The AI Revolution Will Crush Your Financial Adviser – And You’ll Be Better Off For It
The days of slobbering over your financial planner like a lapdog are numbered. With AI, the future of financial planning is here, and it’s a bleak one for human advisors.
Take my personal trainer, Doug, for example. He’s a real person, yes, but his job is about to become obsolete thanks to technology. Doug lives on the other side of the country, and yet he trains me (and dozens of others) through an app. He’s a master of custom workouts, and I’m convinced he’s the best. But AI is about to take his place, offering even more tailored advice, monitoring my progress, and sending me motivational messages.
And don’t even get me started on financial planners. They’re already feeling the heat, thanks to robo-advice and automated asset allocation. These AI-powered advisors can crunch numbers faster and more accurately than any human, and they’re more affordable too. The only thing left for human advisors to do is to offer a human touch – and even that’s being automated.
So, what’s the big deal? Why should we care that our financial advisors are being replaced by robots? Well, for one, AI is more efficient. It can process data faster and more accurately, making it less prone to human error. And with AI, you can have a financial advisor 24/7, without having to worry about them going on vacation or getting sick.
But, let’s be real, the most significant advantage of AI financial advisors is that they don’t care. They don’t care about your emotions, your biases, or your irrational fears. They’re programmed to make the best decisions for you, without getting attached or making personal connections.
And don’t even get me started on the market for AI-assisted financial advice. It’s growing, it’s segmented, and it’s inevitable. So, if you’re a financial planner, it’s time to start learning some code and getting familiar with those robots.
Read more:
- Why AI is the future of finance
- The AI chatbot that can help you manage your finances
- How AI is changing the way we work
