Artificial intelligence, self-driving cars, virtual reality, voice-controlled assistants — the pace of technological change is breathtaking.

From a financial advisory business perspective, though, many of the headline-grabbing tech developments aren't that useful — at least not yet.

While some advisors like to adopt cutting edge tools, most industry sources seem cautious and want proof that a technology will help their business before they try it. The advisors and consultants interviewed for this article only suggested using a particular tech tool after they determined that it really works, not simply because it's deemed the latest, greatest innovation.

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Ed transitioned from wealth management to freelance writing and has written for many of the financial service industry’s leading publications. These include Bloomberg Wealth Manager, CFA Magazine, Institutional Investor online, Financial Planning, Journal of Accountancy and the Journal of Financial Planning. He has published three books, including his most recent textbook, "Foundations of Computational Finance with MATLAB.” Ed has written numerous print and web articles for custom publishers and many of the largest U.S. and international financial services firms; he holds the Certified Financial Planner and Retirement Income Certified Professional designations. His most recent articles are listed at