Future Trends in Financial Planning: What Advisors Need to Know

The financial planning industry is evolving rapidly. Technology integration, holistic advice, and increased access to financial information are transforming how advisors serve clients. To stay ahead, financial professionals must adapt to these shifts while maintaining a personal touch.

Emily Millsap, Manager of Financial Planning at Avantax Wealth Management, highlights the importance of embracing innovation without losing human connection. As artificial intelligence and automation streamline processes, advisors must focus on building trust and delivering personalized, values-driven financial guidance.

Those who successfully balance cutting-edge technology with empathy will stand out. Clients seek comprehensive financial solutions that go beyond investment management—incorporating tax strategies, behavioral finance, and long-term financial wellness.

Key Trends Shaping Financial Planning:

Technology & AI: Automation is simplifying tasks, but human insight remains irreplaceable.
Holistic Financial Advice: Clients want financial planning that considers life goals, taxes, and behavioral finance.
Democratized Financial Information: With more resources available, advisors must focus on guidance, not just data.
The Human Connection: Trust and emotional intelligence will differentiate top advisors in a tech-driven world.

These insights are inspired by the latest episode of The Connected Advisor podcast featuring Emily Millsap, Manager of Financial Planning at Avantax Wealth Management. Dive deeper into how financial therapy transforms traditional advice. Listen to the full episode here and explore more articles in this series.