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The core problem, the financial educator said, is that <a s goals or risk capacity. Whereas Agarwal said, a financial advisor would typically begin with an assessment of goals and risk.
The core problem, Agarwal said, is that investors do not stop to check whether AI-generated advice is actually relevant to their financial situation.
Instead, they are easily swayed to take unintended risks because of AI’s warm, confident language, which can lull investors into a false sense of security, and investors only realise when it’s too late to reverse.
The financial educator cautioned that while technology may make financial information more accessible, it can also unintentionally steer investors towards risks they may not want to take.
Why must decision-maker.
“Use AI, but know where to draw the line,” Agarwal said.
