Advisors Reject AI For UHNW Client Prospecting

Elite advisory firms told CNBC's Inside Wealth they remain skeptical of AI client-prospecting tools, saying databases and LLM overlays surface contact data but rarely win ultra-high-net-worth clients. Executives from Pathstone ($182 billion AUM) and AlTi Tiedemann Global cited referrals, professional networks (40%/30% of growth), and high-touch services as primary drivers, while startups like Finny position AI as a complement for targeted events and monitoring.