Will Artificial Intelligence Replace Your Financial Advisor? [Video]

A recent Deloitte report predicts 78% of retail investors will use generative AI applications as an investment advice source by 2027.

Don’t be surprised if conversations with your financial advisor soon feel relatively automated — you might be chatting with a bot.

The financial advisory industry is poised for dramatic Artificial Intelligence (AI) disruption. If this comes to pass, AI will become the leading source of retail investment advice, outstripping friends and family, social media, and even your local financial advisor.

Deloitte foresees retail investors leveraging broad-based generative AI applications tailored for investment advice to help make decisions. However, this is broader than that of AI-native companies. Many legacy financial institutions will also offer AI-powered financial advice engines as clients gain comfort with investment tools that utilize artificial intelligence.

Industry insiders have mixed opinions on the degree of AI disruption investors should expect to see in the near term.

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