AI Policy Template for Financial Services & Advisory
Financial firms operate under supervision and recordkeeping rules that don't pause when an AI drafts the message. The SEC and FINRA have both signaled that AI-assisted client communications, recommendations, and marketing are subject to the same review requirements as human work — and that firms should have written AI policies. This generator produces one tuned to GLBA data restrictions and supervisory review requirements.
Generate a policy customized for financial advisory firms in about 3 minutes:
Generate my financial services & advisory AI policyFree preview · $49 one-time to download
AI risks specific to financial advisory firms
- Client communications drafted by AI are still subject to FINRA supervision and recordkeeping rules
- Nonpublic personal information entered into AI tools can violate GLBA safeguards
- AI-generated market commentary can include fabricated statistics or stale data
- Regulators (SEC, FINRA) have flagged 'AI washing' and unsupervised AI use in exams
Compliance requirements your policy must address
GLBA
Nonpublic personal information (NPI) covered by the Gramm-Leach-Bliley Act — including account numbers, balances, credit information, and any data collected in connection with providing a financial product — must not be entered into AI tools that have not been approved for NPI under the Company's GLBA safeguards program.
FINRA / SEC
Client communications, investment recommendations, and marketing materials produced with AI assistance are subject to the same supervision, review, and books-and-records requirements as human-authored content under FINRA and SEC rules. AI-assisted recommendations must be reviewed by a registered principal before use.
SOX
AI tools must not be used to prepare, alter, or summarize financial records subject to Sarbanes-Oxley internal controls unless the output is fully reviewed under the Company's existing financial review and sign-off process. AI use never reduces the documentation or approval requirements of an internal control.
What a complete financial services & advisory AI policy includes
- Purpose, scope, and who the policy covers (employees, contractors, volunteers)
- Approved AI tools and the process for approving new ones
- Acceptable uses — and the prohibited list, including data that must never enter prompts
- Privacy-law clauses for your jurisdictions (GDPR, EU AI Act, CCPA, PIPEDA) plus GLBA and FINRA / SEC and SOX requirements
- Human review and accountability rules for AI output
- Incident reporting, enforcement, and annual review
Frequently asked questions
- Can advisors use AI to draft client emails?
- Generally yes, if the firm's normal communication review process applies and no nonpublic client information enters unapproved tools. The policy should make both conditions explicit.
- Does this cover SEC/FINRA expectations?
- The generated policy includes supervisory review requirements for AI-assisted client communications and recommendations. Your compliance officer should adapt the review workflow to your existing WSPs.
Get your financial services & advisory AI policy
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Start the generatorDraftAIPolicy is not a law firm; documents are self-help templates, not legal advice.