mover advantage, even as rivals supersede them technologically.
Ongoing refinements to things like text-to-prompt commands and the ability to mimic human responses mean what worked yesterday may not be the best way to use AI technology today.
We’re seeing that in the financial advice space – where continual advancements to AI technology mean financial advisers enjoy even more flexibility when it comes to their workflows.
Features such as the ability to interact with audio, and upload reference material like product research or insurance quotes, all whilst being able to reference the file note on file to produce automated advice requests, is where we see advisers being able to save 10+ hours compared to legacy systems.
This in turn creates a more efficient workflow for advisers – enabling them to automate 10+ hours of administrative tasks by leveraging AI to produce file notes, and assist in preparing advice requests in a way that fits their own workflow.
Integrating Collaborative AI into your workflows
Financial advisers have been creating file notes since the dawn of the industry, and there will always be a need to create detailed records and review meetings.
But the rapidly evolving digital landscape means some AI note-takers can now do so much more than simply transcribe and annotate meetings.
The future of AI in financial advice is one that goes deeper into the advice process; into advice preparation – one informed by data-rich insights produced in collaboration between humans and AI.
Picture a dynamic workspace where an adviser and AI assistant collaborate in real time; analysing client goals, financials, and co-creating tailored strategies through seamless text, voice, and document sharing. The outcome? Fast, precise, and fully compliant advice documentation, delivered effortlessly and ready to action.
A seamlessly integrated, fully collaborative platform that combines AI with the type of deep understanding only a real-world adviser can provide will transform the way financial advice is prepared and delivered.
Why? Because the more time freed up by eliminating manual and repetitive tasks better handled by AI, the more clients can be advised – helping to boost your bottom line.
Paradino automates from file notes to advice requests and aligns to your workflows. Sign up to our waitlist for our new launch of Paradino’s Strategy Assistant, simply head to: https://hello.parahttps://hello.paradino.ai/waitlistdino.ai/waitlist and register.
