AI Is Giving Financial Advice Now

00:00 - Introduction02:23 - ChatGPT Announcement05:44 - The Pros07:54 - Advice Concerns10:09 - Regulatory Ambiguity14:22 - Considerations for Using AI Advisors16:56 - Will AI Replace Advisors?Dead on the Money Podcast Episode: https://youtu.be/po9zpbVQOYE?si=1B2Ff87jzRakyMdrChatGPT announced this week that it would allow users to connect their bank/investment accounts to the platform to receive AI advice for their finances - today we dive into the implications.DISCLAIMER:This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer). Richard makes no warranties regarding the accuracy of data included in this video. Learn more about your ad choices. Visit megaphone.fm/adchoices