As you have probably noticed by now, AI is everywhere. The question many are asking is if AI will replace financial advisors. If you go to a financial planner, aside from getting help with your finances you are looking for a relationship of trust. A financial advisor's job goes beyond helping you figure out how to allocate your money. It also encompasses helping clients understand the why of investing, giving support during tough economic times, and understanding what their needs and dreams are, to help them accomplish all of it. We do expect AI to become a financial planner’s ally in assisting clients and turning the advisor’s basic tasks into more simplified processes. This will allow financial advisors to focus more on the client’s needs. So, AI will not replace financial advisors but rather enrich and simplify some of their work.
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