AI has become a standard tool for many RIAs, particularly for client reporting and other operational tasks. According to industry research, AI adoption among RIAs has more than doubled since 2023. 

Early adopters report saving more than 10 hours per week, or about 500 hours annually, allowing firms to serve approximately 20 additional clients each year without increasing headcount. 

How Can RIAs Scale Client Reporting?

RIAs can use AI to collect and organize data from custodians, portfolio management systems, and other platforms into a single client report. Industry research shows that 69% of RIAs now use AI in client reporting dashboards to deliver faster and more consistent reports.

As firms continue to grow, reporting volumes are increasing across multiple custodians and account types. AI allows advisors to deliver consistent reporting across larger client bases without adding operational staff or increasing reporting timelines.

How Can RIAs Personalize Client Reports?

AI allows RIAs to tailor reports to each client's goals and financial situation. Reports can automatically adjust charts, summaries, and planning information based on each client profile.

Industry surveys show that 59% of RIAs already use AI to create personalized financial planning reports, with customized reporting provided for about 80% of clients. Personalization is becoming increasingly important as wealthy investors expect more tailored advice. Recent industry research also shows that clients now work with an average of 2.3 advisors, while 45% are willing to move up to half of their assets, making personalized reporting an important way to strengthen client relationships.

How Much Time Can AI Save?

Preparing reports often requires collecting data, formatting documents, and reconciling information across multiple systems. AI automates much of this work, allowing advisors to spend more time meeting with clients instead of preparing reports.

Early adopters report saving more than 10 hours each week, while firms using automated reporting reduce staff hours by approximately 35%. Those time savings allow advisors to focus on planning, client reviews, and business development without increasing headcount.

What Overlooked Areas Can Improve Client Reporting?

Client reporting should also include opportunities to identify assets clients may not realize they are entitled to recover while demonstrating comprehensive oversight of their portfolios.

Securities class action settlements totaled approximately $8 billion in 2025, yet many eligible claims went unclaimed because filing them required significant manual work. Platforms such as 11th.com automate the entire process and are natively integrated with major custodians and TAMPs, covering more than 85% of the market. Including settlement recoveries in client reports helps RIAs demonstrate comprehensive oversight of client assets while giving clients tangible financial results through funds deposited directly into their accounts.

What Should RIAs Prioritize in 2026?

In 2026, RIAs should focus on using AI to reduce manual reporting while improving personalization and reporting quality. As AI becomes a standard part of wealth management, firms that use it to strengthen client relationships and improve operational efficiency will be better positioned to retain clients, grow assets, and scale their practices without increasing operating costs.

FAQ

Why should RIAs automate client reporting with AI?

AI reduces manual reporting, improves accuracy, and gives advisors more time to focus on clients.

How much time can AI save on client reporting?

Early adopters report saving more than 10 hours per week, while automated reporting reduces staff hours by approximately 35%.

How does AI personalize client reports?

AI tailors reports to each client's goals, financial situation, and communication preferences using client-specific data.

Can AI help RIAs scale without hiring more staff?

Yes. AI automates reporting workflows, allowing firms to serve more clients without increasing headcount.

What overlooked opportunity can add value to client reports?

Including securities class action recoveries helps RIAs demonstrate comprehensive oversight of client assets while identifying eligible settlement proceeds for clients.