Artificial intelligence (AI) “does not pose a threat” to financial advisers’ jobs, delegates heard.
Speaking yesterday (18 May) at Timeline's Adviser 3.0 conference about the future of advice, Vanguard managing director Sean Hagerty said automation is changing the nature of work but will not ultimately affect advisers' jobs. He explained that while AI is undoubtedly disrupting technology, it does not pose a significant threat to the jobs of financial advisers. Instead, it is reshaping the industry and augmenting the capabilities of human professionals. "Jobs do not tend to go away but tasks change," Hagerty said. Delegates were told that the advice gap persists while people conti...
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