The majority (73%) of clients believe that artificial intelligence (AI) service ChatGPT could provide reliable financial advice in the future.
This is according to an annual study by Investor Index conducted among 1,100 UK adults with a minimum of £10,000 invested. Although 42% of younger investors (18-34) said that they had already used ChatGPT for advice, the study also revealed that over half (54%) of clients aged over 65 said that ChatGPT could be the future of financial advice. Over onethird of clients said that they would prefer to use a robo-adviser rather than a traditional financial adviser. AML Group senior strategist Sarah Nunneley said: "While ChatGPT is currently not regulated, its perceived promise as a sour...
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