Advice | Looking for financial advice? Try AI, suggest some in the sector

From writing cover letters to drafting academic articles, generative AI programs are transforming the way business is conducted -- including in the financial planning field.

“What we’re trying to do is meet people where they are and allow them to ask questions in their own words, which the program can use to match them up with the best advice and ways forward.” Software companies began to move in two directions. Developers either looked to produce fully-automated systems, or designed hybrid programs where consumers would receive initial advice through AI — and, later on, could seek out more specific help from a human advisor.

Thus, instead of paying a financial planner from the beginning, users could save money and time by using generative AI for the bulk of the necessary preliminary research and advice a financial planner would likely charge significant fees for.

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