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AI & financial advice
P
Patrick Williams
Community Member
3 weeks ago

How can AI help financial advisers or accountants?

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2 Responses

Hi Patrick, I think AI is going to have a major impact on Accountancy and Financial Advisors-(these knowledge based industries will be amongst the first to go) the current mantra goes, "AI won't replace accountants or financial advisors , but those accountants and financial advisors with AI skills will replace those without."

Some believe that practical skills people such as builders, electricians and plumbers will not be replaced, I wouldn't be so sure about that. AI with Robotics will soon take those positions as well.

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As someone who currently straddles two different countries for work, I am of the view that AI can help with financial advice. At the very least - and I write from personal experience here - the overall problem-space can be simplified by using AI for detailed queries about pensions, market performance, and even long-term investment strategies.

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