How AI Is Transforming Financial Planning and Enhancing Client Relationships

Send us Fan MailOn this episode of The Get Ready Money Podcast, I spoke with Lily Vittayarukskul, co-founder of Waterlily, and Sumedha Rai, AI strategist, about how AI is reshaping financial planning—from enhancing advisor-client relationships to helping protect consumers from financial scams.We explored how advisors can integrate AI thoughtfully, while keeping empathy and human connection at the center of every conversation.💡 Key Takeaways🔹 AI boosts personalization 🔹 Automation frees up time for advisors to focus on deeper client conversations 🔹 AI improves fraud detection, but social engineering still requires human awareness 🔹 Empathy can’t be outsourced—relationships remain the advisor’s superpower 🔹 AI enables scale, but it’s people skills that build trust 🔹 Pause before reacting—slow down, verify, and stay scam awareConnect with Lily Vittayarukskul:Website (here)LinkedIn (here)Connect with Sumedha Rai: Website (here)LinkedIn (here)Resources mentioned:Get Ready Podcast episode: Connecting Wealth and Great Health With Chris Heye (here)Carefull (here) Eversafe (here)Bio: Lily Vittayarukskul is the CEO and Co-Founder of Waterlily. Graduating from UC Berkeley with a degree in Genetics and Data Science, Lily led product and engineering teams at multiple startups before founding Waterlily, a company dedicated to making healthcare and its costs accessible, understandable, and empowering for all.Sumedha Rai is a data scientist and AI strategist who helps industries like FinTech and healthcare tackle high-stakes challenges. From central banks to micro-investment platforms, I’ve built predictive models that detect fraud, analyze risk, and uncover customer insights—before problems arise.Support the showThe Get Ready Money Podcast and its guests do not provide investment advice. All content is for educational purposes. Guest opinions do not necessarily reflect the opinions of The Get Ready Money Podcast and Tony Steuer.