Can AI Chatbots Replace Human Financial Advisors?

Simran

AI chatbots handle data analysis, portfolio tracking, and routine queries with speed and 24/7 availability

AI offers low-cost, scalable advice for retail investors, making basic financial guidance more accessible.

AI lacks emotional intelligence and cannot coach investors through fear, greed, or life-changing events.

Human advisors provide trust, empathy, and judgment for complex planning like taxes, estate, and family wealth.

The future is hybrid: AI boosts efficiency while humans deliver personalized, accountable financial advice.

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