I reckon the strike rate on dodgy advice from FA’s would be higher than the 30% AI rate 😃
I used AI to assemble a complete list of questions for my sister to ask the FA they saw.
He was not impressed…😎 His expectation was that they cough up something like $12k each, plus ongoing fees and for them to be happy with whatever high fee crappy wrap product he could come up with.
They got out of there asap.
They also tried to use ARTs free advice, but as soon as they got past, what is your name and age he was trying to sign them up to see a paid service 😡, despite their advertising saying you can get detailed advice as long as it is related to their super products.
Thank you for your comments on AI. For me, it is becoming invaluable. It does require you to provide sufficient context and then start asking clear questions. If you ask general stuff then you get poor answers. I’ve used it to create a dashboard for our SMSF that includes points for discussion with our financial advisor. It certainly helps test the advice you receive.
I used it to navigate my insurances, was actually really helpful, and understand my risk profile and time horizons. I’m generally not a user of AI in day to day life and it was a bit sycophantic but also very useful.
I reckon the strike rate on dodgy advice from FA’s would be higher than the 30% AI rate 😃
I used AI to assemble a complete list of questions for my sister to ask the FA they saw.
He was not impressed…😎 His expectation was that they cough up something like $12k each, plus ongoing fees and for them to be happy with whatever high fee crappy wrap product he could come up with.
They got out of there asap.
They also tried to use ARTs free advice, but as soon as they got past, what is your name and age he was trying to sign them up to see a paid service 😡, despite their advertising saying you can get detailed advice as long as it is related to their super products.
Thank you for your comments on AI. For me, it is becoming invaluable. It does require you to provide sufficient context and then start asking clear questions. If you ask general stuff then you get poor answers. I’ve used it to create a dashboard for our SMSF that includes points for discussion with our financial advisor. It certainly helps test the advice you receive.
I used it to navigate my insurances, was actually really helpful, and understand my risk profile and time horizons. I’m generally not a user of AI in day to day life and it was a bit sycophantic but also very useful.