Key Points
Shweta Rajani, Mutual Fund Head, Anand Rathi Wealth, says when you are going to a human financial planner, you are getting the technical expertise that an AI platform can give you, as well as the human expertise of understanding and helping you set up the goals, helping you do the investment..
It is definitely being used and it is helping you bring in further efficiency in your money management...
We know of several platforms who recommend you stocks, recommend you mutual funds, do goal-based financial planning, risk analysis, all of it, like as if it is just going to a financial planner, a physical financial planner, human financial planner..
This is something that is not being offered by any AI platform today and for which you need a personal finance advisor guiding you through each and every step of your wealth management right from setting of goals, implementation..
So, now since we know that what are red flags on having an AI do your financial planning, let us also understand the best way we can make use of it and the right way we should be using it because a lot of people might just agree to disagree over here that all said and done AI is going to be a very integral part of all of our lives, so just avoiding it completely would not be really possible..
