The Financial Planning Standards Board has released a new guidance note on the use of artificial intelligence in Financial Planning as it says AI is “reshaping Financial Planning.”
The FPSB is the global standards setting body for Certified Financial Planner (CFP) Professionals around the world, including the UK.
It said its new guidance note is designed to help financial planning professionals use artificial intelligence (AI) responsibly while meeting their ethical and professional obligations.
It said as AI adoption accelerates across the Financial Planning profession, the guidance provides practical direction on how Financial Planners can use AI to support efficiency, insight and client service while reinforcing the importance of professional judgment, human oversight, transparency and confidentiality.
FPSB’s 2025 global research on the Impact of AI on Financial Planning found that two in three Financial Planners report their firms are using AI or planning to do so in the next 12 months.
The research, based on responses from more than 6,200 Financial Planners across 24 territories, also found that 78% believe AI will help them better serve clients, while 60% say it will enhance the quality of financial advice.
Dante De Gori, FPSB CEO, said: “AI is reshaping the practice of Financial Planning, but trust, professional judgment and accountability remain essential.
“This new practice guidance note is designed to help Financial Planners embrace the benefits of AI while reinforcing that they remain responsible for the advice and recommendations they provide to clients.”
The guidance highlights key areas requiring special care, such as privacy, cybersecurity, and the accuracy and reliability of outputs. FPSB’s guidance stresses that AI should support — not replace — professional expertise and critical thinking.
The Practice Guidance Note: Use of Artificial Intelligence in Financial Planning is intended to complement FPSB’s Global Financial Planning Standards and does not replace local laws or regulations applicable to financial planning professionals.