The wealth management industry faces a dramatic shortfall of advisors—potentially up to 100,000 fewer by 2034—just as demand for comprehensive financial guidance soars. Amid this talent crunch, AI-driven solutions offer an immediate lifeline. From automating lead generation and meeting prep to producing sophisticated financial plans, AI empowers advisors to reclaim time and focus on client relationships. Coupled with team-based practices and robust succession strategies, AI can help firms serve more clients, improve retention, and maintain the high-caliber counsel that investors increasingly expect. This article explores actionable ways asset managers can harness AI to thrive despite the looming shortage.