Concerns clients seek financial reassurance over financial advice

'AI can provide clients reassurance just as much as humans can’

Sahar Nazir
clock • 2 min read

Clients are seeking financial reassurance over traditional financial advice, which artificial intelligence (AI) has the ability to provide, according to Multiply.

Speaking at Multiply's ‘Generative AI: The Perfect Sidekick for the Future of Finance?' event yesterday (14 March), co-founder and chief technology officer Mike Curtis highlighted a shift in client preferences, with a growing emphasis on seeking financial reassurance rather than traditional advice. He said that although clients want reassurance from a human being, computers can also offer reassurance. "This is where you come into generative AI," Curtis said. "Generative AI is good at copying human language. It can make conversation. It can ask about your favourite football team and le...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

ValidPath CEO on redefining independence in financial advice

ValidPath CEO on redefining independence in financial advice

‘True independence means being free from any ties’

Isabel Baxter
clock 19 November 2024 • 3 min read
PFS writes to members to seek reasons behind AGM rebel vote down

PFS writes to members to seek reasons behind AGM rebel vote down

Board intends to consider feedback ahead of 4 December meeting

Isabel Baxter
clock 18 November 2024 • 2 min read
Analysis: Advice M&A continues apace as FCA review looms

Analysis: Advice M&A continues apace as FCA review looms

Firms taking very different approaches to buying and selling

Isabel Baxter
clock 18 November 2024 • 7 min read