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AI & financial advice
P
Patrick Williams
Community Member
7 months, 2 weeks ago

How can AI help financial advisers or accountants?

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As someone who currently straddles two different countries for work, I am of the view that AI can help with financial advice. At the very least - and I write from personal experience here - the overall problem-space can be simplified by using AI for detailed queries about pensions, market performance, and even long-term investment strategies.

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This is an interesting thread. I have been working in both Accounting and Book keeping most of my adult life, Both as an employee and a freelancer. I notice about a year or so ago as a freelancer my clients were drying up. I then decided to apply to go back in as a an 9-5 employee, but couldn't hardly get an interview, much less a job in accounting. I could not understand why. A colleague in the industry sent me a report earlier this year which stated that AI would disrupt certain industries and replace many white collar workers, accountancy / book keeping was top of the list. So I have decided to retrain and upskill, hence my reason for being on this platform.

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