Is AI the Answer for Mass-Market Retirement Advice? [Yahoo! Finance]
FIRST NATL OF NEB INC (FINN)
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Source: Yahoo! Finance
Sick of reading about AI's potential to remake the world of wealth management? Buckle up, 'cause we're just getting started. Much ink has been spilled about the entrance of artificial intelligence tools into the wealth management industry. Thus far, the dialogue has focused on AI-powered services desired by wealthy clients and prospects, especially tax management and estate planning . Less attention has been paid, though, to another important use case: the potential for the technology to deliver tailored retirement income planning for the mass market. At least one such platform is already up and running, representing both a new potential partner and a source of competition for advisors. “There is a giant supply-demand mismatch for retirement advice in this country,” said Steve Chen, founder and CEO of Boldin, a financial planning platform used by more than 500,000 active retirement savers. “More than 11,000 baby boomers are turning 65 every day, and many of them don't have the as
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