AI Transforms Wealth Management but Human Advisers Remain Essential

31 articles · Updated · MIT Sloan News · Apr 13

AI tools are increasingly being used in wealth management and retirement planning, offering improved personalisation and scenario analysis.
Experts highlight AI's strengths in explaining trade-offs and providing behavioural coaching, but stress it lacks fiduciary responsibility and nuanced human judgment.
Advisers and analysts agree AI should complement, not replace, human advisers, as empathy and accountability remain essential for sound financial decisions.

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