For decades, Americans were given the same advice about money: Find a good financial adviser. Trust the person, not just the process.<\/p>\n
That model worked when markets were simpler, tax laws changed more slowly, statements arrived quarterly and financial decision-making wasn\u2019t so complex. But today, investors are navigating inflation, volatile markets, rising debt and rapid policy shifts \u2014 all while still relying on advice that\u2019s often reactive, emotional and outdated.<\/p>\n
AI FUELS BLUE-COLLAR PRODUCTIVITY BOOM ACROSS MANUFACTURING, PALANTIR TECHNOLOGY CHIEF TELLS FOX BUSINESS<\/strong><\/a><\/p>\n And now comes an uncomfortable truth Wall Street doesn\u2019t love talking about.<\/p>\n Artificial intelligence may soon be a better financial adviser than most human beings.<\/p>\n And this comes from a person who has been giving financial advice to thousands of families over the past 34 years and also sees the handwriting on the wall for financial advisers over the next decade.<\/p>\n Not in theory. In practice.<\/p>\n Every market crash teaches the same lesson. People panic. They sell at the bottom. They chase hot investments after the run-up is already over. They invest in their friend\u2019s new restaurant that doesn\u2019t stand a chance. They buy cryptocurrencies nobody has ever heard of. Since the dawn of time, people have looked for a get-rich-quick scheme that will help them retire tomorrow.<\/p>\n This behavior alone destroys more wealth than taxes, fees or recessions combined.<\/p>\n THIS IS WHY YOU MAKE SIX FIGURES AND STILL LIVE PAYCHECK TO PAYCHECK<\/strong><\/a><\/p>\n Human advisers aren\u2019t immune either. They read the same headlines. They feel the same pressure when clients demand action. They try to keep up with the Joneses as well. Even the best intentioned advisers can let emotion creep into decisions.<\/p>\n AI doesn\u2019t.<\/p>\n It doesn\u2019t get scared. It doesn\u2019t get greedy. It doesn\u2019t care what social media, cable news or your neighbor is doing with their money. It follows data, probabilities and rules every single time.<\/p>\n Over the long run, discipline beats emotion. Just ask Warren Buffett. Machines are built for discipline.<\/p>\n Most Americans meet with their financial adviser once or twice a year. That\u2019s like checking your smoke alarm annually and hoping nothing catches fire in between.<\/p>\n It can monitor your\u2026<\/p>\n Spending patterns<\/p>\n Cash flow<\/p>\n Debt situation<\/p>\n Investment allocation<\/a><\/p>\n Risk exposure<\/p>\n Tax efficiency<\/p>\n \u2026 in real time.<\/p>\n When something changes, AI can react immediately \u2014 not at the next scheduled review. And most advisers aren\u2019t looking closely at your debt, credit cards, household budget or the small decisions that add up in your financial life. That alone puts traditional advice at a disadvantage.<\/p>\n AI SCAM ALERTS NOW ON VENMO AND PAYPAL: WHAT YOU NEED TO KNOW<\/strong><\/a><\/p>\n High-quality financial advice has long been reserved for the wealthy. Everyone else often gets generic portfolios like a 60\/40 allocation and product-driven recommendations loaded with commissions.<\/p>\n AI flips that model on its head.<\/p>\n It can deliver ongoing guidance, planning insights and behavioral coaching at a fraction of the cost \u2014 without commissions, quotas or sales pressure. Would you pay $19.99 a month for a 24\/7 financial-coach subscription? You already pay $19.99 for Netflix, and it\u2019s not getting you any closer to retirement.<\/p>\n That\u2019s why everyday investors should start experimenting now. Tools like TheBuckGuru.com<\/a> an AI-powered financial coach, allow people to stress-test decisions, improve financial habits and get real-time feedback without judgment or sales pitches. It can even develop actionable game plans that integrate directly into your calendar.<\/p>\n Here\u2019s the part that makes some financial advisers uncomfortable.<\/p>\n The average financial adviser is replaceable. The good ones may not be, because they act as much more than advisers. They are financial therapists, marriage counselors, super-connectors and career counselors \u2014 and they still bring an art form to their work that AI simply can\u2019t replicate today.<\/p>\n RETURN TO OFFICE GAINING MOMENTUM AS AI RESHAPES CORPORATE STRATEGY<\/u><\/strong><\/a><\/p>\n Average advisers are not bad people, but much of what they do can be replaced because their advice, portfolios and service are very basic.<\/p>\n The advisers who will thrive in the future won\u2019t fight AI. They\u2019ll use it.<\/p>\n They\u2019ll let technology handle monitoring, calculations and execution while human advisers focus on what machines can\u2019t do well right now: managing intuition and emotions. That includes major life transitions, complex career planning, family dynamics and stopping clients from making catastrophic emotional mistakes like pulling their money out at exactly the wrong time.<\/p>\n AI won\u2019t eliminate financial advisers \u2014 we heard this story before with the robo-adviser.<\/p>\n But it will expose the ones who add little value beyond the 60\/40 portfolio and paperwork.<\/p>\n GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/a><\/p>\n It will raise the standard for advice, lower the cost for consumers and force an industry built on tradition to finally modernize over the next decade.<\/p>\n For investors, that\u2019s good news.<\/p>\n Because when it comes to your money, the smartest adviser in the room may soon be the one without a pulse \u2014 and in an age of emotion-driven mistakes, that may be exactly what your financial future needs.<\/p>\n Ted Jenkin is president of <\/i>Exit Stage Left Advisors<\/i><\/a> and partner at <\/i>Exit Wealth<\/i><\/a>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":" A seasoned financial advisor with 34 years of experience argues AI may soon provide better financial advice than humans, citing emotional decision-making that destroys wealth.<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-1950","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"http:\/\/www.mediterraneandining.com\/index.php\/wp-json\/wp\/v2\/posts\/1950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.mediterraneandining.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.mediterraneandining.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/www.mediterraneandining.com\/index.php\/wp-json\/wp\/v2\/comments?post=1950"}],"version-history":[{"count":0,"href":"http:\/\/www.mediterraneandining.com\/index.php\/wp-json\/wp\/v2\/posts\/1950\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.mediterraneandining.com\/index.php\/wp-json\/wp\/v2\/media?parent=1950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.mediterraneandining.com\/index.php\/wp-json\/wp\/v2\/categories?post=1950"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.mediterraneandining.com\/index.php\/wp-json\/wp\/v2\/tags?post=1950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}