Retirement Economist Finds AI Gives Conventional Investing Advice, Matching a Mediocre Planner for Less Wealthy Users
Updated
Updated · Bloomberg · May 27
Retirement Economist Finds AI Gives Conventional Investing Advice, Matching a Mediocre Planner for Less Wealthy Users
4 articles · Updated · Bloomberg · May 27
A retirement economist who tested AI for financial guidance found it delivered clear, engaging explanations of standard saving and investing advice rather than novel strategies.
That assessment put AI roughly on par with a mediocre financial planner—useful enough to help some users, but lacking the personal touch of a human adviser.
The review suggests AI advice may still be better than nothing for people without access to traditional planners.
Brokerages are expected to expand AI advisers to less wealthy customers, making this kind of basic, conventional guidance more common in retirement planning.
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