AI threat to financial advisors? It may make money advice cheaper, but what about jobs — EY report answers
AI SummaryAI-generated — verify against the source.A new EY report examines the dual impact of AI on the financial advisory profession, suggesting that while AI will likely lower the cost of financial advice, it also raises questions about future job security for advisors. The report implies a shift in the advisor's role rather than total replacement, emphasizing the need for advisors to adapt to AI-augmented service models.
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