Are you ready to trust Artificial Intelligence (#AI) with your financial advice?
AI is in just about every news story today, but do we know the long term outcomes for investors, and whether the benefits outweigh some of the risks?
I spoke with the Financial Post’s Larysa Harapyn to explore. Catch the article and segment video here.
Drawing on an insightful study conducted by BEworks and Manulife Investment Management, it was discovered that investors who follow the guidance of financial advisors consistently outperform those who go without advice. However, despite the desire for maximizing returns, a significant portion of Canadians—around one-fifth—express a lack of interest in receiving financial advice. Moreover, many others fail to recognize the value it can bring, potentially missing out on substantial long-term gains. Learn more about the study here.