Neutral impactEconomy
AI threat to financial advisors? It may make money advice cheaper, but what about jobs — EY report answers
Mint 1 hr ago·3 Oct 2026, 8:59 am
A new report from EY suggests that artificial intelligence could fundamentally change how financial advice is delivered in India. The technology is expected to make professional guidance more affordable and accessible, potentially helping a wider range of investors, including women and younger generations, who may have previously been priced out of the market.
While the report highlights the potential for AI to democratise wealth management, it also addresses the impact on human professionals. It indicates that the role of traditional advisors is likely to evolve rather than disappear, shifting focus toward areas where human judgment and empathy are essential.
For investors, the rise of AI-driven tools means a potential increase in the quality and availability of financial information. However, the industry shift also suggests that the relationship between a client and their advisor will need to adapt, moving away from simple data provision toward more complex, advisory-based services.
Excerpt from Mint
AI could democratise financial advice, bringing it to diverse investors across India, including women and younger generations. But what does it mean for the jobs of traditional advisors? A recent report answers that crucial question. High-quality financial advice has traditionally been accessible mainly to affluent…Read the original at Mint
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