{"id":44593,"date":"2021-06-18T15:56:28","date_gmt":"2021-06-18T12:56:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44593"},"modified":"2025-08-31T17:37:51","modified_gmt":"2025-08-31T14:37:51","slug":"opinion-artificial-intelligence-will-not-replace-financial-advisers","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/opinion-artificial-intelligence-will-not-replace-financial-advisers\/","title":{"rendered":"Opinion: Artificial intelligence will not replace financial advisers"},"content":{"rendered":"<p>Artificial intelligence will not replace the role of financial advisers. This was stated by UBS Group chief executive Ralph Hamers, <a href=\"https:\/\/www.cnbc.com\/2021\/06\/17\/ai-wont-replace-financial-advisors-ubs-ceo-says.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">CNBC<\/a> reports.<\/p>\n<p><!--more--><\/p>\n<p>According to him, technology is better suited for performing routine tasks, such as opening an account or executing trades.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAdvisor involvement in these processes will not yield any benefit. They are advisers. They should advise,\u201d Hamers says.<\/p>\n<\/blockquote>\n<p>He added that financial advisers should receive support from technology. For example, they could use AI to analyse research and other data that specialists do not have time for.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis is what artificial intelligence is capable of, because even our client-facing advisers cannot read all the research and cover all the available product options there are,\u201d Hamers says.<\/p>\n<\/blockquote>\n<p>Earlier in June, the head of Kaspersky Lab, Evgeny Kaspersky, said that<a href=\"https:\/\/forklog.com\/en\/news\/kaspersky-human-level-artificial-intelligence-will-emerge-in-about-a-thousand-years\"> an artificial intelligence equal to a human will appear in a thousand years<\/a>.<\/p>\n<p>In late May, the head of Sberbank, Herman Gref, said that<a href=\"https:\/\/forklog.com\/en\/news\/gref-says-artificial-intelligence-will-force-people-to-change-careers\"> people should prepare for job losses due to automation<\/a> and acquire new professions.<\/p>\n<p>In May, Nobel laureate in economics Daniel Kahneman noted that<a href=\"https:\/\/forklog.com\/en\/news\/opinion-ai-will-surpass-humans-but-not-soon\"> machine intelligence will surpass human intelligence<\/a>, but for now it is far from that.<\/p>\n<p>Subscribe to ForkLog news on Telegram:<a href=\"https:\/\/t.me\/forklogAI\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"> ForkLog AI<\/a> \u2014 all the news from the world of AI!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Artificial intelligence will not replace the role of financial advisers. This was stated by UBS Group chief executive Ralph Hamers.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1138,1932],"class_list":["post-44593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-opinions","tag-ubs"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=44593"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44593\/revisions"}],"predecessor-version":[{"id":44594,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44593\/revisions\/44594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=44593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=44593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=44593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}