A major part of financial advice is analysing and recommending a product. Can a robot do this? I asked ChatGPT3 (the old version of the new AI sensation) “what superannuation funds in Australia have a low cost and high performance” as well as “do a quantitative analysis on BHP shares”? The response in the…
QAR (Quality of Advice Review) is about making financial planning advice affordable and accessible to ordinary Australians. Qualified, licensed advisers have seen their numbers fall to nearly half as education and compliance requirements suffocate them and force up the cost of giving advice. According to Adviser Ratings, only 10.1% of consumers saw a wealth adviser…
The CEO of OpenAI (Sam Altman) has compared his firm’s work on artificial intelligence to the Manhattan Project, where the first nuclear weapon was developed during World War II. Just like the warnings against the development of the atomic bomb, more than 2,000 tech experts and leaders across the world signed a letter calling for a pause…
