A new report shows that many young people use AI tools to learn about money and investing. They also watch videos and listen to podcasts for finance tips.
Even with so much online information, young investors still trust human financial advisers. The report looked at more than 2,400 investors in six major markets around the world.
Many Gen Z and Millennial investors now use AI to learn about investing. These tools can give quick answers and ideas. But experts say AI cannot replace human judgment and real life experience.
The report found that younger investors want advisers who are honest and skilled. They also want clear facts about fees, results and data safety.
Experts say advisers must change with the times. They should use AI to help with daily work and client updates. At the same time they should focus on giving trusted advice and helping clients make smart choices.
The study also found that many young investors have made decisions because of fear of missing out, often called FOMO. This happened most often with cryptocurrency investments.
Financial advisers can help people stay calm during market ups and downs. They can explain new trends and help clients focus on long term goals.
Experts believe AI will continue to grow in finance. However, human advisers will still play an important role. Trust, experience and good judgment remain valuable for investors who want help with their financial future.