Can AI Really Replace Financial Advisors? Experts Weigh In on the Risks
2025-01-13
Fortune on MSN.com
The rise of AI chatbots has transformed the financial landscape, offering detailed financial support and basic financial advice. However, experts warn against relying solely on AI for complex financial decisions, citing concerns over hallucinations and the lack of regulatory guardrails. As AI technology continues to evolve, it's essential to strike a balance between harnessing its potential and ensuring accountability. With the right approach, AI can augment human financial advisors, providing personalized financial planning and investment advice. Key considerations include financial planning, investment advice, and regulatory compliance.
