US advisers warn about AI more often than they admit to using it: study
Against a measure that excludes named-vendor references, the gap widens to 5.2 percentage points at p = 0.007.
Disclosure rises across the 2024 assets under management quartiles, from 10.4 percent in the smallest to 43.8 percent in the largest.
Private-fund advisers disclosed use in 31.5 percent of brochures against 15.4 percent among wealth and retail advisers.
In a logistic regression, the coefficient on AUM quartile is 0.67 and the coefficient on private-fund status is 1.01, both at p < 0.001, which the authors describe as descriptive associations rather than causal estimates.
The same corpus yields estimates of 9.9 percent, 13.1 percent, 23.7 percent and 31.7 percent depending on the construct, adviser universe and weighting applied.
