Human Financial Advisers Face Competition as AI Takes the Lead in Wealth Management
Fox News anchor Bret Baier explores how technology is changing how the world operates on ‘Special Report.’
For decades, Americans have been advised to find a reliable financial adviser and trust them implicitly. This approach thrived in a simpler financial landscape where markets were less volatile, tax laws changed slowly, and financial statements arrived quarterly. However, today’s investors face a myriad of challenges: inflation, unpredictable markets, rising debt, and rapid policy changes. Many still rely on advice that is often reactive, emotional, and outdated.
Here’s an uncomfortable truth that Wall Street may not want to acknowledge: Artificial intelligence could soon outperform most human financial advisers.
This perspective comes from someone who has provided financial advice to thousands of families over the past 34 years and recognizes the impending changes for financial advisers in the next decade.
The biggest threat to your wealth isn’t the market. It’s human behavior.
Every market crash teaches a similar lesson: people panic. They sell at the bottom, chase hot investments after the peak, and often invest in ventures with little chance of success. This behavior has historically led to more wealth destruction than taxes, fees, or recessions combined.
NVIDIA CEO Jensen Huang states that the real artificial intelligence boom is just beginning as Big Tech races for record-breaking investments.
Human advisers are not immune to these tendencies. They read the same headlines and feel the same pressures as their clients. Even the most well-intentioned advisers can let emotions influence their decisions. In contrast, AI remains unaffected by fear or greed, relying solely on data and probabilities.
Over the long term, discipline triumphs over emotion. Just ask Warren Buffett. Machines are inherently built for discipline.
AI never sleeps — and your financial life needs daily attention
Most Americans meet with their financial advisers only once or twice a year. This is akin to checking your smoke alarm annually and hoping nothing goes wrong in between.
AI-driven financial coaching works differently.
AI can monitor your:
- Spending patterns
- Cash flow
- Debt situation
- Investment allocation
- Risk exposure
- Tax efficiency
With real-time monitoring, AI can react immediately to changes, unlike traditional advisers who may only review your situation during scheduled meetings. Many advisers overlook critical aspects like debt and household budgets, putting conventional advice at a disadvantage.
HP CEO Enrique Lores discusses the use of AI in company technology on ‘The Claman Countdown.’
AI SCAM ALERTS NOW ON VENMO AND PAYPAL: WHAT YOU NEED TO KNOW
Better advice, lower cost, fewer conflicts
Traditionally, high-quality financial advice has been reserved for the wealthy, while others receive generic portfolios and product-driven recommendations laden with commissions. AI disrupts this model.
It can provide ongoing guidance, planning insights, and behavioral coaching at a fraction of the cost — without commissions or sales pressure. Would you pay $19.99 a month for a 24/7 financial-coach subscription? You already pay that for Netflix, which doesn’t help you retire.
Everyday investors should start experimenting with AI tools like TheBuckGuru.com, an AI-powered financial coach that helps stress-test decisions, improve financial habits, and provide real-time feedback without judgment.
The truth the industry won’t admit
Here’s a reality that may unsettle some financial advisers: the average adviser is replaceable. While the best advisers offer more than just financial advice — acting as therapists, counselors, and connectors — much of what average advisers do can be automated.
Global A.I. advisor Zack Kass weighs in on the Trump administration’s push to maintain an edge over China in artificial intelligence on ‘Barron’s Roundtable.’
RETURN TO OFFICE GAINING MOMENTUM AS AI RESHAPES CORPORATE STRATEGY
While average advisers are not bad people, their basic services can be replaced. The advisers who will thrive will embrace AI, allowing technology to handle monitoring and calculations while focusing on the emotional and intuitive aspects of financial planning.
This isn’t the end of human advice. It’s the end of mediocre advice
AI won’t eliminate financial advisers — we’ve seen this narrative before with robo-advisers. However, it will expose those who provide little value beyond basic portfolios.
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AI will elevate the standard for financial advice, lower costs for consumers, and compel an industry rooted in tradition to modernize over the next decade. For investors, this is promising news.
When it comes to your finances, the smartest adviser in the room may soon be the one without a pulse — and in an era of emotion-driven mistakes, that could be exactly what your financial future requires.
Ted Jenkin is president of Exit Stage Left Advisors and partner at Exit Wealth.
Fox News anchor Bret Baier explores how technology is changing how the world operates on ‘Special Report.’
For decades, Americans have been advised to find a reliable financial adviser and trust them implicitly. This approach thrived in a simpler financial landscape where markets were less volatile, tax laws changed slowly, and financial statements arrived quarterly. However, today’s investors face a myriad of challenges: inflation, unpredictable markets, rising debt, and rapid policy changes. Many still rely on advice that is often reactive, emotional, and outdated.
Here’s an uncomfortable truth that Wall Street may not want to acknowledge: Artificial intelligence could soon outperform most human financial advisers.
This perspective comes from someone who has provided financial advice to thousands of families over the past 34 years and recognizes the impending changes for financial advisers in the next decade.
The biggest threat to your wealth isn’t the market. It’s human behavior.
Every market crash teaches a similar lesson: people panic. They sell at the bottom, chase hot investments after the peak, and often invest in ventures with little chance of success. This behavior has historically led to more wealth destruction than taxes, fees, or recessions combined.
NVIDIA CEO Jensen Huang states that the real artificial intelligence boom is just beginning as Big Tech races for record-breaking investments.
Human advisers are not immune to these tendencies. They read the same headlines and feel the same pressures as their clients. Even the most well-intentioned advisers can let emotions influence their decisions. In contrast, AI remains unaffected by fear or greed, relying solely on data and probabilities.
Over the long term, discipline triumphs over emotion. Just ask Warren Buffett. Machines are inherently built for discipline.
AI never sleeps — and your financial life needs daily attention
Most Americans meet with their financial advisers only once or twice a year. This is akin to checking your smoke alarm annually and hoping nothing goes wrong in between.
AI-driven financial coaching works differently.
AI can monitor your:
- Spending patterns
- Cash flow
- Debt situation
- Investment allocation
- Risk exposure
- Tax efficiency
With real-time monitoring, AI can react immediately to changes, unlike traditional advisers who may only review your situation during scheduled meetings. Many advisers overlook critical aspects like debt and household budgets, putting conventional advice at a disadvantage.
HP CEO Enrique Lores discusses the use of AI in company technology on ‘The Claman Countdown.’
AI SCAM ALERTS NOW ON VENMO AND PAYPAL: WHAT YOU NEED TO KNOW
Better advice, lower cost, fewer conflicts
Traditionally, high-quality financial advice has been reserved for the wealthy, while others receive generic portfolios and product-driven recommendations laden with commissions. AI disrupts this model.
It can provide ongoing guidance, planning insights, and behavioral coaching at a fraction of the cost — without commissions or sales pressure. Would you pay $19.99 a month for a 24/7 financial-coach subscription? You already pay that for Netflix, which doesn’t help you retire.
Everyday investors should start experimenting with AI tools like TheBuckGuru.com, an AI-powered financial coach that helps stress-test decisions, improve financial habits, and provide real-time feedback without judgment.
The truth the industry won’t admit
Here’s a reality that may unsettle some financial advisers: the average adviser is replaceable. While the best advisers offer more than just financial advice — acting as therapists, counselors, and connectors — much of what average advisers do can be automated.
Global A.I. advisor Zack Kass weighs in on the Trump administration’s push to maintain an edge over China in artificial intelligence on ‘Barron’s Roundtable.’
RETURN TO OFFICE GAINING MOMENTUM AS AI RESHAPES CORPORATE STRATEGY
While average advisers are not bad people, their basic services can be replaced. The advisers who will thrive will embrace AI, allowing technology to handle monitoring and calculations while focusing on the emotional and intuitive aspects of financial planning.
This isn’t the end of human advice. It’s the end of mediocre advice
AI won’t eliminate financial advisers — we’ve seen this narrative before with robo-advisers. However, it will expose those who provide little value beyond basic portfolios.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
AI will elevate the standard for financial advice, lower costs for consumers, and compel an industry rooted in tradition to modernize over the next decade. For investors, this is promising news.
When it comes to your finances, the smartest adviser in the room may soon be the one without a pulse — and in an era of emotion-driven mistakes, that could be exactly what your financial future requires.
Ted Jenkin is president of Exit Stage Left Advisors and partner at Exit Wealth.
