Schwab Impact Conference: AI's Growing Role in Investment Advisory Services

Schwab's annual Impact Conference in Boston brought together thousands of registered investment advisers, and this report from the event covers the conversations shaping the industry. It examines how AI is moving from experimentation into practical use across advisory workflows, which partnerships and tools are being rolled out, and how advisers are positioning portfolios amid rate and equity volatility.

■ Conference Overview and AI Strategy
- Attendance and overall energy at this year's Schwab Impact Conference
- How AI is expected to empower advisers rather than replace them
- The pace of AI adoption, from experimentation toward practical usage

■ AI Partnerships and Announcements
- Anthropic's Claude for financial advisors and its go-live
- wealth.com's Esther for estate and tax planning
- A strategic investment in Nevice for adviser AI and workflow

■ How Advisers Use AI Day to Day
- Meeting preparation, note taking, and reading financial documents
- Possibilities for extending AI into the end-client experience

■ Portfolio and Market Positioning
- Use of asset allocation tools and balancing downside against upside
- The status of the 60/40 portfolio in the industry

Advisers, wealth management professionals, and fintech followers can gain a concise picture of where AI adoption stands in advisory services and which tools are entering the market. Use it as a starting point to identify which announced capabilities to evaluate for your own practice.