Retail Investors May Soon Rely on Gen AI Tools for Financial Advice
This article, published in the CIO Journal, which is sponsored by Deloitte, highlights how generative AI "Gen AI" based financial advice will be the most dominant form of financial advice within the next 3 years, ahead of human financial advisors, friends and family, and banks or other financial institutions. In order for financial advisors to survive, Gen AI tools will need to be leveraged. The article argues that websites and financial influencers that do not utilize generative AI will become less relevant. What the article refers to as "advice leaders" will need to offer a mix of solutions that incorporate generative AI capabilities.
