Financial advice is an incredibly important part of managing your money, but it is inaccessible for many people. Artificial intelligence (AI) could be ready to change that.
Financial advisers view AI as an opportunity rather than a threat: Benchmark Capital, Schroders’ financial advisory arm, found last January that three quarters of the UK’s financial advisers expect to start incorporating AI into their advice process within the next five years.
How soon would you anticipate incorporating AI based technology applications in your advice process in some way?
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So-called ‘robo-advisers’ or digital wealth managers have become a popular form of simple financial planning that is widely available for most users.