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Perception of Automated Wealth Management by Retail Investors
Author(s):
Aaraev Sharma
Designation:
Student
Country:
India
Abstract:
Artificial Intelligence is advancing rapidly. With the emergence of tools like ChatGPT and other AI programs from major companies, AI is becoming increasingly powerful. This raises the question: can it provide human-level advice, particularly in the realm of finance? To explore this, we conducted a survey of 30 individuals in India of varying age, income and experience. The objective was to understand the public perception of AI financial advisors. Many respondents had over 10 years of market experience, and the results suggest that people are open to trying AI advisors in conjunction with human advisors, as many believe AI still lacks the ability to understand clients’ emotions fully. Further discussion on the results of this study is shown in this article.
Keywords:
AI, Financial Advisors , Retail Investors, Wealth Management
Domain:
Finance
Published In:
Volume 2, Issue 1, (January-February 2025)
Published On:
28 February 2025
Citation:
Perception of Automated Wealth Management by Retail Investors - GJMS Volume 2, Issue 1, January-February 2025.
DOI 10.63239/GJMS.2025.v02.i01.00023
DOI:
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