Canvas Wealth Advisors’ Post

Matthew DelPriore, CFP®, MSFS's new article discusses the profound synergy between AI and human elements in financial planning. 💡💼 Explore the dynamic interplay between AI and the human touch in financial planning. Discover how AI empowers data-driven insights and operational efficiency while human advisors provide emotional intelligence and personalized advice. Uncover the harmonious balance that propels the future of financial services in this insightful article. #financialadvisor #financialplanning #artificialintelligence #fintech #ai https://lnkd.in/gQ8Y5G_Q

In conversations we've had with Gen Z and Millennials, many are looking at AI tools as starting points for financial advice. Platforms like ChatGPT can help consumers build foundational knowledge on a topic, as well as know what questions to ask other sources of advice to be able to make informed decisions. It's critical to keep in mind how consumers may be using AI to decide on what services or products to use, as well as what brands to consider.

PROD-05JUN-OTS-S-CASCADED Investors, get ready for AI that could help democratize financial planning. Are you excited? #financialplanning #AI #investors #unleashyourhand

Terrific insights by Keri Smith that explore AI use cases for advisors. I find the intersection of financial advice and AI fascinating. What's not to like about automating tasks, generating actionable insights, and creating better client experiences? Sounds like the underpinnings of a durable growth strategy and reminds me of the work we do everyday with breakaway advisors to help them create their envisioned firm as RIAs. Learn more: https://lnkd.in/gfCjweVs #Schwab4RIAs https://lnkd.in/gdcQrGdv

Demystifying Personal Finance: How AI is Shaping Financial Literacy and Decision-Making Read More: https://lnkd.in/eDnnFZkb In the current financial climate, the emergence of artificial intelligence (AI) has revolutionized the way individuals manage their personal...

The integration of artificial intelligence into the financial planning industry is not just a trend; it's revolutionizing the way advisors operate and clients receive advice. https://lnkd.in/gpa5qpX2 #fsonews #AI #Advice #RoboAdvisors

While AI has its strengths, it also has limitations. A human financial advisor offers guidance tailored to your specific financial situation.

The advantage of #roboadvisors is that they take the emotions out of investing. They stick with the #investment #strategy no matter what. Can they beat the market, hardly. Can more #ai power in these tools beat the market, hardly. They are in simple or sophisticated way look for #patterns. If such tools would really generate an investment strategy to beat the market, it would not be unique and become a pattern itself, to be picked up by all machines immediately. A strategy to beat the market could hardly be for just one investor, the robo-advisor would recommend it to all customers and potentially execute for all at the same time.