Artificial Intelligence is revolutionizing the personal finance landscape. From budgeting and financial planning to investment management and insurance, AI is making processes faster, smarter, and more accessible for individuals and professionals alike.
But there are major questions to address: Will AI replace financial advisors? And how safe is it when it comes to data privacy?
In this episode, we explore these critical topics with Sonam Srivastava, the founder of Wright Research, a SEBI-registered Robo-advisor and Portfolio Management Service in India.
We discussed:
-How AI tools are transforming budgeting, financial planning, and portfolio management.
-The role of AI and machine learning at Wright Research to make data-driven investment decisions.
-Privacy and security concerns with AI tools and how to mitigate risks.
-The future of AI in personal finance and why human expertise remains indispensable.
Timestamps:
0:00 - Introduction
01:04 - How is AI changing the personal finance landscape?
02:22 - Are people actually using AI for financial planning?
03:45 - How does Wright Research use AI?
05:29 - How can AI help you budget your finances?
06:43 - How can financial advisors leverage AI for financial planning?
07:38 - How do algorithms impact financial data?
08:41 - Privacy concerns with AI in finance
09:20 - AI tools for financial planning
10:11 - How can AI transform the insurance sector?
11:34 - How are robo-advisors managing portfolios?
12:26 - The role of blockchain in finance
13:36 - The future of generative AI in financial planning
14:59 - How does AI consider behavioral aspects in financial planning?
16:16 - How can we integrate AI for better financial planning?
16:49 - How can you use AI for insurance?
18:19 - Concerns with using AI tools for financial planning
19:28 - Key takeaways
Disclaimer:
This content is provided for educational and informational purposes only. The views expressed by our guests reflect their personal opinions and experiences. Our intent is not to defame or cause harm to any individual, entity, brand, or product mentioned. We aim to offer insights that empower our audience to make well-informed decisions. Viewers should consider their unique circumstances and consult with qualified financial professionals when necessary before acting on any information presented in this video.
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