AI, wealth management and trust: Could machines replace human advisors? (www.weforum.org)
from Tea@programming.dev to technology@lemmy.world on 17 Mar 2025 16:29
https://programming.dev/post/27091888

  • By 2027, AI-driven investment tools are expected to become the primary source of advice for retail investors.
  • Trust is at the core of successful advice relationships, but can AI ever replace the trust people have in human advisors?
  • The question of AI’s impact on different factors and its overall implications is an important one to address.

#technology

threaded - newest

mosiacmango@lemm.ee on 17 Mar 2025 22:50 next collapse

Darts and coin flips have been shown to consistently beat human investment advisors, so sure.

Im betting those same darts and coins will also beat the AI advisors too though.

dirthawker0@lemmy.world on 18 Mar 2025 00:13 collapse

I was actually curious about this several years ago. In 2020 I started two investments, one has investment decisions made by a team of people, the other is not billed as AI but automated. I started them about the same time and with the same amount of money. 5 years later they are still nearly the same, the automated one slightly higher than the human one much of the time but not always.